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

Lumentum Holdings Inc. (NASDAQ:LITEGet Free Report) insider Yuen Wupen sold 500 shares of Lumentum stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $856.83, for a total transaction of $428,415.00. Following the completion of the sale, the insider owned 112,627 shares of the company’s stock, valued at $96,502,192.41. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Friday, September 18th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $920.00, for a total value of $460,000.00.
  • 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 transaction of $480,720.00.
  • On Tuesday, September 8th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were 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 value of $430,000.00.
  • On Wednesday, September 2nd, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $864.49, for a total value 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 value of $447,500.00.
  • On Friday, August 28th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $940.95, for a total transaction of $470,475.00.
  • On Wednesday, August 26th, Yuen Wupen sold 500 shares of Lumentum stock. The stock was sold at an average price of $882.15, for a total transaction of $441,075.00.
  • On Monday, August 24th, Yuen Wupen sold 500 shares of Lumentum stock. The shares were sold at an average price of $824.24, for a total transaction of $412,120.00.

Lumentum Stock Performance

LITE traded up $37.30 on Friday, reaching $930.91. The company had a trading volume of 9,242,854 shares, compared to its average volume of 5,576,608. Lumentum Holdings Inc. has a 1 year low of $144.52 and a 1 year high of $1,085.68. The stock has a market capitalization of $83.50 billion, a PE ratio of -11.32 and a beta of 1.53. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $840.78 and a 200-day moving average price of $833.27.

Lumentum (NASDAQ:LITEGet Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same quarter last year, the company posted $0.88 earnings per share. The business’s quarterly revenue was up 109.3% compared to the same quarter last year. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LITE. Evercore started coverage on shares of Lumentum in a report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 target price for the company. Weiss Ratings cut Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Northland Securities increased their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Citigroup reissued a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. Finally, TD Cowen upped their price target on Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and an average target price of $1,053.83.

Get Our Latest Report on LITE

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LITE. Sequoia Financial Advisors LLC lifted its position in Lumentum by 36.9% in the second quarter. Sequoia Financial Advisors LLC now owns 2,272 shares of the technology company’s stock valued at $1,950,000 after purchasing an additional 612 shares during the period. Van Hulzen Asset Management LLC purchased a new stake in Lumentum in the 2nd quarter valued at approximately $644,000. Arlington Capital Management Inc. increased its position in Lumentum by 196.3% during the 2nd quarter. Arlington Capital Management Inc. now owns 883 shares of the technology company’s stock worth $758,000 after purchasing an additional 585 shares during the period. Gemmer Asset Management LLC purchased a new position in shares of Lumentum during the 2nd quarter worth approximately $1,517,000. Finally, National Pension Service raised its stake in shares of Lumentum by 2,501.2% during the 2nd quarter. National Pension Service now owns 104,049 shares of the technology company’s stock worth $89,280,000 after buying an additional 100,049 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

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.

See Also

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

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