Lumentum (NASDAQ:LITE) Insider Sells $447,500.00 in Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 500 shares of Lumentum stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $895.00, for a total transaction of $447,500.00. Following the transaction, the insider owned 118,127 shares of the company’s stock, valued at $105,723,665. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 28th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was 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.
• On Friday, August 21st, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $898.15, for a total value of $449,075.00.
• On Thursday, August 20th, Yuen Wupen sold 1,500 shares of Lumentum stock. The stock was sold at an average price of $827.82, for a total value of $1,241,730.00.

Lumentum Trading Down 2.7%

NASDAQ LITE opened at $847.37 on Friday. Lumentum Holdings Inc. has a 12 month low of $133.91 and a 12 month 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 stock’s fifty day moving average price is $813.36 and its 200-day moving average price is $815.28. The stock has a market cap of $76.01 billion, a P/E ratio of -10.31 and a beta of 1.53.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Evercore initiated coverage on shares of Lumentum in a research note on Monday. They issued an “outperform” rating and a $1,100.00 target price on the stock. Mizuho boosted their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,040.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and set a $1,036.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Finally, Wolfe Research reissued an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,053.83.

Institutional Trading of Lumentum

A number of large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its position in Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after purchasing an additional 254 shares during the period. NewEdge Advisors LLC grew its position in Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the period. Empowered Funds LLC raised its stake in Lumentum by 9.1% during the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after buying an additional 680 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Lumentum during the 2nd quarter valued at $298,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Lumentum during the 2nd quarter valued at $1,712,000. 94.05% of the stock is currently owned by institutional investors.

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.