Jae Kim Sells 1,933 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) SVP Jae Kim sold 1,933 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $950.99, for a total value of $1,838,263.67. Following the sale, the senior vice president owned 35,114 shares of the company’s stock, valued at approximately $33,393,062.86. The trade was a 5.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lumentum Trading Up 3.8%

LITE stock opened at $1,030.10 on Thursday. The company has a market cap of $80.14 billion, a P/E ratio of 190.76 and a beta of 1.53. Lumentum Holdings Inc. has a twelve month low of $71.04 and a twelve month high of $1,085.68. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $798.01 and a 200-day moving average of $526.37.

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

Analysts Set New Price Targets

LITE has been the subject of a number of recent research reports. BNP Paribas Exane boosted their target price on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. UBS Group boosted their target price on Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Citigroup boosted their target price on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Craig Hallum boosted their target price on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Finally, Zacks Research downgraded Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and an average target price of $1,012.43.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, a major catalyst that can trigger buying from index funds and other benchmark-tracking investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Recent earnings momentum remains strong, with Lumentum beating estimates and issuing upbeat guidance tied to AI and cloud data center demand. Lumentum Stock Rises 6% After Q3 Earnings: Should You Hold or Fold?
• Positive Sentiment: Wall Street continues to raise expectations: Northland Securities boosted future EPS estimates, and Citic Securities reportedly lifted its price target to $1,186, reinforcing the bull case for further growth. Lumentum (NASDAQ:LITE) Given New $1,186.00 Price Target at Citic Securities
• Neutral Sentiment: Several recent pieces note that Lumentum’s share price has already had a huge run, so some investors are now debating whether the stock is getting stretched after the rally.
• Neutral Sentiment: Commentary also points to potential supply constraints and a premium valuation, which may limit near-term upside even though demand remains very strong.
• Negative Sentiment: Insider selling by executives and directors may create some caution, though the sales were disclosed as part of pre-arranged trading plans and do not necessarily signal a change in fundamentals. Lumentum (NASDAQ:LITE) SVP Sells $1,838,263.67 in Stock

Institutional Investors Weigh In On Lumentum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CI Investments Inc. bought a new stake in Lumentum in the first quarter valued at about $35,490,000. Westpac Banking Corp bought a new stake in Lumentum in the first quarter valued at about $3,292,000. Telligent Fund LP bought a new stake in Lumentum in the first quarter valued at about $1,687,000. Temasek Holdings Private Ltd bought a new stake in Lumentum in the first quarter valued at about $18,220,000. Finally, ABN Amro Investment Solutions bought a new stake in Lumentum in the first quarter valued at about $2,566,000. Institutional investors own 94.05% of the company’s stock.

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.