Key Points
- Lumentum insider Yuen Wupen sold 500 shares at an average price of $862.14, generating $431,070. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving the insider with 113,627 shares.
- The sale follows a series of insider transactions in which Wupen sold shares repeatedly since August 20, totaling thousands of shares and several million dollars in proceeds.
- Lumentum recently beat quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus with an average price target of $1,053.83.
Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) insider Yuen Wupen sold 500 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $862.14, for a total value of $431,070.00. Following the sale, the insider owned 113,627 shares of the company's stock, valued at $97,962,381.78. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yuen Wupen also recently made the following trade(s):
- On Thursday, September 10th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $961.44, for a total value of $480,720.00.
- On Tuesday, September 8th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $895.99, for a total value of $447,995.00.
- On Friday, September 4th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $860.00, for a total value of $430,000.00.
- On Wednesday, September 2nd, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $864.49, for a total transaction of $432,245.00.
- On Monday, August 31st, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $895.00, for a total transaction of $447,500.00.
- On Friday, August 28th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $940.95, for a total transaction of $470,475.00.
- On Wednesday, August 26th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $882.15, for a total transaction of $441,075.00.
- On Monday, August 24th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $824.24, for a total transaction of $412,120.00.
- On Friday, August 21st, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $898.15, for a total transaction of $449,075.00.
- On Thursday, August 20th, Yuen Wupen sold 1,500 shares of Lumentum stock. The shares were sold at an average price of $827.82, for a total transaction of $1,241,730.00.
Lumentum Stock Performance
Lumentum stock opened at $838.96 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The firm has a market cap of $75.25 billion, a P/E ratio of -10.21 and a beta of 1.53. Lumentum Holdings Inc. has a 1-year low of $144.52 and a 1-year high of $1,085.68. The firm has a 50-day moving average of $834.38 and a 200-day moving average of $830.21.
Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.Lumentum's revenue was up 109.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts expect that Lumentum Holdings Inc. will post 19.78 EPS for the current year.
Institutional Investors Weigh In On Lumentum
Hedge funds have recently made changes to their positions in the company. CYBER HORNET ETFs LLC boosted its holdings in shares of Lumentum by 7.2% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company's stock worth $179,000 after purchasing an additional 14 shares during the period. Hilltop National Bank lifted its position in Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company's stock worth $61,000 after buying an additional 15 shares during the last quarter. Sachetta LLC boosted its stake in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after buying an additional 19 shares during the period. Toth Financial Advisory Corp boosted its stake in Lumentum by 127.3% during the second quarter. Toth Financial Advisory Corp now owns 50 shares of the technology company's stock worth $43,000 after buying an additional 28 shares during the period. Finally, Versant Capital Management Inc increased its position in Lumentum by 39.5% during the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company's stock valued at $91,000 after acquiring an additional 30 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Northland Securities upped their target price on Lumentum from $1,000.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. Evercore started coverage on shares of Lumentum in a report on Monday, August 31st. They issued an "outperform" rating and a $1,100.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Citigroup restated a "buy" rating on shares of Lumentum in a report on Wednesday, August 12th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $1,036.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Lumentum currently has an average rating of "Moderate Buy" and a consensus price target of $1,053.83.
Get Our Latest Report on LITE
About Lumentum
(
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Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.
The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.
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