Yuen Wupen Sells 500 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 500 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $959.27, for a total value of $479,635.00. Following the sale, the insider directly owned 111,127 shares of the company’s stock, valued at $106,600,797.29. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 23rd, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $946.56, for a total value of $473,280.00.
• On Friday, September 18th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $920.00, for a total value of $460,000.00.
• On Wednesday, September 16th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $856.83, for a total value of $428,415.00.
• On Monday, September 14th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $862.14, for a total value of $431,070.00.
• On Thursday, September 10th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $961.44, for a total transaction of $480,720.00.
• On Tuesday, September 8th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $895.99, for a total transaction of $447,995.00.
• On Friday, September 4th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $860.00, for a total transaction of $430,000.00.
• On Wednesday, September 2nd, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $864.49, for a total transaction of $432,245.00.
• On Monday, August 31st, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $895.00, for a total transaction of $447,500.00.
• On Friday, August 28th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $940.95, for a total transaction of $470,475.00.

Lumentum Trading Down 0.9%

Shares of NASDAQ LITE traded down $8.67 during midday trading on Wednesday, hitting $937.00. The stock had a trading volume of 3,251,019 shares, compared to its average volume of 5,552,487. The company’s 50-day simple moving average is $849.70 and its 200 day simple moving average is $838.01. The firm has a market cap of $84.05 billion, a P/E ratio of -11.40 and a beta of 1.53. Lumentum Holdings Inc. has a fifty-two week low of $144.52 and a fifty-two week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.26. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The firm’s revenue for the quarter was up 109.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new stake in Lumentum during the first quarter worth about $25,000. Sachetta LLC lifted its holdings in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Lumentum during the 2nd quarter worth approximately $40,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Lumentum during the 2nd quarter worth approximately $41,000. Finally, Fiduciary Financial Advisors bought a new position in Lumentum in the second quarter valued at approximately $42,000. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

LITE has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price objective on shares of Lumentum in a research note on Wednesday. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Northland Securities upped their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Wolfe Research reissued an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,053.83.

About Lumentum

Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.