Lumentum (NASDAQ:LITE) Director Penny Herscher Sells 4,000 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) Director Penny Herscher sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the sale, the director owned 2,057 shares in the company, valued at $1,228,625.53. The trade was a 66.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Penny Herscher also recently made the following trade(s):

• On Friday, February 6th, Penny Herscher sold 4,849 shares of Lumentum stock. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52.

Lumentum Stock Performance

LITE traded down $20.72 during trading on Friday, reaching $562.74. The company’s stock had a trading volume of 4,954,174 shares, compared to its average volume of 5,229,054. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $603.83. The company’s fifty day moving average price is $393.19 and its 200-day moving average price is $253.80. The company has a market capitalization of $40.18 billion, a price-to-earnings ratio of 172.62 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same period last year, the company posted $0.42 EPS. The company’s revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Lumentum during the 4th quarter valued at $28,000. Triumph Capital Management bought a new stake in shares of Lumentum during the fourth quarter worth about $30,000. Danske Bank A S acquired a new position in Lumentum in the 3rd quarter valued at approximately $33,000. Finally, Harbour Investments Inc. raised its position in Lumentum by 675.0% during the 4th quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on LITE shares. Morgan Stanley upped their target price on shares of Lumentum to $350.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $526.00 in a report on Wednesday, February 4th. Wolfe Research reissued an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, UBS Group raised their target price on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus target price of $444.94.

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.