Vincent Retort Sells 3,441 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Vincent Retort sold 3,441 shares of Lumentum stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the completion of the sale, the insider owned 95,975 shares in the company, valued at approximately $52,381,235.50. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vincent Retort also recently made the following trade(s):

• On Thursday, February 12th, Vincent Retort sold 45,026 shares of Lumentum stock. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32.

Lumentum Stock Performance

Shares of NASDAQ:LITE opened at $635.64 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $636.68. The firm has a market capitalization of $45.38 billion, a PE ratio of 194.98 and a beta of 1.51. The business’s 50 day moving average price is $412.23 and its 200-day moving average price is $267.39.

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

Hedge Funds Weigh In On Lumentum

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after purchasing an additional 131 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lumentum during the fourth quarter worth $28,000. Truvestments Capital LLC grew its stake in shares of Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of Lumentum in the 4th quarter valued at $30,000. Finally, Danske Bank A S acquired a new position in Lumentum during the 3rd quarter worth about $33,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America increased their price objective on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and increased their price target for the company from $147.00 to $526.00 in a report on Wednesday, February 4th. Mizuho boosted their price objective on Lumentum to $645.00 and gave the stock an “outperform” rating in a research note on Tuesday. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus price target of $447.38.

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.