Lumentum (NASDAQ:LITE) Insider Sells $431,070.00 in Stock

by · The Markets Daily

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) insider Yuen Wupen sold 500 shares of Lumentum stock in a transaction on 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 owned 113,627 shares in the company, valued at $97,962,381.78. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $961.44, for a total transaction 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 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 shares were sold at an average price of $940.95, for a total value of $470,475.00.
  • On Wednesday, August 26th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $882.15, for a total transaction 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 shares were 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 transaction of $1,241,730.00.

Lumentum Stock Performance

NASDAQ:LITE traded up $3.93 during midday trading on Tuesday, hitting $838.96. The company’s stock had a trading volume of 2,893,117 shares, compared to its average volume of 3,926,267. Lumentum Holdings Inc. has a fifty-two week low of $144.52 and a fifty-two week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The firm has a market cap of $75.25 billion, a P/E ratio of -10.21 and a beta of 1.53. The firm’s 50 day moving average is $834.38 and its 200-day moving average is $830.21.

Lumentum (NASDAQ:LITE – Get Free Report) last posted its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $987.70 million. During the same period in the previous year, the business posted $0.88 EPS. The business’s revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts anticipate that Lumentum Holdings Inc. will post 19.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LITE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Lumentum in a research report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price objective for the company. Morgan Stanley boosted their target price on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Mizuho increased their price target on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. TD Cowen raised their price target on shares of Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,053.83.

Check Out Our Latest Research Report on Lumentum

Institutional Investors Weigh In On Lumentum

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

Lumentum Company Profile

(Get Free Report)

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.

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