Lumentum (NASDAQ:LITE) SVP Jae Kim Sells 170 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) SVP Jae Kim sold 170 shares of Lumentum stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total value of $41,820.00. Following the sale, the senior vice president owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. This represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Jae Kim also recently made the following trade(s):

• On Monday, November 17th, Jae Kim sold 1,367 shares of Lumentum stock. The stock was sold at an average price of $234.14, for a total transaction of $320,069.38.
• On Friday, August 22nd, Jae Kim sold 4,507 shares of Lumentum stock. The stock was sold at an average price of $116.88, for a total transaction of $526,778.16.

Lumentum Stock Performance

Shares of LITE opened at $247.43 on Wednesday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $273.89. The company’s 50 day simple moving average is $184.26 and its 200 day simple moving average is $128.38. The company has a market capitalization of $17.54 billion, a price-to-earnings ratio of 166.06 and a beta of 1.48. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37.

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

Hedge Funds Weigh In On Lumentum

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PointState Capital LP purchased a new position in Lumentum in the 1st quarter worth approximately $213,503,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares in the last quarter. Hood River Capital Management LLC lifted its position in shares of Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares in the last quarter. Analog Century Management LP purchased a new position in shares of Lumentum in the first quarter valued at $60,348,000. Finally, Norges Bank acquired a new stake in Lumentum during the 2nd quarter valued at $82,983,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LITE shares. Citigroup started coverage on shares of Lumentum in a report on Friday, August 29th. They issued a “buy” rating and a $165.00 target price for the company. Needham & Company LLC upped their price target on Lumentum from $180.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Rosenblatt Securities lifted their price objective on Lumentum to $280.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. boosted their target price on Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Barclays raised their price target on shares of Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.88.

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.