Lumentum (NASDAQ:LITE) Given New $1,280.00 Price Target at JPMorgan Chase & Co.

Lumentum (NASDAQ:LITE) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $1,165.00 to $1,280.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 43.76% from the stock’s previous close.

Several other equities research analysts have also commented on LITE. BNP Paribas Exane lifted their price target on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Loop Capital raised their price objective on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. TD Cowen reiterated a “hold” rating on shares of Lumentum in a research report on Wednesday. Finally, Northland Securities lifted their target price on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,049.33.

Lumentum Stock Up 8.5%

Lumentum stock traded up $69.80 during mid-day trading on Wednesday, hitting $890.39. The company had a trading volume of 3,724,954 shares, compared to its average volume of 5,705,583. The stock has a market cap of $69.27 billion, a price-to-earnings ratio of 162.46 and a beta of 1.50. Lumentum has a 1 year low of $111.20 and a 1 year high of $1,085.68. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $809.23 and a 200 day moving average of $763.39.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm’s revenue for the quarter was up 109.3% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts expect that Lumentum will post 6.42 earnings per share for the current fiscal year.

Insider Activity

In other Lumentum news, CFO Wajid Ali sold 2,487 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $2,372,473.65. Following the completion of the sale, the chief financial officer owned 60,951 shares of the company’s stock, valued at approximately $58,144,206.45. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Yuen Wupen sold 3,210 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the sale, the insider owned 81,488 shares in the company, valued at $77,735,477.60. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 23,827 shares of company stock valued at $22,051,069 over the last three months. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Lumentum

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC purchased a new position in Lumentum in the first quarter valued at about $25,000. Sachetta LLC boosted its stake in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Lumentum during the 2nd quarter worth approximately $40,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Lumentum in the 2nd quarter worth approximately $41,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Lumentum in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Quarterly results exceeded expectations: Lumentum reported adjusted EPS of $3.23 versus the $2.97 consensus estimate and revenue of approximately $1.01 billion versus expectations near $988 million. Revenue increased 109.3% year over year, while earnings rose sharply from $0.88 per share in the prior-year quarter. Lumentum Beats Q4 Estimates
• Positive Sentiment: AI demand is accelerating: Management indicated that data centers are increasingly shifting from copper to optical links, supporting Lumentum’s photonics products as AI infrastructure expands. The results have also sparked a broader rally among photonics and optical-networking stocks. Lumentum’s Upbeat Report Sparks Photonics Rally
• Positive Sentiment: Outlook was raised well above expectations: Fiscal first-quarter 2027 EPS guidance of $4.05-$4.35 exceeds the approximately $3.55 analyst consensus. Revenue guidance of roughly $1.23-$1.27 billion also points to continued momentum, with non-GAAP gross margin surpassing 50% ahead of schedule. Lumentum Q4 Results Feature Revenue Surge
• Positive Sentiment: Analyst support strengthened: Rosenblatt Securities reaffirmed its Buy rating and set a $1,300 price target, implying substantial upside from the referenced $820.59 price. Benzinga analyst note
• Neutral Sentiment: Valuation remains a consideration: After a dramatic rally over the past year, LITE trades at a very high earnings multiple, which leaves the stock sensitive to any slowdown in AI spending, guidance, or execution.
• Negative Sentiment: Profit-taking risk persists: Lumentum and other AI-optics stocks recently experienced sharp pullbacks ahead of earnings, highlighting elevated volatility even though the latest results renewed investor enthusiasm.

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.