Lumentum Holdings Inc. (NASDAQ:LITE) CFO Aaron Tachibana sold 1,248 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $60.00, for a total transaction of $74,880.00. Following the completion of the sale, the chief financial officer now directly owns 69,830 shares of the company’s stock, valued at $4,189,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Lumentum Holdings Inc. (NASDAQ LITE) traded up $0.93 during trading hours on Wednesday, hitting $60.25. 1,323,328 shares of the company’s stock were exchanged, compared to its average volume of 1,805,425. Lumentum Holdings Inc. has a 1-year low of $34.15 and a 1-year high of $68.63. The stock has a market cap of $3,730.00 and a PE ratio of 40.52. The company has a quick ratio of 4.38, a current ratio of 5.21 and a debt-to-equity ratio of 0.50.

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Several large investors have recently modified their holdings of the business. Suntrust Banks Inc. grew its stake in shares of Lumentum Holdings by 0.4% in the 2nd quarter. Suntrust Banks Inc. now owns 9,468 shares of the technology company’s stock worth $539,000 after buying an additional 37 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of Lumentum Holdings by 2.1% in the 2nd quarter. LS Investment Advisors LLC now owns 3,569 shares of the technology company’s stock worth $204,000 after buying an additional 75 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Lumentum Holdings by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 29,060 shares of the technology company’s stock worth $1,658,000 after buying an additional 200 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Lumentum Holdings by 6.6% in the 2nd quarter. Stifel Financial Corp now owns 7,271 shares of the technology company’s stock worth $415,000 after buying an additional 447 shares in the last quarter. Finally, Texas Permanent School Fund grew its stake in shares of Lumentum Holdings by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 40,628 shares of the technology company’s stock worth $2,318,000 after buying an additional 468 shares in the last quarter. 95.69% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on LITE shares. UBS AG increased their price objective on shares of Lumentum Holdings from $66.00 to $70.00 in a research note on Wednesday, August 9th. Rosenblatt Securities set a $70.00 target price on shares of Lumentum Holdings and gave the company a “buy” rating in a research note on Wednesday, August 9th. Craig Hallum reaffirmed a “buy” rating and set a $75.00 target price on shares of Lumentum Holdings in a research note on Wednesday, August 9th. B. Riley reaffirmed a “buy” rating and set a $81.00 target price on shares of Lumentum Holdings in a research note on Sunday, August 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $72.00 target price (up from $63.00) on shares of Lumentum Holdings in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.06.

Lumentum Holdings Company Profile

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).

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

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