Key Points
- Pamela Fletcher, a Lumentum director, sold 3,421 shares on Nov. 19 at an average price of $273.53 for about $935,746, leaving her with 10,561 shares — a 24.47% reduction in her position.
- Lumentum beat estimates with quarterly EPS of $1.10 (vs. $1.03) and revenue of $533.8M (up 58.4% YoY), and set Q2 2026 guidance of $1.30–$1.50 EPS.
- The stock rallied (around $255.59 on the report), trades at a high P/E (~171.5) with a market cap near $18.1B, and carries a consensus "Moderate Buy" from analysts with an average price target of $196.88.
Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) insider Yuen Wupen sold 822 shares of the company's stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the transaction, the insider owned 95,077 shares in the company, valued at approximately $24,621,139.92. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Yuen Wupen also recently made the following trade(s):
- On Monday, November 17th, Yuen Wupen sold 821 shares of Lumentum stock. The stock was sold at an average price of $234.14, for a total transaction of $192,228.94.
- On Wednesday, August 27th, Yuen Wupen sold 3,281 shares of Lumentum stock. The shares were sold at an average price of $124.86, for a total transaction of $409,665.66.
- On Monday, August 25th, Yuen Wupen sold 3,282 shares of Lumentum stock. The stock was sold at an average price of $119.25, for a total value of $391,378.50.
Lumentum Trading Up 9.6%
Shares of Lumentum stock traded up $22.35 during trading on Friday, reaching $255.59. 7,703,637 shares of the company were exchanged, compared to its average volume of 5,541,323. The business has a 50-day moving average price of $189.56 and a 200-day moving average price of $131.42. The firm has a market capitalization of $18.12 billion, a price-to-earnings ratio of 171.54 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $282.66.
Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.07. The firm had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Sell-side analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.
Hedge Funds Weigh In On Lumentum
A number of large investors have recently made changes to their positions in LITE. Northwestern Mutual Investment Management Company LLC increased its position in Lumentum by 0.4% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company's stock worth $2,532,000 after buying an additional 64 shares during the period. UMB Bank n.a. increased its position in Lumentum by 11.2% during the third quarter. UMB Bank n.a. now owns 920 shares of the technology company's stock worth $150,000 after acquiring an additional 93 shares during the period. MAI Capital Management increased its position in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company's stock worth $43,000 after acquiring an additional 96 shares during the period. Louisiana State Employees Retirement System raised its stake in Lumentum by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company's stock worth $1,854,000 after purchasing an additional 100 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in Lumentum by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company's stock valued at $2,468,000 after purchasing an additional 100 shares during the period. Institutional investors own 94.05% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on LITE shares. Raymond James Financial downgraded shares of Lumentum from a "strong-buy" rating to an "outperform" rating and set a $220.00 target price for the company. in a research report on Friday, October 31st. Bank of America raised Lumentum from an "underperform" rating to a "neutral" rating and increased their price target for the company from $78.00 to $135.00 in a research report on Wednesday, August 13th. Barclays increased their price objective on Lumentum from $165.00 to $181.00 and gave the company an "equal weight" rating in a report on Thursday, November 6th. UBS Group increased their price target on shares of Lumentum from $78.00 to $130.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Finally, Rosenblatt Securities lifted their price target on Lumentum to $280.00 and gave the stock a "buy" rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Lumentum currently has an average rating of "Moderate Buy" and an average price target of $196.88.
Check Out Our Latest Report on LITE
About Lumentum
(
Get Free Report)
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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