Penny Herscher Sells 4,849 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Penny Herscher sold 4,849 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the completion of the sale, the director owned 6,057 shares of the company’s stock, valued at $3,243,402.36. This trade represents a 44.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lumentum Stock Performance

NASDAQ:LITE opened at $574.11 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The stock has a 50-day simple moving average of $383.45 and a two-hundred day simple moving average of $248.31. The firm has a market capitalization of $40.99 billion, a PE ratio of 176.11 and a beta of 1.51. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $599.50.

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

Analysts Set New Price Targets

LITE has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Lumentum to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Stifel Nicolaus upped their price objective on Lumentum to $480.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price for the company. in a research report on Friday, October 31st. Citigroup boosted their price target on Lumentum to $560.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Needham & Company LLC increased their price objective on shares of Lumentum to $550.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $444.94.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC raised its position in Lumentum by 16.0% during the fourth 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 increased its position in shares of Lumentum by 6.4% during the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after purchasing an additional 47 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Lumentum by 0.4% during 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 buying an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in Lumentum by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after buying an additional 64 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Lumentum by 9.6% during the fourth quarter. IFP Advisors Inc now owns 822 shares of the technology company’s stock worth $303,000 after buying an additional 72 shares during the period. Institutional investors own 94.05% of the company’s stock.

About Lumentum

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.