Lumentum Holdings Inc. (LITE) Director Martin A. Kaplan Sells 3,000 Shares

Lumentum Holdings Inc. (NASDAQ:LITE) Director Martin A. Kaplan sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $55.03, for a total transaction of $165,090.00. Following the completion of the transaction, the director now owns 26,573 shares of the company’s stock, valued at $1,462,312.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Lumentum Holdings Inc. (NASDAQ LITE) traded down $1.80 during trading hours on Friday, reaching $52.25. 2,169,044 shares of the company traded hands, compared to its average volume of 1,807,337. Lumentum Holdings Inc. has a one year low of $34.15 and a one year high of $68.63. The company has a current ratio of 5.21, a quick ratio of 4.38 and a debt-to-equity ratio of 0.50. The firm has a market cap of $3,240.00 and a P/E ratio of 40.07.

A number of large investors have recently modified their holdings of the stock. AXA increased its holdings in Lumentum by 27.7% in the 3rd quarter. AXA now owns 950,772 shares of the technology company’s stock worth $51,674,000 after buying an additional 206,281 shares during the period. Neuberger Berman Group LLC increased its holdings in Lumentum by 20.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 346,016 shares of the technology company’s stock worth $18,806,000 after buying an additional 59,600 shares during the period. Argent Capital Management LLC increased its holdings in Lumentum by 21.1% in the 3rd quarter. Argent Capital Management LLC now owns 82,315 shares of the technology company’s stock worth $4,474,000 after buying an additional 14,325 shares during the period. Piedmont Investment Advisors LLC increased its holdings in Lumentum by 11.3% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 13,391 shares of the technology company’s stock worth $728,000 after buying an additional 1,360 shares during the period. Finally, Whale Rock Capital Management LLC increased its holdings in Lumentum by 86.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 1,590,359 shares of the technology company’s stock worth $86,436,000 after buying an additional 735,239 shares during the period. Institutional investors own 95.69% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Lumentum from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Friday, November 3rd. Barclays upped their price objective on shares of Lumentum from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. MKM Partners upped their price objective on shares of Lumentum to $71.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. DA Davidson upped their price objective on shares of Lumentum from $82.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Craig Hallum restated a “buy” rating and set a $85.00 price objective (up previously from $75.00) on shares of Lumentum in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Lumentum presently has an average rating of “Buy” and an average price target of $68.06.

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Lumentum 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 (NASDAQ:LITE)

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