Insider Selling: Lumentum (NASDAQ:LITE) Insider Sells 45,026 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the sale, the insider owned 102,455 shares in the company, valued at approximately $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Lumentum Stock Performance

LITE stock traded down $20.72 during midday trading on Friday, hitting $562.74. The stock had a trading volume of 4,954,174 shares, compared to its average volume of 5,229,054. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $603.83. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $393.19 and a 200 day simple moving average of $253.80. The firm has a market capitalization of $40.18 billion, a price-to-earnings ratio of 172.62 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm’s revenue was up 65.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Institutional Trading of Lumentum

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC grew its position in shares of Lumentum by 16.0% in the 4th quarter. Parallel Advisors LLC now owns 326 shares of the technology company’s stock valued at $120,000 after purchasing an additional 45 shares during the period. Allworth Financial LP grew its holdings in shares of Lumentum by 6.4% during the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after buying an additional 47 shares in the last quarter. UMB Bank n.a. raised its position in Lumentum by 5.2% in the 4th quarter. UMB Bank n.a. now owns 968 shares of the technology company’s stock valued at $357,000 after buying an additional 48 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Lumentum by 0.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock valued at $5,208,000 after acquiring an additional 60 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in Lumentum by 0.4% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after acquiring an additional 64 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LITE shares. Northland Securities set a $350.00 price objective on Lumentum in a research note on Wednesday, December 3rd. B.Riley Securit raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Needham & Company LLC boosted their target price on Lumentum to $550.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their target price on Lumentum to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $444.94.

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.