Lumentum (NASDAQ:LITE) Insider Yuen Wupen Sells 109 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 109 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $113.61, for a total transaction of $12,383.49. Following the sale, the insider owned 76,668 shares of the company’s stock, valued at $8,710,251.48. This represents a 0.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, August 18th, Yuen Wupen sold 109 shares of Lumentum stock. The stock was sold at an average price of $116.45, for a total transaction of $12,693.05.
• On Wednesday, August 6th, Yuen Wupen sold 241 shares of Lumentum stock. The shares were sold at an average price of $108.34, for a total transaction of $26,109.94.
• On Wednesday, July 23rd, Yuen Wupen sold 265 shares of Lumentum stock. The stock was sold at an average price of $99.92, for a total value of $26,478.80.
• On Monday, July 21st, Yuen Wupen sold 264 shares of Lumentum stock. The stock was sold at an average price of $102.22, for a total value of $26,986.08.

Lumentum Stock Down 1.8%

Lumentum stock opened at $115.89 on Thursday. The company has a market capitalization of $8.04 billion, a P/E ratio of 503.87 and a beta of 1.33. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $129.98. The stock has a 50-day simple moving average of $100.72 and a 200-day simple moving average of $79.58.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The company had revenue of $480.70 million for the quarter, compared to analyst estimates of $465.27 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The firm’s revenue was up 55.9% compared to the same quarter last year. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

LITE has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Lumentum from $100.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. KGI Securities began coverage on shares of Lumentum in a report on Monday. They issued an “outperform” rating for the company. UBS Group increased their target price on shares of Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Bank of America raised Lumentum from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $78.00 to $135.00 in a report on Wednesday, August 13th. Finally, B. Riley upped their price objective on Lumentum from $73.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $122.85.

Institutional Investors Weigh In On Lumentum

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Lumentum by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock worth $463,198,000 after buying an additional 47,811 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Lumentum in the first quarter valued at approximately $260,000. Crestline Management LP acquired a new position in Lumentum during the fourth quarter worth $4,435,000. UMB Bank n.a. raised its position in Lumentum by 132.9% in the first quarter. UMB Bank n.a. now owns 785 shares of the technology company’s stock worth $49,000 after acquiring an additional 448 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Lumentum by 1.1% in the first quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company’s stock valued at $9,922,000 after acquiring an additional 1,660 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.