Lumentum (NASDAQ:LITE) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays has raised its price target for Lumentum from $135.00 to $165.00, indicating a potential upside of 10.44% from the current stock price and maintaining an "overweight" rating.
• Several investment firms, including Citigroup and Wall Street Zen, have recently issued "buy" ratings on Lumentum, reflecting overall positive sentiment towards the company's stock.
• Lumentum reported a quarterly earnings per share (EPS) of $0.88, surpassing analysts' expectations and showing a 55.9% increase in revenue compared to the same quarter last year.

Lumentum (NASDAQ:LITE - Free Report) had its price objective raised by Barclays from $135.00 to $165.00 in a report issued on Tuesday morning, MarketBeat reports. The firm currently has an overweight rating on the technology company's stock.

Other research analysts have also issued research reports about the company. Bank of America upgraded Lumentum from an "underperform" rating to a "neutral" rating and raised their target price for the company from $78.00 to $135.00 in a report on Wednesday, August 13th. Needham & Company LLC restated a "buy" rating and issued a $145.00 target price (up previously from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. KGI Securities began coverage on Lumentum in a report on Monday, August 18th. They issued an "outperform" rating on the stock. Wall Street Zen upgraded Lumentum from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. Finally, B. Riley raised their target price on Lumentum from $73.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $128.00.

Lumentum Stock Down 1.1%

NASDAQ:LITE traded down $1.86 on Tuesday, hitting $163.02. The stock had a trading volume of 2,953,391 shares, compared to its average volume of 2,726,005. The business's fifty day moving average is $115.95 and its 200 day moving average is $85.84. The company has a market cap of $11.40 billion, a PE ratio of 708.78 and a beta of 1.42. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26. Lumentum has a 52 week low of $45.65 and a 52 week high of $168.01.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The business had revenue of $480.70 million for the quarter, compared to analyst estimates of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The company's quarterly revenue was up 55.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. On average, equities research analysts expect that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 3,281 shares of Lumentum stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $124.86, for a total transaction of $409,665.66. Following the sale, the insider directly owned 101,273 shares in the company, valued at approximately $12,644,946.78. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jae Kim sold 4,507 shares of Lumentum stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $116.88, for a total value of $526,778.16. Following the sale, the senior vice president owned 33,465 shares in the company, valued at $3,911,389.20. This trade represents a 11.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,687 shares of company stock valued at $8,398,352 in the last ninety days. 0.19% of the stock is owned by corporate insiders.

Institutional Trading of Lumentum

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Lumentum by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock worth $463,198,000 after buying an additional 47,811 shares during the last quarter. PointState Capital LP purchased a new stake in Lumentum in the first quarter worth $213,503,000. Hood River Capital Management LLC increased its position in Lumentum by 82.1% in the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company's stock worth $209,745,000 after buying an additional 994,551 shares during the last quarter. Atreides Management LP increased its position in Lumentum by 6.8% in the first quarter. Atreides Management LP now owns 1,875,257 shares of the technology company's stock worth $116,904,000 after buying an additional 119,938 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Lumentum by 1.1% in the first quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company's stock worth $107,913,000 after buying an additional 19,085 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.