Lumentum stock: Marvell talks and StoneX target shape busy week

Published on 10/31/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lumentum stock faced two major catalysts as Marvell reportedly weighed an acquisition and StoneX began coverage. No deal has been confirmed.

Key developments for investors

Reuters reported advanced but unconfirmed Marvell talks to acquire Lumentum.
StoneX began coverage with a Buy rating and a 1,200-dollar price target.
The potential transaction remains private, with no agreed terms reported.

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Lumentum entered the week with two investor-relevant developments: StoneX initiated coverage with a Buy rating, while Marvell Technology was reported to be in advanced talks to acquire the optical-components maker.

Marvell talks remain unresolved

On Wednesday, October 28, Bloomberg reported that Marvell was in advanced discussions to buy Lumentum, according to Reuters. The report said an agreement could be announced as soon as the following week, but the talks were private and could still end without a transaction.

Reuters said the potential combination would bring together Marvell's data-center semiconductor business and Lumentum's optical components used in communications networks and data centers. No purchase price, exchange ratio or final agreement was reported.

StoneX starts coverage

On Monday, October 26, StoneX began coverage of Lumentum with a Buy rating and a 1,200-dollar price target. 24/7 Wall St. reported that the initiation coincided with an 8 percent rise in Lumentum shares during afternoon trading. The target adds a fresh analyst benchmark as investors assess demand for optical infrastructure.

The real-time quote of Lumentum stock was 753.10 euros on Lang & Schwarz at 10:27 Berlin time on Saturday, October 31, 2026.