Lumentum (NASDAQ:LITE) SVP Sells $41,820.00 in 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 transaction of $41,820.00. Following the completion of the sale, the senior vice president owned 38,400 shares in the company, valued at approximately $9,446,400. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Trading Up 2.2%

LITE stock traded up $5.36 during midday trading on Tuesday, hitting $247.43. 5,414,115 shares of the company’s stock were exchanged, compared to its average volume of 4,923,803. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $273.89. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. The company has a market cap of $17.54 billion, a PE ratio of 166.06 and a beta of 1.48. The stock’s fifty day moving average price is $184.26 and its 200-day moving average price is $128.38.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. During the same quarter last year, the firm posted $0.18 earnings per share. Lumentum’s 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. Research analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LITE. Skandinaviska Enskilda Banken AB publ acquired a new stake in Lumentum during the first quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Lumentum during the 2nd quarter worth approximately $38,000. SVB Wealth LLC bought a new position in Lumentum in the first quarter valued at approximately $40,000. Finally, MAI Capital Management raised its position in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LITE shares. Mizuho initiated coverage on Lumentum in a report on Tuesday. They set an “outperform” rating and a $290.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Zacks Research downgraded shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Lumentum in a research note on Thursday, November 13th. Finally, Susquehanna increased their price target on shares of Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a 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 issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $196.88.

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.