Lumentum (NASDAQ:LITE) Insider Sells $467,875.00 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, September 25th. The stock was sold at an average price of $935.75, for a total value of $467,875.00. Following the sale, the insider directly owned 109,127 shares in the company, valued at approximately $102,115,590.25. The trade was a 0.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Wednesday, September 23rd, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $946.56, for a total value of $473,280.00.
• 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 stock was 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 shares were sold at an average price of $856.83, for a total value 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 value of $431,070.00.
• On Thursday, September 10th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were 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 transaction 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 transaction of $432,245.00.
• On Monday, August 31st, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $895.00, for a total transaction of $447,500.00.

Lumentum Stock Performance

Shares of LITE opened at $941.65 on Monday. The firm’s 50 day moving average is $862.03 and its 200-day moving average is $844.75. The stock has a market capitalization of $84.47 billion, a P/E ratio of -11.45 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. Lumentum Holdings Inc. has a 12-month low of $147.81 and a 12-month high of $1,085.68.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LITE shares. Wolfe Research reissued an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Lumentum in a research report on Monday, August 31st. They set a “buy” rating and a $1,200.00 target price on the stock. Citigroup reaffirmed a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and issued a $1,036.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Finally, Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and a consensus target price of $1,053.83.

Institutional Trading of Lumentum

Hedge funds have recently modified their holdings of the business. Jupiter Topco LLC purchased a new position in shares of Lumentum during the second quarter valued at $1,621,396,000. Arrowstreet Capital Limited Partnership boosted its position in Lumentum by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock worth $683,661,000 after acquiring an additional 291,591 shares during the period. Geode Capital Management LLC boosted its position in Lumentum by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after acquiring an additional 123,265 shares during the period. Situational Awareness LP grew its stake in 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 acquiring an additional 880,800 shares in the last quarter. Finally, Norges Bank purchased a new position in Lumentum during the 4th quarter valued at about $474,495,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Lumentum

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.