Yuen Wupen Sells 3,157 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lumentum Trading Up 7.0%

Shares of LITE stock opened at $635.64 on Friday. The company has a market capitalization of $45.38 billion, a P/E ratio of 194.98 and a beta of 1.51. 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 business’s 50 day moving average is $412.23 and its two-hundred day moving average is $267.39. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $636.68.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping 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 business had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The company’s quarterly 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. Equities analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in shares of Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares in the last quarter. NewEdge Advisors LLC raised its position in Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after acquiring an additional 6,275 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Lumentum by 9.1% in the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after purchasing an additional 680 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Lumentum by 42.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,691 shares of the technology company’s stock valued at $636,000 after purchasing an additional 1,987 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Lumentum by 13.3% in the second quarter. Allianz Asset Management GmbH now owns 61,978 shares of the technology company’s stock valued at $5,892,000 after purchasing an additional 7,256 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LITE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Rosenblatt Securities boosted their target price on Lumentum to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. increased their target price on Lumentum to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Wall Street Zen cut Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Mizuho upped their price objective on Lumentum to $645.00 and gave the stock an “outperform” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $447.38.

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.