Insider Selling: Lumentum (NASDAQ:LITE) CFO Sells 2,222 Shares of Stock

Key Points

• Wajid Ali, CFO of Lumentum Holdings Inc., sold 2,222 shares at an average price of $116.45, totaling approximately $258,751.90, reducing his ownership in the company by 4.66%.
• Lumentum reported $0.88 earnings per share for the last quarter, surpassing estimates and achieving a 55.9% increase in revenue year-over-year.
• Several analysts have upgraded Lumentum's stock ratings, with price targets increasing, including a boost from UBS Group to $130.00 and Rosenblatt Securities to $150.00.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) CFO Wajid Ali sold 2,222 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $116.45, for a total transaction of $258,751.90. Following the sale, the chief financial officer owned 45,470 shares of the company's stock, valued at approximately $5,294,981.50. This represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Wajid Ali also recently made the following trade(s):

• On Wednesday, June 4th, Wajid Ali sold 2,222 shares of Lumentum stock. The shares were sold at an average price of $83.58, for a total transaction of $185,714.76.

Lumentum Stock Up 1.6%

NASDAQ:LITE traded up $1.91 on Friday, reaching $119.34. 2,679,776 shares of the stock traded hands, compared to its average volume of 2,991,241. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 518.87 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 company's fifty day simple moving average is $102.10 and its 200 day simple moving average is $79.97.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The business had revenue of $480.70 million during the quarter, compared to analyst estimates of $465.27 million. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. Lumentum's revenue was up 55.9% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Equities analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on LITE shares. KGI Securities started coverage on shares of Lumentum in a research note on Monday, August 18th. They issued an "outperform" rating for the company. Rosenblatt Securities reiterated a "buy" rating and issued a $150.00 price target on shares of Lumentum in a research note on Thursday, August 14th. UBS Group lifted their price target on shares of Lumentum from $78.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Stifel Nicolaus lifted their price target on shares of Lumentum from $100.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial lifted their price target on shares of Lumentum from $125.00 to $145.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $122.85.

Institutional Trading of Lumentum

Several large investors have recently added to or reduced their stakes in LITE. Mariner LLC grew its position in Lumentum by 6.1% during the fourth quarter. Mariner LLC now owns 5,785 shares of the technology company's stock valued at $486,000 after buying an additional 333 shares during the period. Guggenheim Capital LLC boosted its position in shares of Lumentum by 32.8% in the fourth quarter. Guggenheim Capital LLC now owns 10,364 shares of the technology company's stock worth $870,000 after purchasing an additional 2,562 shares during the period. NewEdge Advisors LLC boosted its position in shares of Lumentum by 202.0% in the fourth quarter. NewEdge Advisors LLC now owns 5,711 shares of the technology company's stock worth $479,000 after purchasing an additional 3,820 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Lumentum by 80.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,700 shares of the technology company's stock worth $982,000 after purchasing an additional 5,200 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Lumentum by 529.1% in the fourth quarter. First Trust Advisors LP now owns 86,981 shares of the technology company's stock worth $7,302,000 after purchasing an additional 73,155 shares during the period. 94.05% of the stock is currently owned by institutional investors.

About Lumentum

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.