Lumentum (NASDAQ:LITE) Given New $645.00 Price Target at Mizuho

Lumentum (NASDAQ:LITE) had its price objective boosted by stock analysts at Mizuho from $525.00 to $645.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Mizuho’s price target suggests a potential upside of 14.62% from the company’s previous close.

Several other research firms also recently issued reports on LITE. B. Riley Securities raised Lumentum from a “neutral” rating to a “buy” rating and upped their price objective for the company from $147.00 to $526.00 in a research note on Wednesday, February 4th. Susquehanna boosted their target price on shares of Lumentum to $550.00 and gave the company a “positive” rating in a research report on Wednesday, February 4th. UBS Group increased their target price on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Wolfe Research restated an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a report on Wednesday, November 5th. Finally, Morgan Stanley upped their target price on shares of Lumentum to $350.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $452.00.

Lumentum Stock Performance

Shares of NASDAQ LITE opened at $562.74 on Tuesday. Lumentum has a one year low of $45.65 and a one year high of $603.83. The firm has a market cap of $40.18 billion, a price-to-earnings ratio of 172.62 and a beta of 1.51. The stock’s fifty day moving average price is $397.59 and its two-hundred day moving average price is $259.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45.

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 the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.Lumentum’s quarterly revenue was up 65.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts forecast that Lumentum will post 0.03 EPS for the current year.

Insiders Place Their Bets

In related news, Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the transaction, the director directly owned 10,561 shares in the company, valued at approximately $2,888,750.33. This represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the completion of the transaction, the insider directly owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. This represents a 30.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,118 shares of company stock valued at $32,759,088 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC lifted its stake in Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after purchasing an additional 57 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum in the 4th quarter valued at $28,000. Triumph Capital Management purchased a new position in Lumentum in the 4th quarter worth $30,000. Harbour Investments Inc. boosted its position in Lumentum by 675.0% during the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock valued at $34,000 after buying an additional 81 shares during the period. Finally, Chesapeake Asset Management LLC bought a new stake in shares of Lumentum in the 4th quarter valued at about $37,000. Institutional investors own 94.05% of the company’s stock.

About Lumentum

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.