Lumentum (NASDAQ:LITE) Insider Yuen Wupen Sells 500 Shares of Stock

Lumentum Holdings Inc. (NASDAQ:LITEGet Free Report) insider Yuen Wupen sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $946.56, for a total transaction of $473,280.00. Following the completion of the transaction, the insider directly owned 110,127 shares of the company’s stock, valued at $104,241,813.12. This trade represents a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yuen Wupen also recently made the following trade(s):

  • On Monday, September 21st, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $959.27, for a total transaction of $479,635.00.
  • On Friday, September 18th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $920.00, for a total value of $460,000.00.
  • On Wednesday, September 16th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $856.83, for a total value of $428,415.00.
  • On Monday, September 14th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $862.14, for a total value of $431,070.00.
  • On Thursday, September 10th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $961.44, for a total value of $480,720.00.
  • On Tuesday, September 8th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $895.99, for a total value of $447,995.00.
  • On Friday, September 4th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $860.00, for a total transaction of $430,000.00.
  • On Wednesday, September 2nd, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $864.49, for a total transaction of $432,245.00.
  • On Monday, August 31st, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $895.00, for a total transaction of $447,500.00.
  • On Friday, August 28th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $940.95, for a total transaction of $470,475.00.

Lumentum Stock Performance

NASDAQ:LITE traded down $8.67 during trading hours on Wednesday, hitting $937.00. 3,251,019 shares of the company were exchanged, compared to its average volume of 5,552,487. The stock has a market capitalization of $84.05 billion, a price-to-earnings ratio of -11.40 and a beta of 1.53. Lumentum Holdings Inc. has a 52-week low of $144.52 and a 52-week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company’s 50 day moving average price is $849.70 and its 200-day moving average price is $838.01.

Lumentum (NASDAQ:LITEGet Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. Lumentum’s revenue for the quarter was up 109.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts forecast that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.

Hedge Funds Weigh In On Lumentum

A number of institutional investors have recently modified their holdings of LITE. Jupiter Topco LLC acquired a new position in shares of Lumentum in the 2nd quarter valued at about $1,621,396,000. Arrowstreet Capital Limited Partnership grew its holdings in Lumentum by 18.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock worth $683,661,000 after acquiring an additional 291,591 shares during the period. Geode Capital Management LLC raised its position in Lumentum by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after acquiring an additional 123,265 shares in the last quarter. Situational Awareness LP raised its position in Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after acquiring an additional 880,800 shares in the last quarter. Finally, Norges Bank acquired a new position in Lumentum in the fourth quarter valued at approximately $474,495,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the subject of a number of research analyst reports. UBS Group set a $820.00 target price on Lumentum in a research note on Wednesday, August 12th. TD Cowen raised their price objective on Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft started coverage on Lumentum in a research report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 target price on the stock. Finally, Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,053.83.

View Our Latest Research Report on Lumentum

Lumentum Company Profile

(Get Free Report)

Lumentum Holdings Inc (NASDAQ: LITE) designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.

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Insider Buying and Selling by Quarter for Lumentum (NASDAQ:LITE)

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