Lumentum (NASDAQ:LITE) Rating Increased to Strong-Buy at B.Riley Securit

Lumentum (NASDAQ:LITE) was upgraded by equities researchers at B.Riley Securit from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently weighed in on LITE. B. Riley Securities raised Lumentum from a “neutral” rating to a “buy” rating and raised their price objective for the company from $147.00 to $526.00 in a research report on Wednesday. Barclays increased their price target on shares of Lumentum to $475.00 and gave the company an “equal weight” rating in a research report on Thursday. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Needham & Company LLC boosted their price objective on shares of Lumentum to $550.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and an average target price of $444.94.

Lumentum Stock Up 9.4%

Shares of LITE stock traded up $47.57 on Wednesday, hitting $551.99. The stock had a trading volume of 6,685,166 shares, compared to its average volume of 5,286,404. The company has a market cap of $39.14 billion, a PE ratio of 169.32 and a beta of 1.51. The business has a 50 day moving average price of $363.15 and a 200 day moving average price of $234.43. The company has a quick ratio of 1.02, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. Lumentum has a one year low of $45.65 and a one year high of $558.38.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The company had revenue of $665.50 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Research analysts anticipate that Lumentum will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In related news, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the completion of the sale, the director owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jae Kim sold 1,367 shares of Lumentum stock in a transaction on Monday, November 17th. The stock was sold at an average price of $234.14, for a total value of $320,069.38. Following the transaction, the senior vice president owned 38,570 shares in the company, valued at approximately $9,030,779.80. This represents a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 17,180 shares of company stock valued at $4,551,380. Company insiders own 0.43% of the company’s stock.

Institutional Trading of Lumentum

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Lumentum by 6.4% in the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after purchasing an additional 47 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Lumentum by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock valued at $5,208,000 after acquiring an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Lumentum by 0.4% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after purchasing an additional 64 shares during the last quarter. IFP Advisors Inc raised its position in shares of Lumentum by 9.6% during the 4th quarter. IFP Advisors Inc now owns 822 shares of the technology company’s stock worth $303,000 after acquiring an additional 72 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Lumentum by 58.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

About Lumentum

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.