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

Key Points

• Insider sale: Lumentum insider Yuen Wupen sold 500 shares at an average price of $920, generating $460,000. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving Wupen with 111,627 shares.
• Strong operating performance: Lumentum reported quarterly earnings of $3.23 per share, exceeding estimates of $2.97, while revenue rose 109.3% year over year to $1.01 billion.
• Positive market sentiment: Shares rose 4.2% to $930.91, and analysts maintain a “Moderate Buy” consensus with an average price target of $1,053.83. Institutional investors own approximately 94.05% of the company.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) insider Yuen Wupen sold 500 shares of the firm's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $920.00, for a total transaction of $460,000.00. Following the sale, the insider owned 111,627 shares of the company's stock, valued at $102,696,840. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a legal 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 16th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were 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 stock was sold at an average price of $961.44, for a total transaction 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 transaction 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 transaction 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 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 value 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.

Lumentum Trading Up 4.2%

Shares of LITE traded up $37.30 during trading hours on Friday, hitting $930.91. The company had a trading volume of 9,242,854 shares, compared to its average volume of 5,576,608. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average price is $840.78 and its 200 day moving average price is $833.27. The firm has a market cap of $83.50 billion, a P/E ratio of -11.32 and a beta of 1.53. 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 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.Lumentum's quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, research analysts predict that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LITE shares. Mizuho raised their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Rosenblatt Securities reissued a "buy" rating and issued a $1,300.00 target price on shares of Lumentum in a report on Wednesday, August 12th. Evercore began coverage on Lumentum in a report on Monday, August 31st. They set an "outperform" rating and a $1,100.00 price target for the company. Northland Securities upped their price target 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lumentum in a research report on Monday, August 31st. They set a "buy" rating and a $1,200.00 price objective on the stock. One 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,053.83.

Hedge Funds Weigh In On Lumentum

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jupiter Topco LLC bought a new stake in shares of Lumentum during the 2nd quarter valued at $1,621,396,000. Norges Bank purchased a new stake in Lumentum in the fourth quarter worth about $474,495,000. Situational Awareness LP raised its stake in shares of Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company's stock worth $478,577,000 after buying an additional 880,800 shares during the period. Aspex Management HK Ltd bought a new position in shares of Lumentum in the fourth quarter worth about $251,363,000. Finally, WT Asset Management Ltd purchased a new position in shares of Lumentum during the 2nd quarter valued at about $494,688,000. Institutional investors own 94.05% of the company's stock.

Lumentum Company Profile

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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