Lumentum (NASDAQ:LITE) Shares Down 11.8% After Insider Selling

by · The Cerbat Gem

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report)’s stock price traded down 11.8% on Thursday following insider selling activity. The stock traded as low as $220.34 and last traded at $223.7360. Approximately 3,501,540 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 2,946,201 shares. The stock had previously closed at $253.81.

Specifically, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the transaction, the director directly owned 9,764 shares in the company, valued at approximately $2,375,776.48. This represents a 42.44% 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. Also, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the completion of the sale, the director owned 12,037 shares of the company’s stock, valued at $3,254,684.43. The trade was a 45.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In related news, CAO Matthew Joseph Sepe sold 4,232 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the sale, the chief accounting officer directly owned 43,544 shares of the company’s stock, valued at approximately $10,434,448.72. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Lumentum from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a report on Friday, October 31st. Barclays raised their price objective on Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. UBS Group upped their target price on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Finally, Northland Securities set a $250.00 price objective on shares of Lumentum in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.67.

Check Out Our Latest Research Report on LITE

Lumentum Stock Down 12.0%

The firm has a 50 day moving average price of $177.14 and a two-hundred day moving average price of $122.97. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 150.14 and a beta of 1.48.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) 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 company had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The business’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, equities analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lumentum

Institutional investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ purchased a new stake in Lumentum in the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Lumentum during the second quarter worth approximately $38,000. SVB Wealth LLC bought a new position in Lumentum in the 1st quarter valued at $40,000. Finally, MAI Capital Management raised its stake in shares of 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. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Company Profile

(Get Free Report)

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.

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