Insider Selling: Lumentum (NASDAQ:LITE) Insider Sells 109 Shares of Stock

Key Points

• Yuen Wupen sold 109 shares of Lumentum at an average price of $113.61 on August 15, reducing his ownership by 0.14% to 76,668 shares, valued at approximately $8.71 million.
• Lumentum reported $0.88 earnings per share for the quarter, surpassing analysts' expectations of $0.79, with a significant 55.9% year-over-year revenue growth.
• Brokerage reports have positive forecasts for Lumentum, with target prices updated to a range between $100.00 and $150.00, with the stock currently rated as a "Moderate Buy."

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) insider Yuen Wupen sold 109 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $113.61, for a total value of $12,383.49. Following the sale, the insider directly owned 76,668 shares of the company's stock, valued at $8,710,251.48. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Yuen Wupen also recently made the following trade(s):

• On Monday, August 18th, Yuen Wupen sold 109 shares of Lumentum stock. The shares were sold at an average price of $116.45, for a total transaction of $12,693.05.
• On Wednesday, August 6th, Yuen Wupen sold 241 shares of Lumentum stock. The stock was sold at an average price of $108.34, for a total value of $26,109.94.
• On Wednesday, July 23rd, Yuen Wupen sold 265 shares of Lumentum stock. The stock was sold at an average price of $99.92, for a total value of $26,478.80.
• On Monday, July 21st, Yuen Wupen sold 264 shares of Lumentum stock. The shares were sold at an average price of $102.22, for a total value of $26,986.08.

Lumentum Stock Performance

NASDAQ LITE traded up $1.0750 during trading on Thursday, hitting $116.9650. The company's stock had a trading volume of 235,074 shares, compared to its average volume of 2,583,427. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $129.98. The firm has a market cap of $8.12 billion, a P/E ratio of 507.62 and a beta of 1.33. The firm has a 50 day moving average price of $100.72 and a 200 day moving average price of $79.58. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $480.70 million during the quarter, compared to analysts' expectations of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.Lumentum's revenue for the quarter was up 55.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Equities research analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lumentum

Large investors have recently modified their holdings of the stock. PointState Capital LP bought a new stake in shares of Lumentum during the first quarter worth $213,503,000. Capital World Investors boosted its position in Lumentum by 108.3% in the 4th quarter. Capital World Investors now owns 3,600,132 shares of the technology company's stock valued at $302,231,000 after buying an additional 1,871,572 shares during the last quarter. Hood River Capital Management LLC increased its stake in shares of Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company's stock valued at $209,745,000 after buying an additional 994,551 shares during the period. Analog Century Management LP acquired a new stake in shares of Lumentum in the 1st quarter valued at $60,348,000. Finally, Norges Bank bought a new stake in shares of Lumentum during the second quarter worth $82,983,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on LITE shares. JPMorgan Chase & Co. raised their price target on shares of Lumentum from $123.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Stifel Nicolaus increased their target price on shares of Lumentum from $100.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. KGI Securities initiated coverage on Lumentum in a research report on Monday. They set an "outperform" rating on the stock. B. Riley upped their price target on Lumentum from $73.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Finally, Barclays raised their price objective on Lumentum from $75.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.