Lumentum Holdings Inc. (NASDAQ:LITE) COO Vincent Retort sold 1,578 shares of Lumentum Holdings stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $40.45, for a total value of $63,830.10. Following the transaction, the chief operating officer now directly owns 67,920 shares in the company, valued at $2,747,364. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Vincent Retort also recently made the following trade(s):

  • On Wednesday, September 28th, Vincent Retort sold 4,643 shares of Lumentum Holdings stock. The stock was sold at an average price of $41.84, for a total value of $194,263.12.
  • On Tuesday, August 23rd, Vincent Retort sold 1,523 shares of Lumentum Holdings stock. The stock was sold at an average price of $33.96, for a total value of $51,721.08.

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) opened at 41.55 on Friday. Lumentum Holdings Inc. has a 12 month low of $18.10 and a 12 month high of $45.25. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 769.44 and a beta of 0.63. The company has a 50-day moving average price of $39.49 and a 200-day moving average price of $31.80.

Lumentum Holdings (NASDAQ:LITE) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.05. Lumentum Holdings had a return on equity of 15.22% and a net margin of 0.62%. The firm had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $251.95 million. During the same period last year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, equities analysts anticipate that Lumentum Holdings Inc. will post $2.01 EPS for the current year.

Insider Buying and Selling by Quarter for Lumentum Holdings (NASDAQ:LITE)

Several hedge funds and other institutional investors have recently made changes to their positions in LITE. PineBridge Investments L.P. boosted its position in shares of Lumentum Holdings by 4.1% in the second quarter. PineBridge Investments L.P. now owns 6,015 shares of the company’s stock worth $146,000 after buying an additional 239 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Lumentum Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,581 shares of the company’s stock worth $159,000 after buying an additional 799 shares during the period. Pacad Investment Ltd. bought a new position in shares of Lumentum Holdings during the second quarter worth about $160,000. BlackRock Inc. boosted its position in shares of Lumentum Holdings by 11.2% in the third quarter. BlackRock Inc. now owns 4,749 shares of the company’s stock worth $198,000 after buying an additional 479 shares during the period. Finally, ProShare Advisors LLC bought a new position in shares of Lumentum Holdings during the second quarter worth about $214,000. 79.87% of the stock is currently owned by hedge funds and other institutional investors.

LITE has been the topic of several recent research reports. Needham & Company LLC raised Lumentum Holdings from a “buy” rating to a “strong-buy” rating and lifted their target price for the stock from $35.00 to $40.00 in a report on Monday, July 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Lumentum Holdings in a report on Monday, August 8th. B. Riley reissued a “buy” rating and issued a $41.50 price objective on shares of Lumentum Holdings in a research note on Wednesday, August 10th. Stifel Nicolaus boosted their price objective on Lumentum Holdings from $31.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, Jefferies Group boosted their price objective on Lumentum Holdings from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $41.40.

Lumentum Holdings Company Profile

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

5 Day Chart for NASDAQ:LITE

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