Lumentum (NASDAQ:LITE) Insider Sells 3,441 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the transaction, the insider directly owned 95,975 shares of the company’s stock, valued at $52,381,235.50. This represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Vincent Retort also recently made the following trade(s):

• On Thursday, February 12th, Vincent Retort sold 45,026 shares of Lumentum stock. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32.

Lumentum Stock Performance

Shares of LITE traded down $6.16 during mid-day trading on Wednesday, hitting $594.26. The company’s stock had a trading volume of 2,986,332 shares, compared to its average volume of 5,159,804. The stock’s 50-day moving average is $402.39 and its two-hundred day moving average is $262.50. The firm has a market capitalization of $42.43 billion, a PE ratio of 182.29 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $616.52.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business’s revenue was up 65.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, sell-side analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on LITE. B. Riley Financial upgraded Lumentum from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Susquehanna boosted their target price on Lumentum to $550.00 and gave the stock a “positive” rating in a research report on Wednesday, February 4th. Stifel Nicolaus lifted their target price on shares of Lumentum to $480.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Rosenblatt Securities increased their price target on shares of Lumentum to $580.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $447.38.

Hedge Funds Weigh In On Lumentum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LITE. Vanguard Group Inc. lifted its holdings in shares of Lumentum by 0.6% in the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after purchasing an additional 41,975 shares in the last quarter. Hood River Capital Management LLC raised its position in Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after buying an additional 994,551 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Lumentum by 18.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after acquiring an additional 291,591 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lumentum by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after acquiring an additional 123,265 shares in the last quarter. Finally, Situational Awareness LP lifted its position in shares of Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after purchasing an additional 880,800 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Company Profile

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.