Lumentum (NASDAQ:LITE) SVP Sells $106,202.40 in Stock

Key Points

• Jae Kim, Senior Vice President of Lumentum, sold 912 shares of stock worth $106,202.40, reducing their ownership by 2.97% and leaving them with 29,820 shares valued at approximately $3.47 million.
• Lumentum reported earnings of $0.88 per share, exceeding estimates, with revenue rising 55.9% year-over-year to $480.7 million in the latest quarter.
• Analyst ratings for Lumentum have improved, with upgrades from various firms setting a new average price target of $122.85 and a "Moderate Buy" rating.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) SVP Jae Kim sold 912 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $116.45, for a total value of $106,202.40. Following the completion of the transaction, the senior vice president directly owned 29,820 shares of the company's stock, valued at $3,472,539. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Lumentum Price Performance

Shares of LITE stock traded down $1.02 during mid-day trading on Tuesday, reaching $117.96. The stock had a trading volume of 3,156,187 shares, compared to its average volume of 2,593,932. The company has a market cap of $8.19 billion, a P/E ratio of 512.87 and a beta of 1.33. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $129.98. The business has a 50-day simple moving average of $99.33 and a 200 day simple moving average of $79.05.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The firm had revenue of $480.70 million during the quarter, compared to the consensus estimate of $465.27 million. During the same period last year, the firm posted $0.06 EPS. The firm's revenue for the quarter was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. On average, sell-side analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Institutional Trading of Lumentum

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Lumentum by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock worth $463,198,000 after purchasing an additional 47,811 shares in the last quarter. Capital World Investors lifted its position in Lumentum by 108.3% during the 4th quarter. Capital World Investors now owns 3,600,132 shares of the technology company's stock worth $302,231,000 after acquiring an additional 1,871,572 shares in the last quarter. PointState Capital LP purchased a new position in Lumentum in the 1st quarter worth approximately $213,503,000. Hood River Capital Management LLC grew its position in Lumentum by 82.1% in the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company's stock valued at $209,745,000 after acquiring an additional 994,551 shares in the last quarter. Finally, Atreides Management LP raised its stake in shares of Lumentum by 6.8% during the first quarter. Atreides Management LP now owns 1,875,257 shares of the technology company's stock valued at $116,904,000 after purchasing an additional 119,938 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Lumentum from a "hold" rating to a "buy" rating in a report on Saturday. Raymond James Financial upped their price objective on shares of Lumentum from $125.00 to $145.00 and gave the company a "strong-buy" rating in a research note on Wednesday, August 13th. Barclays raised their target price on shares of Lumentum from $75.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Stifel Nicolaus lifted their price target on shares of Lumentum from $100.00 to $132.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, KGI Securities started coverage on Lumentum in a report on Monday. They set an "outperform" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $122.85.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.

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