Lumentum (NASDAQ:LITE) Given New $190.00 Price Target at Susquehanna

Key Points

• Lumentum's price target has been raised by Susquehanna from $140.00 to $190.00, indicating a potential upside of 14.97% based on its current stock price.
• Despite the positive outlook from Susquehanna, the average analyst rating for Lumentum is classified as a "Moderate Buy" with a consensus target price of $144.07.
• The company reported a significant year-over-year revenue increase of 55.9% for the last quarter, surpassing analyst estimates with earnings per share of $0.88.

Lumentum (NASDAQ:LITE - Get Free Report) had its price target boosted by equities research analysts at Susquehanna from $140.00 to $190.00 in a research report issued on Wednesday, Marketbeat reports. The firm presently has a "positive" rating on the technology company's stock. Susquehanna's target price suggests a potential upside of 14.97% from the company's current price.

A number of other analysts also recently commented on the company. Barclays reaffirmed an "equal weight" rating and set a $165.00 price target on shares of Lumentum in a research report on Monday. KGI Securities started coverage on Lumentum in a research report on Monday, August 18th. They set an "outperform" rating for the company. Rosenblatt Securities increased their price target on Lumentum from $150.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Raymond James Financial lifted their price target on shares of Lumentum from $125.00 to $145.00 and gave the stock a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $145.00 price target (up previously from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $144.07.

Lumentum Stock Up 1.4%

LITE stock traded up $2.32 during mid-day trading on Wednesday, reaching $165.27. 115,615 shares of the company traded hands, compared to its average volume of 2,757,891. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 716.57 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 fifty-two week low of $45.65 and a fifty-two week high of $178.49. The firm's 50 day moving average price is $149.16 and its 200 day moving average price is $105.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The business had revenue of $480.70 million during the quarter, compared to the consensus estimate of $465.27 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company'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. As a group, equities research analysts predict that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Activity

In other news, Director Julia Suzanne Johnson sold 1,250 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the completion of the transaction, the director directly owned 22,037 shares in the company, valued at $2,623,725.22. The trade was a 5.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Wajid Ali sold 2,526 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the transaction, the chief financial officer owned 77,087 shares of the company's stock, valued at $9,588,851.93. This trade represents a 3.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,158 shares of company stock worth $4,706,087. Company insiders own 0.43% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Gateway Investment Advisers LLC grew its position in shares of Lumentum by 86.3% during the 3rd quarter. Gateway Investment Advisers LLC now owns 9,575 shares of the technology company's stock valued at $1,558,000 after purchasing an additional 4,435 shares in the last quarter. Ariose Capital Management Ltd purchased a new position in Lumentum in the third quarter worth $15,882,000. Global Retirement Partners LLC grew its position in Lumentum by 651.4% in the third quarter. Global Retirement Partners LLC now owns 2,209 shares of the technology company's stock worth $359,000 after acquiring an additional 1,915 shares in the last quarter. Altfest L J & Co. Inc. purchased a new position in Lumentum in the third quarter worth $606,000. Finally, Braun Stacey Associates Inc. purchased a new position in Lumentum in the third quarter worth $15,125,000. 94.05% of the stock is currently 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.

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