Isaac Hosojiro Harris Sells 7,200 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Isaac Hosojiro Harris sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the transaction, the director directly owned 9,764 shares in the company, valued at $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lumentum Stock Down 10.6%

LITE stock opened at $226.86 on Friday. The company has a 50 day moving average of $178.84 and a two-hundred day moving average of $123.70. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 152.26 and a beta of 1.48. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $273.89. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LITE. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Lumentum by 0.4% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock valued at $2,532,000 after purchasing an additional 64 shares during the period. UMB Bank n.a. grew its holdings in shares of Lumentum by 11.2% during the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock worth $150,000 after buying an additional 93 shares in the last quarter. MAI Capital Management raised its position in Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after buying an additional 96 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Lumentum by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock valued at $1,854,000 after buying an additional 100 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in Lumentum by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock valued at $2,468,000 after acquiring an additional 100 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LITE shares. B. Riley boosted their price target on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Wolfe Research reissued an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Northland Securities set a $250.00 price target on shares of Lumentum in a report on Wednesday, November 5th. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a research note on Friday, October 31st. Finally, Needham & Company LLC upped their price objective on shares of Lumentum from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average price target of $190.67.

Lumentum Company Profile

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.