JPMorgan Chase & Co. Issues Positive Forecast for Lumentum (NASDAQ:LITE) Stock Price

Key Points

• JPMorgan Chase & Co. raised its target price for Lumentum (NASDAQ:LITE) from $145.00 to $185.00, indicating an 18.16% potential upside from the current stock price.
• Lumentum reported a quarterly earnings per share of $0.88, exceeding analysts' expectations by $0.09, with year-over-year revenue growth of 55.9%.
• Analysts have a consensus rating of "Moderate Buy" for Lumentum, with most ratings being either "Buy" or "Strong Buy" from various firms.

Lumentum (NASDAQ:LITE - Get Free Report) had its target price increased by equities researchers at JPMorgan Chase & Co. from $145.00 to $185.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target points to a potential upside of 18.16% from the company's current price.

LITE has been the subject of several other reports. B. Riley upped their target price on Lumentum from $73.00 to $83.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Raymond James Financial upped their target price on Lumentum from $125.00 to $145.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, August 13th. Citigroup assumed coverage on Lumentum in a research note on Friday, August 29th. They set a "buy" rating and a $165.00 target price for the company. Wolfe Research assumed coverage on Lumentum in a research note on Tuesday, August 12th. They set an "outperform" rating for the company. Finally, Barclays upped their target price on Lumentum from $135.00 to $165.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $139.43.

Lumentum Stock Down 0.1%

NASDAQ LITE opened at $156.57 on Thursday. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. Lumentum has a 1-year low of $45.65 and a 1-year high of $178.49. The company has a 50 day moving average of $145.37 and a 200-day moving average of $101.81. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 680.74 and a beta of 1.42.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The company had revenue of $480.70 million during the quarter, compared to the consensus estimate of $465.27 million. During the same period in the previous year, the business earned $0.06 earnings per share. The firm's quarterly revenue was up 55.9% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $119.06, for a total value of $148,825.00. Following the completion of the sale, the director directly owned 22,037 shares in the company, valued at $2,623,725.22. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yuen Wupen sold 3,281 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $124.86, for a total value of $409,665.66. Following the completion of the sale, the insider owned 101,273 shares of the company's stock, valued at $12,644,946.78. The trade was a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,687 shares of company stock valued at $4,759,552 over the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Lumentum

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

About Lumentum

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.

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