Lumentum (NASDAQ:LITE) Insider Vincent Retort Sells 2,483 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Vincent Retort sold 2,483 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $2,055,477.06. Following the completion of the transaction, the insider owned 109,438 shares of the company’s stock, valued at $90,594,965.16. This trade represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 18th, Vincent Retort sold 3,183 shares of Lumentum stock. The stock was sold at an average price of $909.43, for a total transaction of $2,894,715.69.

Lumentum Stock Performance

Lumentum stock traded down $12.57 during trading on Friday, hitting $866.71. The stock had a trading volume of 3,660,169 shares, compared to its average volume of 5,335,184. The stock’s 50 day moving average is $809.76 and its two-hundred day moving average is $790.21. Lumentum Holdings Inc. has a 1 year low of $115.89 and a 1 year high of $1,085.68. The stock has a market cap of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50. 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) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same period last year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LITE. Morgan Stanley raised their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a research report on Friday. Craig Hallum boosted their target price on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating and issued a $1,200.00 target price on shares of Lumentum in a research note on Wednesday, May 6th. Finally, Northland Securities raised their price target on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LITE. AXQ Capital LP bought a new stake in Lumentum in the second quarter worth $5,371,000. Nykredit A S purchased a new position in shares of Lumentum in the second quarter worth about $72,186,000. XML Financial LLC increased its holdings in shares of Lumentum by 13.1% in the second quarter. XML Financial LLC now owns 718 shares of the technology company’s stock worth $616,000 after buying an additional 83 shares during the period. Triumph Capital Management lifted its stake in shares of Lumentum by 176.7% in the 2nd quarter. Triumph Capital Management now owns 833 shares of the technology company’s stock valued at $715,000 after acquiring an additional 532 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its stake in shares of Lumentum by 25.1% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 424 shares of the technology company’s stock valued at $364,000 after acquiring an additional 85 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
• Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
• Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
• Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
• Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

About Lumentum

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.