Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) shares were down 3.1% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $923.00 and last traded at $970.70. Approximately 10,084,946 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 6,032,634 shares. The stock had previously closed at $1,001.81.
Specifically, Director Pamela Fletcher sold 1,578 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $940.82, for a total value of $1,484,613.96. Following the completion of the sale, the director directly owned 7,406 shares of the company’s stock, valued at approximately $6,967,712.92. This represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela Fletcher sold 1,577 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $1,003.38, for a total transaction of $1,582,330.26. Following the completion of the sale, the director directly owned 8,984 shares of the company’s stock, valued at $9,014,365.92. The trade was a 14.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, SVP Jae Kim sold 1,933 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $950.99, for a total value of $1,838,263.67. Following the completion of the sale, the senior vice president directly owned 35,114 shares of the company’s stock, valued at approximately $33,393,062.86. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on LITE shares. Stifel Nicolaus upped their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Northland Securities set a $1,000.00 price target on shares of Lumentum in a research note on Monday, April 20th. Craig Hallum boosted their price target on shares of Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Citic Securities boosted their price target on shares of Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Finally, Citigroup boosted their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,012.43.
Trending Headlines about Lumentum
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
- Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
- Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
- Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum’s Components Business Accelerates: More Upside Ahead?
- Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18
Lumentum Trading Down 3.1%
The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The business’s 50 day moving average price is $809.96 and its 200-day moving average price is $535.23. The firm has a market capitalization of $75.52 billion, a price-to-earnings ratio of 179.76 and a beta of 1.53.
Lumentum (NASDAQ:LITE – Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts forecast that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Lumentum by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after buying an additional 41,975 shares during the period. Arrowstreet Capital Limited Partnership grew its position 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 buying an additional 291,591 shares during the period. Geode Capital Management LLC grew 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 worth $521,563,000 after buying an additional 123,265 shares during the period. Situational Awareness LP grew 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 worth $478,577,000 after buying an additional 880,800 shares during the period. Finally, Norges Bank acquired a new position in Lumentum during the fourth quarter worth about $474,495,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.
Lumentum Company Profile
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.
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