Lumentum (NASDAQ:LITE) Insider Sells $3,062,179.50 in Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 3,210 shares of Lumentum stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,062,179.50. Following the completion of the transaction, the insider owned 81,488 shares of the company’s stock, valued at approximately $77,735,477.60. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lumentum Price Performance

Shares of Lumentum stock opened at $964.50 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a twelve month low of $71.04 and a twelve month high of $1,085.68. The business has a 50-day moving average price of $831.67 and a 200 day moving average price of $557.30. The firm has a market cap of $75.04 billion, a PE ratio of 178.61 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. During the same quarter in the previous year, the business earned $0.57 EPS. Lumentum’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LITE. Bank of America increased their target price on Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Raymond James Financial reiterated an “outperform” rating and set a $1,014.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Barclays boosted their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Finally, TD Cowen raised their target price on Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and an average price target of $1,012.43.

Hedge Funds Weigh In On Lumentum

Institutional investors have recently bought and sold shares of the company. Sachetta LLC grew its position in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Lumentum in the first quarter worth approximately $25,000. Abel Hall LLC grew its position in Lumentum by 5.5% in the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock worth $487,000 after acquiring an additional 36 shares during the period. Checchi Capital Advisers LLC grew its position in Lumentum by 5.1% in the first quarter. Checchi Capital Advisers LLC now owns 790 shares of the technology company’s stock worth $555,000 after acquiring an additional 38 shares during the period. Finally, 180 Wealth Advisors LLC grew its position in Lumentum by 2.9% in the first quarter. 180 Wealth Advisors LLC now owns 1,553 shares of the technology company’s stock worth $1,092,000 after acquiring an additional 44 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, which can trigger buying from index funds and ETFs while increasing visibility with institutional investors.
• Positive Sentiment: Broker-rating upgrades and bullish commentary have reinforced the view that AI infrastructure demand remains a major long-term tailwind for LITE.
• Positive Sentiment: Zacks and other momentum-focused coverage placed Lumentum on strong-buy and top momentum lists, signaling continued Wall Street enthusiasm.
• Positive Sentiment: REX Shares launched a leveraged 2x long LITE ETF, which can add trading interest and speculative demand for the shares.
• Neutral Sentiment: Several insider sales were disclosed, but they were pre-planned 10b5-1 transactions tied to equity vesting and tax withholding, making them less concerning from a fundamental standpoint.
• Neutral Sentiment: Recent articles also noted Lumentum’s strong earnings growth and raised guidance, which support the bull case but were already well known from the company’s latest quarterly report.
• Negative Sentiment: Some investors may still be taking profits after Lumentum’s sharp run-up, and that has weighed on sentiment in parts of the AI optics sector.

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.