Lumentum (NASDAQ:LITE) Insider Sells $479,635.00 in Stock

by · The Markets Daily

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) insider Yuen Wupen sold 500 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $959.27, for a total value of $479,635.00. Following the completion of the sale, the insider directly owned 111,127 shares in the company, valued at approximately $106,600,797.29. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Friday, September 25th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $935.75, for a total value of $467,875.00.
  • 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 Friday, September 18th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were 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 stock was 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 stock was 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 stock was 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 shares were 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 value 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 stock was sold at an average price of $895.00, for a total transaction of $447,500.00.

Lumentum Stock Performance

Shares of LITE stock opened at $941.65 on Friday. Lumentum Holdings Inc. has a one year low of $147.81 and a one year high of $1,085.68. The company’s 50-day moving average is $862.03 and its 200 day moving average is $843.32. The company has a market capitalization of $84.47 billion, a price-to-earnings ratio of -11.45 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. Lumentum’s revenue was up 109.3% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts expect that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LITE. Deutsche Bank Aktiengesellschaft started coverage on Lumentum in a research report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Morgan Stanley upped their price target on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Finally, Northland Securities lifted their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,053.83.

Get Our Latest Stock Report on Lumentum

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new position in Lumentum in the second quarter worth about $337,000. Andra AP fonden purchased a new stake in shares of Lumentum during the 2nd quarter valued at about $17,504,000. Silicon Valley Capital Partners lifted its stake in shares of Lumentum by 800.0% in the 2nd quarter. Silicon Valley Capital Partners now owns 450 shares of the technology company’s stock worth $386,000 after purchasing an additional 400 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Lumentum by 36.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,272 shares of the technology company’s stock worth $1,950,000 after purchasing an additional 612 shares during the period. Finally, Van Hulzen Asset Management LLC purchased a new position in shares of Lumentum in the second quarter worth approximately $644,000. Institutional investors own 94.05% of the company’s stock.

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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