Yuen Wupen Sells 821 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 821 shares of Lumentum stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $234.14, for a total value of $192,228.94. Following the transaction, the insider directly owned 96,720 shares in the company, valued at approximately $22,646,020.80. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Yuen Wupen also recently made the following trade(s):

• On Wednesday, August 27th, Yuen Wupen sold 3,281 shares of Lumentum stock. The shares were sold at an average price of $124.86, for a total transaction of $409,665.66.
• On Monday, August 25th, Yuen Wupen sold 3,282 shares of Lumentum stock. The stock was sold at an average price of $119.25, for a total value of $391,378.50.

Lumentum Trading Up 2.2%

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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. PointState Capital LP bought a new stake in shares of Lumentum in the first quarter valued at about $213,503,000. Arrowstreet Capital Limited Partnership increased its stake in Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after acquiring an additional 1,545,199 shares during the period. Hood River Capital Management LLC raised its holdings 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 acquiring an additional 994,551 shares in the last quarter. Analog Century Management LP acquired a new position in Lumentum in the 1st quarter valued at approximately $60,348,000. Finally, Norges Bank bought a new stake in shares of Lumentum in the 2nd quarter worth approximately $82,983,000. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LITE shares. KGI Securities initiated coverage on Lumentum in a report on Monday, August 18th. They issued an “outperform” rating on the stock. Citigroup initiated coverage on shares of Lumentum in a research report on Friday, August 29th. They issued a “buy” rating and a $165.00 target price for the company. Wolfe Research restated an “outperform” rating and set a $240.00 price target on shares of Lumentum in a research note on Wednesday, November 5th. Northland Securities set a $250.00 price objective on shares of Lumentum in a research note on Wednesday, November 5th. Finally, Morgan Stanley reiterated a “cautious” rating and issued a $190.00 price objective on shares of Lumentum in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Lumentum 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.