Lumentum (NASDAQ:LITE) Insider Sells $1,878,028.98 in Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the transaction, the insider directly owned 95,975 shares in the company, valued at $52,381,235.50. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Vincent Retort also recently made the following trade(s):

• On Thursday, February 12th, Vincent Retort sold 45,026 shares of Lumentum stock. The shares were sold at an average price of $591.32, for a total transaction of $26,624,774.32.

Lumentum Stock Performance

NASDAQ LITE traded down $6.16 on Wednesday, hitting $594.26. 2,986,332 shares of the stock were exchanged, compared to its average volume of 5,159,804. The company has a market capitalization of $42.43 billion, a PE ratio of 182.29 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The business’s fifty day moving average is $402.39 and its 200 day moving average is $262.50. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $616.52.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. Lumentum’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Lumentum

A number of hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its holdings in Lumentum by 7,168.8% in the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after acquiring an additional 357,367 shares during the last quarter. FengHe Fund Management Pte. Ltd. bought a new position in Lumentum during the 3rd quarter worth approximately $71,771,000. Pacer Advisors Inc. acquired a new position in shares of Lumentum in the 3rd quarter worth approximately $1,512,000. Leeward Investments LLC MA boosted its stake in shares of Lumentum by 14.8% in the 2nd quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after purchasing an additional 66,541 shares during the last quarter. Finally, Braun Stacey Associates Inc. acquired a new stake in shares of Lumentum during the third quarter worth $15,125,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LITE. Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Bank of America raised their price target on Lumentum to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Wolfe Research reissued an “outperform” rating and issued a $240.00 price objective on shares of Lumentum in a research note on Wednesday, November 5th. Finally, Rosenblatt Securities upped their target price on Lumentum to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $447.38.

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.