Vincent Retort Sells 2,029 Shares of Lumentum Holdings Inc (LITE) Stock

Lumentum Holdings Inc (NASDAQ:LITE) COO Vincent Retort sold 2,029 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $54.26, for a total value of $110,093.54. Following the transaction, the chief operating officer now directly owns 68,448 shares in the company, valued at approximately $3,713,988.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, February 22nd, Vincent Retort sold 809 shares of Lumentum Holdings stock. The stock was sold at an average price of $52.10, for a total value of $42,148.90.
  • On Thursday, February 16th, Vincent Retort sold 2,060 shares of Lumentum Holdings stock. The stock was sold at an average price of $52.00, for a total value of $107,120.00.

Lumentum Holdings Inc (NASDAQ:LITE) traded up 0.707% during mid-day trading on Friday, hitting $53.425. 784,255 shares of the company were exchanged. The company’s market capitalization is $3.27 billion. Lumentum Holdings Inc has a 12-month low of $21.72 and a 12-month high of $56.70. The company’s 50-day moving average is $48.09 and its 200 day moving average is $43.43.

Lumentum Holdings (NASDAQ:LITE) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.12. The business had revenue of $255.80 million for the quarter, compared to analysts’ expectations of $257.22 million. Lumentum Holdings had a net margin of 1.50% and a return on equity of 17.24%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. Analysts expect that Lumentum Holdings Inc will post $1.90 EPS for the current year.

Insider Buying and Selling by Quarter for Lumentum Holdings (NASDAQ:LITE)

ILLEGAL ACTIVITY NOTICE: “Vincent Retort Sells 2,029 Shares of Lumentum Holdings Inc (LITE) Stock” was first posted by sleekmoney and is owned by of sleekmoney. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://sleekmoney.com/vincent-retort-sells-2029-shares-of-lumentum-holdings-inc-lite-stock/1836559.html.

LITE has been the topic of several research reports. Needham & Company LLC reaffirmed a “positive” rating and set a $56.00 price objective on shares of Lumentum Holdings in a report on Monday, March 13th. Raymond James Financial, Inc. reaffirmed a “buy” rating and set a $46.00 price objective on shares of Lumentum Holdings in a report on Friday, February 10th. Morgan Stanley upped their price objective on Lumentum Holdings from $34.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, February 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $57.50 price objective (up previously from $45.00) on shares of Lumentum Holdings in a report on Thursday, February 16th. Finally, Barclays PLC upped their price objective on Lumentum Holdings from $32.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.09.

A number of hedge funds and other institutional investors have recently made changes to their positions in LITE. State of Alaska Department of Revenue boosted its position in shares of Lumentum Holdings by 3.9% in the first quarter. State of Alaska Department of Revenue now owns 6,150 shares of the technology company’s stock worth $328,000 after buying an additional 230 shares during the period. AQR Capital Management LLC boosted its position in shares of Lumentum Holdings by 68.1% in the fourth quarter. AQR Capital Management LLC now owns 144,751 shares of the technology company’s stock worth $5,595,000 after buying an additional 58,646 shares during the period. Rhumbline Advisers boosted its position in shares of Lumentum Holdings by 8.5% in the third quarter. Rhumbline Advisers now owns 73,489 shares of the technology company’s stock worth $3,070,000 after buying an additional 5,732 shares during the period. State of Tennessee Treasury Department boosted its position in shares of Lumentum Holdings by 16.8% in the third quarter. State of Tennessee Treasury Department now owns 43,462 shares of the technology company’s stock worth $1,815,000 after buying an additional 6,240 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Lumentum Holdings by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,470 shares of the technology company’s stock worth $1,139,000 after buying an additional 1,470 shares during the period. 84.16% of the stock is currently owned by institutional investors and hedge funds.

About Lumentum Holdings

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

5 Day Chart for NASDAQ:LITE

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/vincent-retort-sells-2029-shares-of-lumentum-holdings-inc-lite-stock/1836559.html

Receive News & Ratings for Lumentum Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumentum Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *