Lumentum Holdings Inc. (NASDAQ:LITE) COO Vincent Retort sold 620 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $40.50, for a total value of $25,110.00. Following the completion of the sale, the chief operating officer now owns 66,445 shares in the company, valued at $2,691,022.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, November 17th, Vincent Retort sold 1,578 shares of Lumentum Holdings stock. The shares were sold at an average price of $40.45, for a total value of $63,830.10.
  • On Wednesday, September 28th, Vincent Retort sold 4,643 shares of Lumentum Holdings stock. The shares were sold at an average price of $41.84, for a total value of $194,263.12.

Lumentum Holdings Inc. (NASDAQ:LITE) traded up 1.48% during trading on Tuesday, reaching $41.10. The company’s stock had a trading volume of 752,408 shares. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 761.11 and a beta of 0.63. Lumentum Holdings Inc. has a 52-week low of $18.10 and a 52-week high of $45.25. The firm has a 50 day moving average price of $39.47 and a 200-day moving average price of $32.24.

Lumentum Holdings (NASDAQ:LITE) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $258.10 million for the quarter, compared to analyst estimates of $251.95 million. During the same quarter last year, the company posted $0.26 EPS. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, analysts expect that Lumentum Holdings Inc. will post $2.01 earnings per share for the current year.

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

Several institutional investors have recently modified their holdings of LITE. Gilder Gagnon Howe & Co. LLC raised its position in shares of Lumentum Holdings by 110,915.0% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,070,429 shares of the company’s stock valued at $86,482,000 after buying an additional 2,068,564 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Lumentum Holdings by 69,766.5% in the third quarter. Victory Capital Management Inc. now owns 1,429,469 shares of the company’s stock valued at $59,709,000 after buying an additional 1,427,423 shares during the last quarter. RS Investment Management Co. LLC raised its position in shares of Lumentum Holdings by 1,548.6% in the second quarter. RS Investment Management Co. LLC now owns 1,395,702 shares of the company’s stock valued at $33,776,000 after buying an additional 1,311,042 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Lumentum Holdings by 50.7% in the second quarter. Teachers Advisors Inc. now owns 2,734,615 shares of the company’s stock valued at $66,178,000 after buying an additional 919,821 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Lumentum Holdings by 38.7% in the second quarter. BlackRock Fund Advisors now owns 3,204,522 shares of the company’s stock valued at $77,549,000 after buying an additional 893,643 shares during the last quarter. Institutional investors own 79.33% of the company’s stock.

Several brokerages have recently commented on LITE. B. Riley restated a “buy” rating and set a $51.75 target price on shares of Lumentum Holdings in a report on Wednesday, November 2nd. Needham & Company LLC increased their target price on Lumentum Holdings from $50.00 to $56.00 and gave the stock a “strong-buy” rating in a report on Monday, October 31st. Stifel Nicolaus increased their target price on Lumentum Holdings from $31.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. JPMorgan Chase & Co. restated a “buy” rating on shares of Lumentum Holdings in a report on Monday, August 8th. Finally, Barclays PLC increased their target price on Lumentum Holdings from $23.00 to $30.00 and gave the stock an “underweight” rating in a report on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.40.

ILLEGAL ACTIVITY NOTICE: “Lumentum Holdings Inc. (LITE) COO Vincent Retort Sells 620 Shares” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2016/11/22/lumentum-holdings-inc-lite-coo-vincent-retort-sells-620-shares.html.

About Lumentum Holdings

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

Receive News & Stock Ratings for Lumentum Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumentum Holdings Inc. and related stocks with our FREE daily email newsletter.