Key Points
- Director Ian Small sold 4,954 Lumentum shares on May 21 for about $4.3 million at an average price of $868.07. After the sale, he still held 21,008 shares, though his ownership fell by 19.08%.
- Lumentum reported stronger-than-expected quarterly earnings, posting $2.37 EPS versus the $2.27 consensus estimate. Revenue came in at $808.4 million, nearly in line with forecasts, and sales jumped 90.1% from a year earlier.
- Analysts remain generally bullish on the stock, with multiple firms raising price targets to as high as $1,100. The consensus rating is currently Moderate Buy, with an average target price of $1,012.43.
Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) Director Ian Small sold 4,954 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares of the company's stock, valued at approximately $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ian Small also recently made the following trade(s):
- On Friday, May 8th, Ian Small sold 3,500 shares of Lumentum stock. The shares were sold at an average price of $911.17, for a total transaction of $3,189,095.00.
Lumentum Price Performance
Shares of LITE opened at $946.90 on Friday. The company has a market cap of $73.67 billion, a price-to-earnings ratio of 175.35 and a beta of 1.53. Lumentum Holdings Inc. has a twelve month low of $71.04 and a twelve month high of $1,085.68. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $837.17 and a two-hundred day moving average of $560.03.
Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same period last year, the firm earned $0.57 earnings per share. Lumentum's revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, analysts predict that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sachetta LLC increased its holdings in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after buying an additional 19 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in Lumentum in the first quarter valued at $25,000. Abel Hall LLC increased its holdings in Lumentum by 5.5% in the first quarter. Abel Hall LLC now owns 693 shares of the technology company's stock valued at $487,000 after buying an additional 36 shares in the last quarter. Checchi Capital Advisers LLC increased its holdings in Lumentum by 5.1% in the first quarter. Checchi Capital Advisers LLC now owns 790 shares of the technology company's stock valued at $555,000 after buying an additional 38 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in Lumentum by 2.9% in the first quarter. 180 Wealth Advisors LLC now owns 1,553 shares of the technology company's stock valued at $1,092,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.
Key Lumentum News
Here are the key news stories impacting Lumentum this week:
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of Lumentum from $455.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. Stifel Nicolaus boosted their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Northland Securities set a $1,000.00 target price on shares of Lumentum in a research report on Monday, April 20th. Needham & Company LLC boosted their target price on shares of Lumentum from $880.00 to $1,040.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Finally, Susquehanna boosted their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the company a "positive" rating in a research report on Monday, April 20th. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,012.43.
Get Our Latest Report on Lumentum
Lumentum Company Profile
(
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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