Lumentum (NASDAQ:LITE) Insider Yuen Wupen Sells 500 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 500 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $946.56, for a total transaction of $473,280.00. Following the sale, the insider directly owned 110,127 shares in the company, valued at $104,241,813.12. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 21st, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $959.27, for a total value of $479,635.00.
• On Friday, September 18th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $920.00, for a total value of $460,000.00.
• On Wednesday, September 16th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $856.83, for a total transaction of $428,415.00.
• On Monday, September 14th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $862.14, for a total transaction of $431,070.00.
• On Thursday, September 10th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $961.44, for a total value of $480,720.00.
• On Tuesday, September 8th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $895.99, for a total value of $447,995.00.
• On Friday, September 4th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $860.00, for a total value of $430,000.00.
• On Wednesday, September 2nd, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $864.49, for a total value of $432,245.00.
• On Monday, August 31st, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $895.00, for a total transaction of $447,500.00.
• 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 transaction of $470,475.00.

Lumentum Price Performance

Shares of NASDAQ LITE traded down $8.67 during mid-day trading on Wednesday, reaching $937.00. The company’s stock had a trading volume of 3,251,019 shares, compared to its average volume of 5,552,487. The stock has a 50-day moving average of $849.70 and a two-hundred day moving average of $838.01. The stock has a market capitalization of $84.05 billion, a P/E ratio of -11.40 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. Lumentum Holdings Inc. has a 1-year low of $144.52 and a 1-year high of $1,085.68.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jupiter Topco LLC purchased a new stake in Lumentum in the second quarter worth $1,621,396,000. Norges Bank purchased a new position in Lumentum during the fourth quarter valued at $474,495,000. Situational Awareness LP boosted its holdings in shares of Lumentum by 210.9% during the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after buying an additional 880,800 shares in the last quarter. Aspex Management HK Ltd purchased a new stake in shares of Lumentum in the 4th quarter worth about $251,363,000. Finally, WT Asset Management Ltd bought a new position in shares of Lumentum in the 2nd quarter worth about $494,688,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on LITE. Deutsche Bank Aktiengesellschaft initiated coverage on Lumentum in a report on Monday, August 31st. They set a “buy” rating and a $1,200.00 target price on the stock. UBS Group set a $820.00 price target on Lumentum in a report on Wednesday, August 12th. Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. Bank of America lowered their price objective 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. Finally, TD Cowen upped their target price on Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,053.83.

Lumentum Company Profile

Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.