Lumentum Holdings Inc. (NASDAQ:LITE) Director Martin A. Kaplan sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $57.07, for a total transaction of $856,050.00. Following the sale, the director now directly owns 29,573 shares in the company, valued at approximately $1,687,731.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Lumentum Holdings Inc. (NASDAQ LITE) opened at $55.80 on Wednesday. Lumentum Holdings Inc. has a one year low of $34.15 and a one year high of $68.63. The stock has a market cap of $3,574.30, a price-to-earnings ratio of 40.31, a P/E/G ratio of 1.05 and a beta of 1.03. The company has a quick ratio of 4.38, a current ratio of 5.21 and a debt-to-equity ratio of 0.50.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/11/15/martin-a-kaplan-sells-15000-shares-of-lumentum-holdings-inc-lite-stock.html.

A number of equities research analysts have recently commented on LITE shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price objective on shares of Lumentum Holdings in a research note on Thursday, September 7th. Zacks Investment Research cut shares of Lumentum Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Rosenblatt Securities set a $75.00 price objective on shares of Lumentum Holdings and gave the stock a “buy” rating in a research note on Tuesday, October 24th. BidaskClub raised shares of Lumentum Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and set a $80.00 price objective on shares of Lumentum Holdings in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $68.06.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Lumentum Holdings by 7.0% in the 2nd quarter. BlackRock Inc. now owns 6,889,157 shares of the technology company’s stock valued at $393,025,000 after acquiring an additional 448,077 shares during the period. Vanguard Group Inc. lifted its holdings in Lumentum Holdings by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,330,153 shares of the technology company’s stock valued at $304,085,000 after purchasing an additional 122,150 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Lumentum Holdings by 71.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,662,272 shares of the technology company’s stock valued at $151,883,000 after purchasing an additional 1,107,107 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Lumentum Holdings by 14.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,102,853 shares of the technology company’s stock valued at $119,968,000 after purchasing an additional 265,723 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in Lumentum Holdings by 23.4% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,099,760 shares of the technology company’s stock valued at $119,791,000 after purchasing an additional 397,622 shares in the last quarter. 95.69% of the stock is currently owned by hedge funds and other institutional investors.

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).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.