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

Key Points

• Lumentum insider Yuen Wupen sold 500 shares at an average price of $959.27, generating $479,635. The transaction occurred under a pre-arranged Rule 10b5-1 plan and reduced the insider’s holdings by 0.45%.
• Wupen has made a series of additional 500-share sales since late August, while retaining 111,127 shares valued at approximately $106.6 million.
• Lumentum recently reported strong results, with quarterly revenue up 109.3% year over year and EPS exceeding analyst estimates. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $1,053.83.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) insider Yuen Wupen sold 500 shares of the company's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $959.27, for a total transaction of $479,635.00. Following the completion of the sale, the insider owned 111,127 shares of the company's stock, valued at approximately $106,600,797.29. This trade represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Wednesday, September 23rd, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $946.56, for a total transaction 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 transaction 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 shares were 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 shares were 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 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 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 stock was sold at an average price of $940.95, for a total transaction of $470,475.00.

Lumentum Stock Down 0.9%

LITE traded down $8.67 on Wednesday, reaching $937.00. 3,251,019 shares of the company traded hands, compared to its average volume of 5,552,487. The company has a market cap of $84.05 billion, a price-to-earnings ratio of -11.40 and a beta of 1.53. 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 stock's 50 day moving average price is $849.70 and its 200-day moving average price is $838.01. Lumentum Holdings Inc. has a 52-week low of $144.52 and a 52-week high of $1,085.68.

Lumentum (NASDAQ:LITE - Get Free Report) last issued 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 negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. During the same quarter last year, the business posted $0.88 EPS. The company's revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts expect that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

Analysts Set New Price Targets

LITE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Lumentum in a report on Monday, August 31st. They set a "buy" rating and a $1,200.00 price target for the company. Evercore initiated coverage on Lumentum in a research report on Monday, August 31st. They issued an "outperform" rating and a $1,100.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Zacks Research upgraded Lumentum from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Finally, UBS Group set a $820.00 price target on shares of Lumentum 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lumentum has an average rating of "Moderate Buy" and an average price target of $1,053.83.

Institutional Trading of Lumentum

A number of large investors have recently bought and sold shares of LITE. Jupiter Topco LLC acquired a new stake in shares of Lumentum in the 2nd quarter valued at $1,621,396,000. Arrowstreet Capital Limited Partnership boosted its position in Lumentum by 18.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company's stock valued at $683,661,000 after buying an additional 291,591 shares in the last quarter. Amundi grew its stake in Lumentum by 188.7% during the second quarter. Amundi now owns 658,427 shares of the technology company's stock worth $564,970,000 after buying an additional 430,355 shares during the last quarter. Geode Capital Management LLC grew its stake in Lumentum by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company's stock worth $521,563,000 after buying an additional 123,265 shares during the last quarter. Finally, WT Asset Management Ltd bought a new stake in Lumentum during the second quarter worth about $494,688,000. 94.05% of the stock is currently owned by institutional investors.

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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