Vincent Retort Sells 45,026 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) insider Vincent Retort sold 45,026 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the sale, the insider directly owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Lumentum Stock Down 3.6%

Shares of Lumentum stock traded down $20.72 on Friday, hitting $562.74. 4,954,174 shares of the company’s stock traded hands, compared to its average volume of 5,229,054. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $603.83. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The stock has a market cap of $40.18 billion, a P/E ratio of 172.62 and a beta of 1.51. The firm’s 50-day moving average is $393.19 and its 200 day moving average is $253.80.

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

Institutional Trading of Lumentum

A number of hedge funds have recently made changes to their positions in the stock. CreativeOne Wealth LLC bought a new stake in Lumentum during the 4th quarter valued at approximately $670,000. Marshall Wace LLP grew its stake in shares of Lumentum by 42.2% in the fourth quarter. Marshall Wace LLP now owns 99,286 shares of the technology company’s stock worth $36,596,000 after acquiring an additional 29,488 shares during the last quarter. Absolute Gestao de Investimentos Ltda. bought a new stake in Lumentum in the 4th quarter valued at $341,000. ANB Bank acquired a new stake in Lumentum in the 4th quarter worth $386,000. Finally, Bridgewater Associates LP increased its holdings in shares of Lumentum by 142.9% during the 4th quarter. Bridgewater Associates LP now owns 20,770 shares of the technology company’s stock worth $7,656,000 after purchasing an additional 12,219 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LITE has been the topic of a number of research analyst reports. Susquehanna raised their price target on Lumentum to $550.00 and gave the company a “positive” rating in a report on Wednesday, February 4th. Northland Securities set a $350.00 price objective on shares of Lumentum in a report on Wednesday, December 3rd. JPMorgan Chase & Co. raised their price objective on shares of Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Morgan Stanley boosted their price objective on Lumentum to $350.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, Citigroup raised their target price on Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and a consensus price target of $444.94.

About Lumentum

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.