Lumentum (NASDAQ: LITE) has recently received a number of price target changes and ratings updates:
- 7/17/2026 – Lumentum had its “hold (c)” rating reaffirmed by Weiss Ratings.
- 7/16/2026 – Lumentum had its “buy” rating reaffirmed by Citigroup Inc..
- 7/13/2026 – Lumentum had its price target lowered by TD Cowen from $995.00 to $800.00. They now have a “hold” rating on the stock.
- 7/6/2026 – Lumentum was downgraded by Zacks Research from “strong-buy” to “hold”.
- 6/9/2026 – Lumentum had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $1,040.00 price target on the stock.
- 6/3/2026 – Lumentum had its price target raised by Northland Securities from $1,000.00 to $1,200.00. They now have an “outperform” rating on the stock.
Insiders Place Their Bets
In other Lumentum news, SVP Jae Kim sold 1,422 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $1,356,516.90. Following the completion of the sale, the senior vice president owned 32,333 shares of the company’s stock, valued at $30,844,065.35. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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, Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the sale, the director owned 6,984 shares of the company’s stock, valued at approximately $6,984,558.72. The trade was a 16.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is currently owned by insiders.
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.
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