Stifel Nicolaus Issues Positive Forecast for Lumentum (NASDAQ:LITE) Stock Price

Key Points

• Stifel Nicolaus raised Lumentum’s price target from $1,100 to $1,232 and maintained a “buy” rating, implying 13.5% upside from the prior close. Analysts overall give the stock a “Moderate Buy” consensus with an average target of $1,078.75.
• Lumentum reported quarterly adjusted earnings of $3.23 per share, beating estimates of $2.97, while revenue rose 109.3% year over year to $1.01 billion. The company guided for fiscal Q1 2027 earnings of $4.05–$4.35 per share.
• The stock opened at $1,085.42, near its 52-week high of $1,091.61, with institutional investors holding 94.05% of shares. Insiders have sold 94,496 shares worth approximately $86 million over the past 90 days.

Lumentum (NASDAQ:LITE - Get Free Report) had its price target upped by Stifel Nicolaus from $1,100.00 to $1,232.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Stifel Nicolaus' target price would suggest a potential upside of 13.50% from the company's previous close.

Several other research analysts have also recently commented on the company. Mizuho boosted their price target on Lumentum from $1,100.00 to $1,140.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Sanford C. Bernstein started coverage on Lumentum in a report on Wednesday, September 30th. They issued an "outperform" rating and a $1,220.00 price target on the stock. Wolfe Research restated an "outperform" rating on shares of Lumentum in a research note on Friday, August 21st. Raymond James Financial reissued an "outperform" rating and set a $1,036.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Finally, Bank of America cut their price objective on Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating for the company in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lumentum presently has an average rating of "Moderate Buy" and an average price target of $1,078.75.

Lumentum Stock Performance

NASDAQ:LITE opened at $1,085.42 on Monday. The stock has a market cap of $97.36 billion, a PE ratio of -13.20 and a beta of 1.53. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The firm's fifty day simple moving average is $881.39 and its 200-day simple moving average is $857.35. Lumentum has a fifty-two week low of $147.81 and a fifty-two week high of $1,091.61.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business's revenue for the quarter was up 109.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts expect that Lumentum will post 19.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lumentum news, CEO Michael E. Hurlston sold 548 shares of Lumentum stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $958.66, for a total value of $525,345.68. Following the sale, the chief executive officer directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jae Kim sold 12,000 shares of Lumentum stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the completion of the transaction, the senior vice president directly owned 37,804 shares of the company's stock, valued at approximately $32,230,934.32. This trade represents a 24.09% 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. Insiders have sold 94,496 shares of company stock valued at $85,978,498 over the last 90 days. Corporate insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On Lumentum

A number of institutional investors have recently modified their holdings of LITE. Hilton Head Capital Partners LLC acquired a new stake in shares of Lumentum during the 1st quarter worth approximately $25,000. Sachetta LLC increased its position in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after acquiring an additional 19 shares during the period. Burkett Financial Services LLC bought a new position in Lumentum during the 3rd quarter worth $28,000. Harbour Investments Inc. lifted its stake in shares of Lumentum by 675.0% in the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company's stock worth $34,000 after acquiring an additional 81 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Lumentum in the 2nd quarter valued at $40,000. Institutional investors own 94.05% of the company's stock.

About Lumentum

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

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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