Key Points
- Lumentum insider Yuen Wupen sold 500 shares for $467,875 at an average price of $935.75 under a pre-arranged Rule 10b5-1 trading plan. After the sale, Wupen retained 109,127 shares valued at approximately $102.1 million.
- The transaction continues a series of 500-share sales made by Wupen throughout September, totaling more than $4.4 million across the reported trades.
- Lumentum reported stronger-than-expected quarterly results, with $3.23 in earnings per share and $1.01 billion in revenue, up 109.3% year over year. Analysts maintain a “Moderate Buy” consensus rating 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 firm's stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $935.75, for a total transaction of $467,875.00. Following the sale, the insider owned 109,127 shares of the company's stock, valued at approximately $102,115,590.25. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yuen Wupen also recently made the following trade(s):
- On Wednesday, September 23rd, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $946.56, for a total transaction of $473,280.00.
- On Monday, September 21st, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $959.27, for a total transaction of $479,635.00.
- On Friday, September 18th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $920.00, for a total transaction of $460,000.00.
- On Wednesday, September 16th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $856.83, for a total transaction of $428,415.00.
- On Monday, September 14th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $862.14, for a total transaction of $431,070.00.
- On Thursday, September 10th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $961.44, for a total transaction 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 stock was 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 value 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 value of $447,500.00.
Lumentum Price Performance
NASDAQ:LITE opened at $941.65 on Friday. Lumentum Holdings Inc. has a 52 week low of $147.81 and a 52 week high of $1,085.68. The stock's fifty day moving average is $862.03 and its two-hundred day moving average is $843.32. The company has a market capitalization of $84.47 billion, a P/E ratio of -11.45 and a beta of 1.53. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.
Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company's revenue was up 109.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts expect that Lumentum Holdings Inc. will post 19.78 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on LITE shares. Weiss Ratings lowered shares of Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. boosted their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lumentum in a report on Monday, August 31st. They issued a "buy" rating and a $1,200.00 price objective on the stock. Bank of America lowered their price objective on shares of Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating for the company in a research report on Wednesday, August 12th. Finally, Citigroup reiterated a "buy" rating on shares of Lumentum in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Lumentum currently has an average rating of "Moderate Buy" and an average price target of $1,053.83.
View Our Latest Analysis on Lumentum
Institutional Investors Weigh In On Lumentum
Several large investors have recently added to or reduced their stakes in LITE. Jupiter Topco LLC purchased a new position in Lumentum in the 2nd quarter valued at approximately $1,621,396,000. Norges Bank purchased a new stake in shares of Lumentum during the fourth quarter worth $474,495,000. Situational Awareness LP increased its position in shares of Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company's stock worth $478,577,000 after acquiring an additional 880,800 shares during the period. Aspex Management HK Ltd acquired a new stake in shares of Lumentum in the fourth quarter valued at $251,363,000. Finally, WT Asset Management Ltd acquired a new stake in shares of Lumentum in the second quarter valued at $494,688,000. 94.05% of the stock is owned by hedge funds and other institutional investors.
Lumentum Company Profile
(
Get Free Report)
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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