Lumentum (NASDAQ:LITE) Director Sells $935,746.13 in Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Pamela Fletcher sold 3,421 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 10,561 shares in the company, valued at $2,888,750.33. The trade was a 24.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Pamela Fletcher also recently made the following trade(s):

• On Monday, November 17th, Pamela Fletcher sold 579 shares of Lumentum stock. The shares were sold at an average price of $250.00, for a total transaction of $144,750.00.

Lumentum Stock Up 9.6%

Shares of LITE stock traded up $22.35 during trading on Friday, reaching $255.59. The company’s stock had a trading volume of 7,703,637 shares, compared to its average volume of 3,037,332. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $282.66. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 171.54 and a beta of 1.48. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The stock’s 50-day moving average price is $187.70 and its 200 day moving average price is $130.09.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. During the same period last year, the firm earned $0.18 earnings per share. Lumentum’s quarterly revenue was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, research analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Institutional Trading of Lumentum

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Lumentum by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after purchasing an additional 41,975 shares during the period. PointState Capital LP purchased a new position in Lumentum in the first quarter valued at about $213,503,000. Hood River Capital Management LLC raised its position in Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after acquiring an additional 994,551 shares in the last quarter. Atreides Management LP lifted its stake in shares of Lumentum by 6.8% in the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock valued at $116,904,000 after purchasing an additional 119,938 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Lumentum by 1.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock valued at $107,913,000 after acquiring an additional 19,085 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the topic of a number of recent analyst reports. Zacks Research lowered Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. upped their target price on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Rosenblatt Securities raised their target price on shares of Lumentum to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Barclays lifted their price objective on Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Finally, KGI Securities began coverage on Lumentum in a research note on Monday, August 18th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $196.88.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.