Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) insider Yuen Wupen sold 1,500 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the sale, the insider directly owned 100,434 shares in the company, valued at approximately $83,141,273.88. This represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Yuen Wupen also recently made the following trade(s):
- On Friday, August 21st, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $898.15, for a total value of $449,075.00.
Lumentum Stock Down 1.4%
Shares of NASDAQ LITE opened at $866.71 on Friday. Lumentum Holdings Inc. has a 52-week low of $115.89 and a 52-week high of $1,085.68. The firm has a market capitalization of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50. The stock has a 50 day moving average price of $809.76 and a 200 day moving average price of $790.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.
More Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
- Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
- Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
- Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
- Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on LITE. Bank of America reduced their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Morgan Stanley lifted their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Wolfe Research reissued an “outperform” rating on shares of Lumentum in a report on Friday. Finally, Barclays increased their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,044.67.
View Our Latest Analysis on LITE
Institutional Trading of Lumentum
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jupiter Topco LLC acquired a new position in Lumentum in the second quarter valued at approximately $1,621,396,000. Arrowstreet Capital Limited Partnership increased its position in Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after acquiring an additional 1,545,199 shares during the period. Norges Bank purchased a new stake in shares of Lumentum during the fourth quarter worth approximately $474,495,000. Value Aligned Research Advisors LLC purchased a new stake in shares of Lumentum in the fourth quarter valued at about $432,062,000. Finally, Situational Awareness LP lifted its position in Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after purchasing an additional 880,800 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.
About Lumentum
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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