Lumentum (NASDAQ:LITE) Stock Price Expected to Rise, Mizuho Analyst Says

Lumentum (NASDAQ:LITE) had its price target increased by equities researchers at Mizuho from $750.00 to $930.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm presently has an “outperform” rating on the technology company’s stock. Mizuho’s price objective suggests a potential upside of 14.01% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Rosenblatt Securities restated a “buy” rating and set a $900.00 target price on shares of Lumentum in a report on Wednesday, March 18th. Barclays boosted their price target on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Citigroup upped their price objective on Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $526.00 in a research note on Wednesday, February 4th. Finally, Susquehanna boosted their price target on shares of Lumentum to $550.00 and gave the company a “positive” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $592.88.

Lumentum Stock Up 5.6%

Lumentum stock opened at $815.75 on Wednesday. Lumentum has a 12 month low of $48.51 and a 12 month high of $836.91. The stock has a market capitalization of $58.24 billion, a PE ratio of 250.23 and a beta of 1.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The business has a 50 day simple moving average of $640.61 and a 200-day simple moving average of $401.71.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.Lumentum’s revenue was up 65.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, analysts anticipate that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the transaction, the insider owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at $45,812,934.31. This represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 65,775 shares of company stock valued at $38,851,343. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

A number of institutional investors and hedge funds have recently made changes to their positions in LITE. Rockefeller Capital Management L.P. lifted its stake in shares of Lumentum by 123.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,623 shares of the technology company’s stock valued at $1,704,000 after purchasing an additional 2,553 shares during the period. Hsbc Holdings PLC increased its holdings in Lumentum by 6,239.0% in the fourth quarter. Hsbc Holdings PLC now owns 194,163 shares of the technology company’s stock valued at $71,724,000 after buying an additional 191,100 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Lumentum during the 4th quarter valued at approximately $1,136,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Lumentum by 46,666.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 8,418 shares of the technology company’s stock worth $3,103,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Reflection Asset Management purchased a new stake in shares of Lumentum during the 4th quarter worth approximately $59,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.