Lumentum Holdings Inc. (NASDAQ:LITE) Receives $1,003.75 Consensus Price Target from Analysts

Lumentum Holdings Inc. (NASDAQ:LITE) has been given an average rating of “Moderate Buy” by the twenty research firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $1,012.4286.

LITE has been the subject of several analyst reports. B. Riley Financial reiterated a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and set a $1,200.00 price target on shares of Lumentum in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their target price on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, TD Cowen increased their price target on shares of Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th.

Insider Transactions at Lumentum

In other Lumentum news, insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the sale, the insider owned 95,975 shares of the company’s stock, valued at $52,381,235.50. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 32,488 shares of company stock valued at $27,115,961. 0.43% of the stock is currently owned by insiders.

Institutional Trading of Lumentum

Several institutional investors and hedge funds have recently bought and sold shares of LITE. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum in the first quarter worth $25,000. Sachetta LLC boosted its stake in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares during the period. Wiser Advisor Group LLC grew its position in Lumentum by 6,000.0% during the first quarter. Wiser Advisor Group LLC now owns 61 shares of the technology company’s stock worth $43,000 after buying an additional 60 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Lumentum by 687.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company’s stock worth $44,000 after acquiring an additional 55 shares during the last quarter. Finally, Truvestments Capital LLC increased its stake in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after acquiring an additional 57 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
• Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
• Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
• Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum’s Components Business Accelerates: More Upside Ahead?
• Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18

Lumentum Stock Down 3.1%

LITE stock opened at $970.70 on Friday. The firm has a market capitalization of $75.52 billion, a PE ratio of 179.76 and a beta of 1.53. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. Lumentum has a twelve month low of $71.04 and a twelve month high of $1,085.68. The stock’s 50 day moving average is $809.96 and its 200-day moving average is $535.23.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. The business had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s quarterly revenue was up 90.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts expect that Lumentum will post 6.49 EPS for the current fiscal year.

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.