Lumentum (NASDAQ: LITE) recently received a number of ratings updates from brokerages and research firms:
- 10/12/2026 – Lumentum was downgraded by Zacks Research from “strong-buy” to “hold”.
- 10/5/2026 – Lumentum had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $1,300.00 price target on the stock.
- 10/5/2026 – Lumentum had its price target raised by Stifel Nicolaus from $1,100.00 to $1,232.00. They now have a “buy” rating on the stock.
- 9/30/2026 – Lumentum is now covered by Sanford C. Bernstein. They set an “outperform” rating and a $1,220.00 price target on the stock.
- 9/28/2026 – Lumentum had its price target raised by Citigroup Inc. from $1,200.00 to $1,400.00. They now have a “buy” rating on the stock.
- 9/23/2026 – Lumentum had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $1,300.00 price target on the stock.
- 8/31/2026 – Lumentum is now covered by Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $1,200.00 price target on the stock.
- 8/31/2026 – Lumentum is now covered by Evercore Inc. They set an “outperform” rating and a $1,100.00 price target on the stock.
- 8/31/2026 – Lumentum is now covered by Evercore Inc. They set an “outperform” rating and a $1,100.00 price target on the stock.
- 8/31/2026 – Lumentum is now covered by Evercore Inc. They set an “outperform” rating and a $1,100.00 price target on the stock.
- 8/21/2026 – Lumentum had its “outperform” rating reaffirmed by Wolfe Research.
- 8/20/2026 – Lumentum was upgraded by Zacks Research from “hold” to “strong-buy”.
- 8/19/2026 – Lumentum was downgraded by Weiss Ratings from “hold (c-)” to “sell (d-)”.
Insiders Place Their Bets
In other news, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the transaction, the chief financial officer owned 75,074 shares in the company, valued at $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total value of $290,115.00. Following the completion of the transaction, the insider directly owned 108,320 shares of the company’s stock, valued at approximately $102,362,400. This trade represents a 0.28% decrease in their position. 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. In the last three months, insiders sold 94,496 shares of company stock valued at $85,978,498. Corporate insiders own 0.28% of the company’s stock.
The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.
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