Lumentum (NASDAQ:LITE) Insider Sells $449,075.00 in Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $898.15, for a total transaction of $449,075.00. Following the completion of the sale, the insider directly owned 93,229 shares in the company, valued at approximately $83,733,626.35. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.

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

• 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 transaction of $1,241,730.00.

Lumentum Price Performance

Shares of LITE stock traded down $12.57 on Friday, reaching $866.71. The company’s stock had a trading volume of 3,660,169 shares, compared to its average volume of 5,335,184. The company has a market capitalization of $77.74 billion, a P/E ratio of -10.54 and a beta of 1.50. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $809.76 and its 200-day simple moving average is $790.21. Lumentum Holdings Inc. has a 12-month low of $115.89 and a 12-month high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its 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. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the business earned $0.88 earnings per share. The firm’s quarterly revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities analysts predict that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
• Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
• Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
• Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
• Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Institutional Investors Weigh In On Lumentum

A number of hedge funds have recently modified their holdings of LITE. Hilton Head Capital Partners LLC purchased a new position in Lumentum during the first quarter valued at approximately $25,000. Sachetta LLC boosted its stake in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Lumentum during the 2nd quarter valued at approximately $40,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Lumentum in the 2nd quarter worth $41,000. Finally, Fiduciary Financial Advisors purchased a new position in Lumentum in the second quarter worth about $42,000. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. TD Cowen lifted their price target on shares of Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price target on Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Bank of America reduced their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $1,200.00 price target on shares of Lumentum in a research note on Wednesday, May 6th. Finally, Citic Securities raised their price objective on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,044.67.

About Lumentum

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.