Insider Selling: Lumentum (NASDAQ:LITE) Insider Sells $432,245.00 in Stock

Key Points

• Lumentum insider Yuen Wupen sold 500 shares for $432,245 at an average price of $864.49, reducing their position by 0.43% to 117,127 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Lumentum shares rose 4.0% to $881.26, while the company reported quarterly EPS of $3.23 and revenue of $1.01 billion, exceeding analyst expectations. Revenue increased 109.3% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $1,053.83; institutional investors own approximately 94.05% of the stock.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) insider Yuen Wupen sold 500 shares of the firm's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $864.49, for a total value of $432,245.00. Following the sale, the insider directly owned 117,127 shares of the company's stock, valued at approximately $101,255,120.23. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 4th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $860.00, for a total value of $430,000.00.
• 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 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 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 Trading Up 4.0%

Shares of NASDAQ:LITE traded up $33.89 during mid-day trading on Friday, reaching $881.26. 3,552,997 shares of the company were exchanged, compared to its average volume of 5,590,931. Lumentum Holdings Inc. has a 1 year low of $144.20 and a 1 year 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's 50-day simple moving average is $813.36 and its 200 day simple moving average is $815.28. The firm has a market cap of $79.05 billion, a price-to-earnings ratio of -10.72 and a beta of 1.53.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. The firm's quarterly 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 research analysts forecast that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of Lumentum by 112,343.2% during the 2nd quarter. California State Teachers Retirement System now owns 92,237,160 shares of the technology company's stock worth $79,145,018,000 after purchasing an additional 92,155,130 shares during the last quarter. Jupiter Topco LLC purchased a new position in Lumentum in the second quarter valued at $1,621,396,000. Arrowstreet Capital Limited Partnership lifted its holdings in Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company's stock worth $254,350,000 after buying an additional 1,545,199 shares during the last quarter. Norges Bank acquired a new position in shares of Lumentum during the 4th quarter worth about $474,495,000. Finally, Value Aligned Research Advisors LLC purchased a new position in shares of Lumentum in the 4th quarter valued at about $432,062,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Bank of America dropped their target price on Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating for the company in a research report on Wednesday, August 12th. Zacks Research raised shares of Lumentum from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Raymond James Financial restated an "outperform" rating and issued a $1,036.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lumentum in a research note on Monday. They set a "buy" rating and a $1,200.00 target price on the stock. Finally, Wolfe Research reiterated an "outperform" rating on shares of Lumentum in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lumentum presently has an average rating of "Moderate Buy" and an average price target of $1,053.83.

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.

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