Lumentum (NASDAQ:LITE) Stock Price Down 11.8% on Insider Selling

Lumentum Holdings Inc. (NASDAQ:LITE) shares dropped 11.8% during mid-day trading on Thursday following insider selling activity. The company traded as low as $220.34 and last traded at $223.7360. Approximately 3,501,540 shares were traded during trading, an increase of 19% from the average daily volume of 2,946,201 shares. The stock had previously closed at $253.81.

Specifically, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the transaction, the director directly owned 9,764 shares of the company’s stock, valued at $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction on Monday, November 10th. The shares were sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the sale, the director directly owned 12,037 shares of the company’s stock, valued at approximately $3,254,684.43. The trade was a 45.38% decrease in their position. The SEC filing for this sale provides additional information. In other Lumentum news, CAO Matthew Joseph Sepe sold 4,232 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the transaction, the chief accounting officer owned 43,544 shares in the company, valued at approximately $10,434,448.72. This represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Several research firms have recently commented on LITE. B. Riley boosted their target price on shares of Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target for the company. in a research report on Friday, October 31st. Wolfe Research reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Lumentum in a report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Morgan Stanley reissued a “cautious” rating and set a $190.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.67.

Lumentum Stock Performance

The company has a 50-day simple moving average of $177.14 and a two-hundred day simple moving average of $122.97. 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 capitalization of $15.83 billion, a P/E ratio of 150.14 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The firm’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in shares of Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Lumentum during the third quarter valued at approximately $49,000. Cullen Frost Bankers Inc. purchased a new position in Lumentum in the 3rd quarter worth approximately $49,000. Huntington National Bank lifted its holdings in Lumentum by 4,125.0% in the third quarter. Huntington National Bank now owns 338 shares of the technology company’s stock valued at $55,000 after acquiring an additional 330 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Lumentum during the 2nd quarter valued at $38,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Company Profile

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.