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

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 500 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $862.14, for a total transaction of $431,070.00. Following the transaction, the insider directly owned 113,627 shares of the company’s stock, valued at $97,962,381.78. 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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction 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 stock was 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 shares were sold at an average price of $895.00, for a total value of $447,500.00.
• On Friday, August 28th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $940.95, for a total transaction of $470,475.00.
• On Wednesday, August 26th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $882.15, for a total value of $441,075.00.
• On Monday, August 24th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $824.24, for a total transaction of $412,120.00.
• On Friday, August 21st, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $898.15, for a total transaction of $449,075.00.
• On Thursday, August 20th, Yuen Wupen sold 1,500 shares of Lumentum stock. The stock was sold at an average price of $827.82, for a total value of $1,241,730.00.

Lumentum Stock Up 0.5%

Shares of Lumentum stock traded up $3.93 during trading on Tuesday, reaching $838.96. The company had a trading volume of 2,893,117 shares, compared to its average volume of 3,926,267. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The company has a market cap of $75.25 billion, a price-to-earnings ratio of -10.21 and a beta of 1.53. Lumentum Holdings Inc. has a fifty-two week low of $144.52 and a fifty-two week high of $1,085.68. The firm’s fifty day moving average is $834.38 and its 200-day moving average is $830.21.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC boosted its holdings in Lumentum by 7.2% during the second quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company’s stock worth $179,000 after buying an additional 14 shares during the last quarter. Hilltop National Bank raised its holdings in shares of Lumentum by 26.8% during the second quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after acquiring an additional 15 shares during the period. Sachetta LLC raised its stake in shares of Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after purchasing an additional 19 shares during the period. Toth Financial Advisory Corp lifted its stake in Lumentum by 127.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 50 shares of the technology company’s stock valued at $43,000 after acquiring an additional 28 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Lumentum by 39.5% in the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock worth $91,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LITE. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 target price on shares of Lumentum in a report on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. JPMorgan Chase & Co. increased their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Mizuho upped their price target on Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley boosted their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.