Lumentum Holdings Inc. (NASDAQ:LITE) CEO Alan S. Lowe sold 4,364 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $54.59, for a total transaction of $238,230.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Lumentum Holdings Inc. (LITE) opened at 55.30 on Friday. Lumentum Holdings Inc. has a 12-month low of $32.90 and a 12-month high of $60.00. The stock’s market cap is $3.40 billion. The company has a 50-day moving average of $55.94 and a 200 day moving average of $55.94.

Lumentum Holdings (NASDAQ:LITE) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.18. The business had revenue of $222.70 million during the quarter, compared to analysts’ expectations of $229.45 million. Lumentum Holdings had a positive return on equity of 18.12% and a negative net margin of 10.25%. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. Equities analysts anticipate that Lumentum Holdings Inc. will post $3.04 earnings per share for the current year.

WARNING: This article was first posted by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.watchlistnews.com/alan-s-lowe-sells-4364-shares-of-lumentum-holdings-inc-lite-stock/1612112.html.

Several research firms recently issued reports on LITE. B. Riley reissued a “buy” rating and issued a $77.00 target price on shares of Lumentum Holdings in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $75.00 target price on shares of Lumentum Holdings in a research report on Friday. Barclays PLC raised their target price on shares of Lumentum Holdings from $50.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Piper Jaffray Companies reissued an “overweight” rating and issued a $68.00 target price on shares of Lumentum Holdings in a research report on Thursday, August 10th. Finally, Needham & Company LLC reissued a “strong-buy” rating and issued a $80.00 target price on shares of Lumentum Holdings in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $66.25.

Several hedge funds and other institutional investors have recently made changes to their positions in LITE. BlackRock Inc. grew its stake in shares of Lumentum Holdings by 151,490.5% in the 1st quarter. BlackRock Inc. now owns 6,441,080 shares of the technology company’s stock valued at $343,632,000 after buying an additional 6,436,831 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Lumentum Holdings by 702.0% in the 1st quarter. Wellington Management Group LLP now owns 1,480,805 shares of the technology company’s stock valued at $79,000,000 after buying an additional 1,296,173 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lumentum Holdings by 71.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,662,272 shares of the technology company’s stock valued at $151,883,000 after buying an additional 1,107,107 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Lumentum Holdings in the 1st quarter valued at approximately $51,341,000. Finally, Columbus Circle Investors bought a new stake in shares of Lumentum Holdings in the 2nd quarter valued at approximately $34,743,000. 95.74% of the stock is owned by institutional investors and hedge funds.

Lumentum Holdings Company Profile

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

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

Receive News & Ratings for Lumentum Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumentum Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.