Jae Kim Sells 1,367 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) SVP Jae Kim sold 1,367 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $234.14, for a total transaction of $320,069.38. Following the completion of the sale, the senior vice president directly owned 38,570 shares in the company, valued at approximately $9,030,779.80. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jae Kim also recently made the following trade(s):

• On Tuesday, November 18th, Jae Kim sold 170 shares of Lumentum stock. The shares were sold at an average price of $246.00, for a total transaction of $41,820.00.
• On Friday, August 22nd, Jae Kim sold 4,507 shares of Lumentum stock. The shares were sold at an average price of $116.88, for a total transaction of $526,778.16.

Lumentum Trading Up 8.7%

Lumentum stock opened at $268.92 on Thursday. The company has a market cap of $19.07 billion, a price-to-earnings ratio of 180.48 and a beta of 1.48. The firm has a 50-day moving average of $186.34 and a 200-day moving average of $129.37. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $280.22.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wolfe Research reiterated an “outperform” rating and set a $240.00 price objective on shares of Lumentum in a research note on Wednesday, November 5th. Needham & Company LLC boosted their target price on shares of Lumentum from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Barclays increased their price target on shares of Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Mizuho started coverage on shares of Lumentum in a research report on Tuesday. They issued an “outperform” rating and a $290.00 price objective for the company. Finally, UBS Group upped their target price on shares of Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.88.

Institutional Trading of Lumentum

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Lumentum by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $463,198,000 after acquiring an additional 47,811 shares during the last quarter. Leeward Investments LLC MA lifted its holdings in shares of Lumentum by 14.8% in the second quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock worth $49,092,000 after acquiring an additional 66,541 shares during the last quarter. FORA Capital LLC acquired a new stake in shares of Lumentum in the 1st quarter valued at approximately $642,000. Corton Capital Inc. bought a new stake in shares of Lumentum during the 2nd quarter valued at approximately $272,000. Finally, Quantitative Investment Management LLC acquired a new position in Lumentum during the 1st quarter worth approximately $1,424,000. Institutional investors own 94.05% of the company’s stock.

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.