Lumentum Holdings Inc (NASDAQ:LITE) COO Vincent Retort Sells 1,204 Shares

Lumentum Holdings Inc (NASDAQ:LITE) COO Vincent Retort sold 1,204 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.91, for a total transaction of $82,967.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, November 15th, Vincent Retort sold 3,221 shares of Lumentum stock. The shares were sold at an average price of $68.59, for a total transaction of $220,928.39.
  • On Wednesday, August 28th, Vincent Retort sold 8,904 shares of Lumentum stock. The shares were sold at an average price of $56.74, for a total transaction of $505,212.96.

Lumentum stock traded up $0.34 during mid-day trading on Tuesday, hitting $69.25. 826,500 shares of the stock were exchanged, compared to its average volume of 1,502,071. The company has a quick ratio of 3.85, a current ratio of 4.49 and a debt-to-equity ratio of 0.58. Lumentum Holdings Inc has a 12 month low of $37.29 and a 12 month high of $69.41. The firm’s fifty day simple moving average is $58.72 and its two-hundred day simple moving average is $54.95. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.72 and a beta of 1.37.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.24. Lumentum had a negative net margin of 2.18% and a positive return on equity of 17.81%. The firm had revenue of $449.90 million during the quarter, compared to analyst estimates of $448.16 million. During the same quarter last year, the business earned $1.31 EPS. The company’s revenue was up 27.1% compared to the same quarter last year. As a group, analysts forecast that Lumentum Holdings Inc will post 3.99 earnings per share for the current fiscal year.

LITE has been the subject of a number of research reports. UBS Group set a $71.00 price objective on shares of Lumentum and gave the company a “buy” rating in a report on Friday, November 1st. Zacks Investment Research lowered shares of Lumentum from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. B. Riley raised their price objective on shares of Lumentum from $71.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. MKM Partners set a $75.00 price objective on shares of Lumentum and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Barclays raised their price objective on shares of Lumentum from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $71.07.

Several large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in shares of Lumentum by 1.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 13,944 shares of the technology company’s stock valued at $746,000 after acquiring an additional 214 shares in the last quarter. Bridge City Capital LLC increased its stake in shares of Lumentum by 0.5% in the 2nd quarter. Bridge City Capital LLC now owns 50,443 shares of the technology company’s stock valued at $2,694,000 after acquiring an additional 243 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Lumentum by 6.6% in the 3rd quarter. LS Investment Advisors LLC now owns 4,003 shares of the technology company’s stock valued at $214,000 after acquiring an additional 249 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Lumentum by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 86,808 shares of the technology company’s stock valued at $4,636,000 after acquiring an additional 280 shares in the last quarter. Finally, Hayden Royal LLC increased its stake in shares of Lumentum by 8.0% in the 2nd quarter. Hayden Royal LLC now owns 4,050 shares of the technology company’s stock valued at $215,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments, Optical Communications and Commercial Lasers. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text data over high-capacity fiber optic cables.

Featured Story: Key terms to understand channel trading

Insider Buying and Selling by Quarter for Lumentum (NASDAQ:LITE)

Receive News & Ratings for Lumentum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumentum and related companies with MarketBeat.com's FREE daily email newsletter.