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

Key Points

• Lumentum insider Yuen Wupen sold 500 shares for approximately $467,875 at an average price of $935.75, reducing their position by 0.46%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, following multiple similar sales since August 31.
• Lumentum shares rose $12.61 to $941.65, with a market capitalization of approximately $84.47 billion. The stock remains below its 12-month high of $1,085.68 but above its 50-day and 200-day moving averages.
• The company reported quarterly EPS of $3.23, beating estimates of $2.97, while revenue increased 109.3% year over year to $1.01 billion. Analysts maintain a Moderate Buy consensus 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 stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $935.75, for a total value of $467,875.00. Following the transaction, the insider owned 109,127 shares in the company, valued at approximately $102,115,590.25. This trade represents a 0.46% decrease in their position. The sale was disclosed in a document filed 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 shares were sold at an average price of $946.56, for a total transaction of $473,280.00.
• On Monday, September 21st, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $959.27, for a total transaction of $479,635.00.
• On Friday, September 18th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was 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 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 stock was 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 value 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 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 stock was 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 shares were sold at an average price of $895.00, for a total value of $447,500.00.

Lumentum Price Performance

Lumentum stock traded up $12.61 during trading hours on Friday, reaching $941.65. 3,852,886 shares of the stock were exchanged, compared to its average volume of 4,197,292. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a twelve month low of $147.81 and a twelve month high of $1,085.68. The company has a market cap of $84.47 billion, a P/E ratio of -11.45 and a beta of 1.53. The stock has a 50 day moving average of $862.03 and a two-hundred day moving average of $843.32.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $987.70 million. During the same period in the previous year, the company earned $0.88 EPS. The business's revenue for the quarter 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 analysts expect that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LITE. Nomura Asset Management Co. Ltd. raised its holdings in shares of Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company's stock valued at $136,306,000 after purchasing an additional 114,714 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new position in Lumentum during the first quarter worth about $2,046,000. Styrax Capital LP grew its position in Lumentum by 3.6% in the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company's stock worth $98,386,000 after purchasing an additional 4,837 shares in the last quarter. Whittier Trust Co. increased its stake in Lumentum by 21,806.5% in the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company's stock valued at $57,183,000 after buying an additional 73,706 shares during the last quarter. Finally, Andar Capital Management HK Ltd purchased a new stake in Lumentum in the 4th quarter valued at about $4,325,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of research analyst reports. Weiss Ratings downgraded Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a report on Wednesday, August 19th. Wolfe Research restated an "outperform" rating on shares of Lumentum in a research report on Friday, August 21st. Citigroup reiterated a "buy" rating on shares of Lumentum in a research report on Wednesday, August 12th. Morgan Stanley raised their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 12th. Finally, Mizuho lifted their price target on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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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