Lumentum Holdings Inc (NASDAQ:LITE) General Counsel Judy G. Hamel sold 2,000 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $71.00, for a total value of $142,000.00. Following the completion of the sale, the general counsel now directly owns 26,773 shares of the company’s stock, valued at $1,900,883. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Lumentum Holdings Inc (NASDAQ:LITE) traded up $3.03 on Monday, hitting $72.00. The company had a trading volume of 6,369,231 shares, compared to its average volume of 2,460,000. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.84 and a quick ratio of 4.16. Lumentum Holdings Inc has a 1-year low of $40.35 and a 1-year high of $74.40. The firm has a market cap of $4,490.00 and a price-to-earnings ratio of 26.28.
Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.67. Lumentum had a return on equity of 24.06% and a net margin of 8.97%. The business had revenue of $404.60 million during the quarter, compared to analyst estimates of $357.03 million. During the same period in the previous year, the firm earned $0.57 EPS. Lumentum’s quarterly revenue was up 52.7% compared to the same quarter last year. research analysts anticipate that Lumentum Holdings Inc will post 2.85 EPS for the current fiscal year.
A number of analysts have recently commented on LITE shares. TheStreet raised Lumentum from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. B. Riley reaffirmed a “buy” rating and issued a $89.00 price target on shares of Lumentum in a research note on Wednesday, December 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $81.00 price target on shares of Lumentum in a research note on Wednesday, January 3rd. MKM Partners lowered their price target on Lumentum to $62.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus lowered their price target on Lumentum from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $73.19.
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).
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