Lumentum (NASDAQ:LITE) Director Sells 3,421 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the transaction, the director directly owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. This trade represents a 24.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pamela Fletcher also recently made the following trade(s):

• On Monday, November 17th, Pamela Fletcher sold 579 shares of Lumentum stock. The shares were sold at an average price of $250.00, for a total transaction of $144,750.00.

Lumentum Stock Performance

Lumentum stock traded up $22.35 during midday trading on Friday, reaching $255.59. 7,703,637 shares of the company’s stock were exchanged, compared to its average volume of 3,037,332. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $282.66. The stock’s 50-day simple moving average is $187.70 and its 200 day simple moving average is $130.09. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. The firm has a market cap of $18.12 billion, a price-to-earnings ratio of 171.54 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The firm’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Needham & Company LLC lifted their target price on Lumentum from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Susquehanna increased their target price on Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. B. Riley lifted their price objective on shares of Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Citigroup started coverage on shares of Lumentum in a report on Friday, August 29th. They set a “buy” rating and a $165.00 target price on the stock. Finally, Morgan Stanley reaffirmed a “cautious” rating and set a $190.00 price target on shares of Lumentum in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.88.

Institutional Trading of Lumentum

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in shares of Lumentum by 27.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,837 shares of the technology company’s stock worth $800,000 after acquiring an additional 2,729 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Lumentum by 73.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 38,738 shares of the technology company’s stock valued at $2,415,000 after purchasing an additional 16,398 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Lumentum in the 1st quarter worth approximately $3,411,000. Y Intercept Hong Kong Ltd purchased a new position in Lumentum during the 1st quarter valued at $1,236,000. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Lumentum by 2.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 339,689 shares of the technology company’s stock worth $21,176,000 after buying an additional 6,582 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Lumentum

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.