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

Key Points

• Lumentum insider Yuen Wupen sold 500 shares at an average price of $856.83, generating $428,415. The sale was made under a pre-arranged Rule 10b5-1 trading plan, leaving the insider with 112,627 shares.
• Wupen has conducted a series of additional 500-share sales since August 24, with prices ranging from $824.24 to $961.44.
• Lumentum shares recently traded at $930.91, while the company reported quarterly EPS of $3.23 and revenue of $1.01 billion, exceeding analyst estimates. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,053.83.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) insider Yuen Wupen sold 500 shares of the business's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $856.83, for a total transaction of $428,415.00. Following the sale, the insider directly owned 112,627 shares of the company's stock, valued at $96,502,192.41. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 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 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 transaction 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 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 shares were 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 value of $447,500.00.
• On Friday, August 28th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was 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 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 stock was sold at an average price of $824.24, for a total transaction of $412,120.00.

Lumentum Stock Performance

LITE traded up $37.30 during trading on Friday, reaching $930.91. 9,242,854 shares of the company's stock were exchanged, compared to its average volume of 5,576,608. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. Lumentum Holdings Inc. has a 1 year low of $144.52 and a 1 year high of $1,085.68. The company's fifty day simple moving average is $840.78 and its 200-day simple moving average is $833.27. The stock has a market capitalization of $83.50 billion, a P/E ratio of -11.32 and a beta of 1.53.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same period in the prior year, the company earned $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. As a group, research analysts predict that Lumentum Holdings Inc. will post 19.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lumentum

A number of large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its stake in Lumentum by 36.9% during the second quarter. Sequoia Financial Advisors LLC now owns 2,272 shares of the technology company's stock worth $1,950,000 after buying an additional 612 shares during the last quarter. Van Hulzen Asset Management LLC purchased a new position in shares of Lumentum during the 2nd quarter worth $644,000. Arlington Capital Management Inc. boosted its position in shares of Lumentum by 196.3% during the 2nd quarter. Arlington Capital Management Inc. now owns 883 shares of the technology company's stock valued at $758,000 after acquiring an additional 585 shares during the last quarter. Gemmer Asset Management LLC purchased a new stake in shares of Lumentum in the second quarter valued at about $1,517,000. Finally, National Pension Service grew its holdings in shares of Lumentum by 2,501.2% in the second quarter. National Pension Service now owns 104,049 shares of the technology company's stock valued at $89,280,000 after purchasing an additional 100,049 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LITE has been the subject of a number of research reports. Northland Securities boosted their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $1,300.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Citigroup reiterated a "buy" rating on shares of Lumentum in a research note on Wednesday, August 12th. TD Cowen increased their target price on Lumentum from $800.00 to $820.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. Finally, Weiss Ratings downgraded Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,053.83.

About Lumentum

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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