Insider Selling: Lumentum (NASDAQ:LITE) SVP Sells 170 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITE) SVP Jae Kim sold 170 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total value of $41,820.00. Following the transaction, the senior vice president owned 38,400 shares of the company’s stock, valued at $9,446,400. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jae Kim also recently made the following trade(s):

• On Friday, August 22nd, Jae Kim sold 4,507 shares of Lumentum stock. The shares were sold at an average price of $116.88, for a total transaction of $526,778.16.

Lumentum Price Performance

Shares of Lumentum stock traded up $5.36 during mid-day trading on Tuesday, reaching $247.43. 5,414,115 shares of the stock were exchanged, compared to its average volume of 4,923,803. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $273.89. The company has a market cap of $17.54 billion, a price-to-earnings ratio of 166.06 and a beta of 1.48. The firm has a 50-day simple moving average of $184.26 and a 200 day simple moving average of $128.38. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The firm had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The company’s quarterly revenue was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on LITE shares. Bank of America upgraded Lumentum from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $78.00 to $135.00 in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price target on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Northland Securities set a $250.00 price objective on shares of Lumentum in a report on Wednesday, November 5th. KGI Securities started coverage on shares of Lumentum in a research note on Monday, August 18th. They issued an “outperform” rating for the company. Finally, Susquehanna upped their target price on shares of Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.88.

Institutional Investors Weigh In On Lumentum

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Lumentum by 0.4% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock valued at $2,532,000 after purchasing an additional 64 shares during the period. UMB Bank n.a. increased its holdings in Lumentum by 11.2% in the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock valued at $150,000 after purchasing an additional 93 shares during the last quarter. MAI Capital Management boosted its holdings in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after buying an additional 96 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Lumentum by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock worth $1,854,000 after buying an additional 100 shares during the period. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Lumentum by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock valued at $2,468,000 after acquiring an additional 100 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

About Lumentum

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.