Lumentum (NASDAQ:LITE) Insider Yuen Wupen Sells 500 Shares

Key Points

• Lumentum insider Yuen Wupen sold 500 shares at an average price of $860, generating $430,000. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced the insider’s holdings by 0.43% to 116,127 shares.
• Wupen has made multiple recent sales, including seven transactions since August 20 totaling 4,500 shares, indicating a continuing pattern of insider selling.
• Lumentum shares rose to $881.26, while the company reported quarterly EPS of $3.23 and revenue of $1.01 billion, exceeding analyst expectations. Analysts maintain a Moderate Buy consensus 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 Friday, September 4th. The shares were sold at an average price of $860.00, for a total transaction of $430,000.00. Following the completion of the sale, the insider directly owned 116,127 shares in the company, valued at $99,869,220. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed 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 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 transaction of $432,245.00.
• On Monday, August 31st, Yuen Wupen sold 500 shares of Lumentum stock. The shares were 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 transaction 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 value 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 value of $449,075.00.
• On Thursday, August 20th, Yuen Wupen sold 1,500 shares of Lumentum stock. The shares were sold at an average price of $827.82, for a total value of $1,241,730.00.

Lumentum Price Performance

Lumentum stock traded up $33.89 during mid-day trading on Friday, hitting $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 market capitalization of $79.05 billion, a PE ratio of -10.72 and a beta of 1.53. The business has a fifty day moving average of $813.36 and a 200 day moving average of $815.28. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $2.97 by $0.26. The firm had revenue of $1.01 billion for 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%. The company's revenue for the quarter was up 109.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, sell-side analysts expect that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.

Institutional Trading of Lumentum

Institutional investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new position in shares of Lumentum in the first quarter valued at about $25,000. Sachetta LLC raised its holdings in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after acquiring an additional 19 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of Lumentum by 300.0% during the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock valued at $28,000 after acquiring an additional 57 shares during the period. Triumph Capital Management acquired a new stake in Lumentum during the fourth quarter worth about $30,000. Finally, Danske Bank A S acquired a new stake in shares of Lumentum during the 3rd quarter worth approximately $33,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore started coverage on Lumentum in a research report on Monday. They issued an "outperform" rating and a $1,100.00 price objective on the stock. Bank of America reduced their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 12th. Zacks Research upgraded Lumentum from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. JPMorgan Chase & Co. upped their target price on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an "overweight" rating in a research note 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 research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,053.83.

About Lumentum

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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