Lumentum (NASDAQ:LITE) Insider Sells 500 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 500 shares of the company’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $920.00, for a total transaction of $460,000.00. Following the completion of the transaction, the insider directly owned 111,627 shares of the company’s stock, valued at $102,696,840. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yuen Wupen also recently made the following trade(s):

• On Wednesday, September 16th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $856.83, for a total value of $428,415.00.
• On Monday, September 14th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $862.14, for a total value of $431,070.00.
• On Thursday, September 10th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $961.44, for a total value of $480,720.00.
• On Tuesday, September 8th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $895.99, for a total transaction of $447,995.00.
• On Friday, September 4th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $860.00, for a total transaction of $430,000.00.
• On Wednesday, September 2nd, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $864.49, for a total value of $432,245.00.
• On Monday, August 31st, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $895.00, for a total value of $447,500.00.
• On Friday, August 28th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $940.95, for a total value of $470,475.00.
• On Wednesday, August 26th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $882.15, for a total value of $441,075.00.
• On Monday, August 24th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $824.24, for a total value of $412,120.00.

Lumentum Price Performance

Shares of LITE stock traded up $37.30 on Friday, reaching $930.91. The company’s stock had a trading volume of 9,242,854 shares, compared to its average volume of 5,576,608. The stock’s fifty day simple moving average is $840.78 and its 200-day simple moving average is $833.27. Lumentum Holdings Inc. has a 1 year low of $144.52 and a 1 year high of $1,085.68. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $83.50 billion, a price-to-earnings ratio of -11.32 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. During the same quarter last year, the business earned $0.88 earnings per share. Lumentum’s quarterly revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 19.78 earnings per share for the current fiscal year.

Institutional Trading of Lumentum

Large investors have recently modified their holdings of the company. Jupiter Topco LLC purchased a new position in Lumentum during the 2nd quarter worth $1,621,396,000. Norges Bank bought a new stake in shares of Lumentum in the fourth quarter valued at about $474,495,000. Situational Awareness LP lifted its stake in Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after acquiring an additional 880,800 shares during the period. Aspex Management HK Ltd purchased a new stake in shares of Lumentum in the 4th quarter worth approximately $251,363,000. Finally, WT Asset Management Ltd bought a new position in shares of Lumentum during the second quarter valued at approximately $494,688,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LITE. Citigroup reissued a “buy” rating on shares of Lumentum in a research report on Wednesday, August 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,036.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Needham & Company LLC reissued a “buy” rating and issued a $1,040.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley upped their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,053.83.

Lumentum Company Profile

Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.