Lumentum (NASDAQ:LITE) Director Pamela Fletcher Sells 579 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Pamela Fletcher sold 579 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $250.00, for a total transaction of $144,750.00. Following the transaction, the director directly owned 9,889 shares in the company, valued at approximately $2,472,250. The trade was a 5.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lumentum Stock Up 2.2%

Shares of NASDAQ LITE traded up $5.36 during midday trading on Tuesday, hitting $247.43. The company’s stock had a trading volume of 5,414,115 shares, compared to its average volume of 4,923,803. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The firm has a market capitalization of $17.54 billion, a price-to-earnings ratio of 166.06 and a beta of 1.48. The business’s fifty day simple moving average is $184.26 and its two-hundred day simple moving average is $128.38. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $273.89.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The firm had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $525.10 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s revenue was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Hedge Funds Weigh In On Lumentum

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Lumentum in the 1st quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Lumentum in the 2nd quarter worth $38,000. SVB Wealth LLC acquired a new position in shares of Lumentum during the first quarter worth about $40,000. Finally, MAI Capital Management grew its holdings in shares of Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after buying an additional 96 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LITE. B. Riley boosted their target price on shares of Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. KGI Securities started coverage on Lumentum in a research note on Monday, August 18th. They set an “outperform” rating on the stock. Susquehanna upped their target price on Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Rosenblatt Securities boosted their target price on shares of Lumentum to $280.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley restated a “cautious” rating and set a $190.00 price objective on shares of Lumentum in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $196.88.

About Lumentum

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 (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.