Rosenblatt Securities Issues Positive Forecast for Lumentum (NASDAQ:LITE) Stock Price

Lumentum (NASDAQ:LITE) had its price target raised by Rosenblatt Securities to $580.00 in a research report sent to investors on Wednesday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC upped their price target on Lumentum to $550.00 and gave the stock a “buy” rating in a report on Wednesday. Northland Securities set a $350.00 price objective on Lumentum in a research report on Wednesday, December 3rd. Mizuho set a $455.00 target price on shares of Lumentum in a report on Friday, January 9th. Wolfe Research reiterated an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a research note on Wednesday, November 5th. Finally, Susquehanna boosted their price target on shares of Lumentum from $230.00 to $420.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus target price of $409.25.

Lumentum Stock Up 6.9%

Shares of LITE opened at $465.04 on Wednesday. The company’s 50-day simple moving average is $359.23 and its 200-day simple moving average is $232.54. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. Lumentum has a 1 year low of $45.65 and a 1 year high of $504.58. The stock has a market capitalization of $32.97 billion, a PE ratio of 142.65 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 16.88%. The company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. During the same period in the prior year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts forecast that Lumentum will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Isaac Hosojiro Harris sold 7,200 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the sale, the director directly owned 9,764 shares of the company’s stock, valued at $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $270.39, for a total value of $2,703,900.00. Following the sale, the director owned 12,037 shares in the company, valued at $3,254,684.43. This trade represents a 45.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,612 shares of company stock worth $7,317,398 over the last three months. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

A number of hedge funds have recently modified their holdings of LITE. Allworth Financial LP lifted its stake in Lumentum by 6.4% during the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after purchasing an additional 47 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Lumentum by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock worth $5,208,000 after purchasing an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Lumentum by 0.4% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after buying an additional 64 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Lumentum by 58.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after buying an additional 76 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Lumentum in the 4th quarter valued at about $28,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results materially beat expectations — EPS $1.67 vs. $1.41 est and revenue $665.5M (up ~65.5% Y/Y); management highlighted strong components and systems demand and big margin gains. Lumentum Announces Second Quarter of Fiscal Year 2026 Financial Results
• Positive Sentiment: Company issued above-consensus Q3 guidance (EPS 2.15–2.35; revenue guidance implying >$805M in some analyst write-ups), citing accelerating AI-related demand — a clear catalyst for near-term revenue and margin upside. Lumentum expects Q3 2026 revenue to surpass $805M as AI demand accelerates
• Positive Sentiment: Analysts quickly raised targets and ratings after the print — multiple firms (Mizuho, Rosenblatt, Stifel, BofA) lifted price targets and some issued buy/outperform calls, supporting further upside. Lumentum Analysts Increase Their Forecasts Following Better-Than-Expected Q2 Results
• Positive Sentiment: Zacks upgraded Lumentum to a Rank #1 (Strong Buy), adding to institutional and retail interest. Lumentum (LITE) Moves to Strong Buy: Rationale Behind the Upgrade
• Neutral Sentiment: Full earnings call transcript and slide deck are available for investors digging into segment-level detail and management commentary. Q2 Slide Deck / Press Release
• Negative Sentiment: Some caution remains — a few shops (e.g., BofA) kept neutral ratings despite higher targets, and valuation is rich (P/E >300 on trailing numbers), which could temper gains if growth or execution slips. Analyst Price Target Coverage

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.