Key Points
- Lumentum director Pamela Fletcher sold 1,578 shares on May 15 in a transaction valued at about $1.48 million, reducing her ownership by 17.56%. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Fletcher also sold 1,577 shares the previous day, indicating a sequence of insider sales over two trading sessions. After the latest transaction, she held 7,406 shares worth about $6.97 million.
- Lumentum’s stock has surged sharply, with the shares recently opening at $970.70 and reaching a 52-week high of $1,085.68. The company also reported strong quarterly results, beating EPS estimates and posting 90.1% year-over-year revenue growth.
Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) Director Pamela Fletcher sold 1,578 shares of the business's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $940.82, for a total value of $1,484,613.96. Following the completion of the sale, the director owned 7,406 shares in the company, valued at $6,967,712.92. This represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Pamela Fletcher also recently made the following trade(s):
- On Thursday, May 14th, Pamela Fletcher sold 1,577 shares of Lumentum stock. The stock was sold at an average price of $1,003.38, for a total value of $1,582,330.26.
Lumentum Price Performance
NASDAQ:LITE opened at $970.70 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $75.52 billion, a P/E ratio of 179.76 and a beta of 1.53. Lumentum Holdings Inc. has a 12 month low of $71.04 and a 12 month high of $1,085.68. The business's 50-day moving average is $809.96 and its 200 day moving average is $535.23.
Lumentum (NASDAQ:LITE - Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm's revenue for the quarter was up 90.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts forecast that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Lumentum
Institutional investors have recently modified their holdings of the stock. Hilton Head Capital Partners LLC bought a new stake in shares of Lumentum during the 1st quarter worth approximately $25,000. Sachetta LLC lifted its stake in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after acquiring an additional 19 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company's stock worth $27,000 after acquiring an additional 131 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Lumentum during the 4th quarter worth approximately $28,000. Finally, Truvestments Capital LLC lifted its stake in shares of Lumentum by 300.0% during the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock worth $28,000 after acquiring an additional 57 shares during the last quarter. 94.05% of the stock is owned by institutional investors.
More Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
- Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
- Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
- Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum's Components Business Accelerates: More Upside Ahead?
- Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18
Analysts Set New Price Targets
A number of equities research analysts recently commented on LITE shares. Loop Capital boosted their target price on Lumentum from $900.00 to $1,400.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Lumentum in a research note on Tuesday, April 21st. TD Cowen raised their price objective on Lumentum from $875.00 to $995.00 and gave the company a "hold" rating in a research note on Wednesday, May 6th. Stifel Nicolaus raised their price objective on Lumentum from $800.00 to $1,100.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Craig Hallum raised their price objective on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Lumentum currently has an average rating of "Moderate Buy" and an average target price of $1,012.43.
View Our Latest Stock Report on LITE
About Lumentum
(
Get Free Report)
Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.
Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.
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