Lumentum (NASDAQ:LITE) CAO Sells $1,014,114.16 in Stock

Lumentum Holdings Inc. (NASDAQ:LITE) CAO Matthew Joseph Sepe sold 4,232 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $239.63, for a total value of $1,014,114.16. Following the completion of the transaction, the chief accounting officer owned 43,544 shares of the company’s stock, valued at $10,434,448.72. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Lumentum Trading Up 8.2%

NASDAQ:LITE traded up $19.78 during mid-day trading on Monday, reaching $259.89. The company’s stock had a trading volume of 7,125,818 shares, compared to its average volume of 2,932,266. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The stock has a market cap of $18.43 billion, a P/E ratio of 174.42 and a beta of 1.48. The company’s fifty day simple moving average is $169.80 and its two-hundred day simple moving average is $119.28. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $273.89.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company had revenue of $533.80 million during the quarter, compared to the consensus estimate of $525.10 million. During the same quarter in the prior year, the company posted $0.18 EPS. The company’s quarterly revenue was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Institutional Trading of Lumentum

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in Lumentum during the 1st quarter valued at approximately $260,000. Teacher Retirement System of Texas purchased a new position in shares of Lumentum during the 1st quarter valued at approximately $626,000. Principal Financial Group Inc. grew its position in shares of Lumentum by 1.1% during the first quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company’s stock worth $9,922,000 after buying an additional 1,660 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Lumentum by 27.0% in the first quarter. Envestnet Asset Management Inc. now owns 12,837 shares of the technology company’s stock worth $800,000 after buying an additional 2,729 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in Lumentum by 1.8% in the first quarter. State of Michigan Retirement System now owns 16,528 shares of the technology company’s stock valued at $1,030,000 after acquiring an additional 300 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on LITE. Citigroup began coverage on shares of Lumentum in a research note on Friday, August 29th. They set a “buy” rating and a $165.00 price objective for the company. Stifel Nicolaus set a $220.00 target price on Lumentum in a report on Wednesday, November 5th. Bank of America upgraded Lumentum from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $78.00 to $135.00 in a research note on Wednesday, August 13th. Needham & Company LLC raised their price objective on Lumentum from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, UBS Group lifted their price objective on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.67.

About Lumentum

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.