Pamela Fletcher Sells 579 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Pamela Fletcher sold 579 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $250.00, for a total transaction of $144,750.00. Following the completion of the sale, the director owned 9,889 shares of the company’s stock, valued at $2,472,250. This trade represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lumentum Stock Performance

Shares of LITE stock traded up $5.36 on Tuesday, hitting $247.43. The company’s stock had a trading volume of 5,414,115 shares, compared to its average volume of 4,923,803. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $273.89. The stock’s 50 day moving average is $184.26 and its 200-day moving average is $128.38. The company has a market capitalization of $17.54 billion, a PE ratio of 166.06 and a beta of 1.48. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Lumentum in a report on Thursday, November 13th. Northland Securities set a $250.00 target price on shares of Lumentum in a research note on Wednesday, November 5th. Barclays raised their price target on shares of Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Mizuho started coverage on shares of Lumentum in a research report on Tuesday. They issued an “outperform” rating and a $290.00 price objective for the company. Finally, Morgan Stanley reissued a “cautious” rating and set a $190.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and an average target price of $196.88.

Institutional Trading of Lumentum

Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in shares of Lumentum by 27.0% in the 1st 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. Teachers Retirement System of The State of Kentucky lifted its stake in Lumentum by 73.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 38,738 shares of the technology company’s stock worth $2,415,000 after acquiring an additional 16,398 shares during the period. Allianz Asset Management GmbH bought a new stake in Lumentum in the first quarter valued at $3,411,000. Y Intercept Hong Kong Ltd purchased a new position in Lumentum during the 1st quarter valued at $1,236,000. Finally, Pinnacle Associates Ltd. lifted its position in shares of Lumentum by 2.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 339,689 shares of the technology company’s stock worth $21,176,000 after purchasing an additional 6,582 shares during the period. 94.05% of the stock is owned by institutional investors.

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.