Lumentum Holdings Inc (NASDAQ:LITE) COO Vincent Retort sold 12,111 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $71.00, for a total transaction of $859,881.00. Following the transaction, the chief operating officer now directly owns 77,318 shares of the company’s stock, valued at $5,489,578. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Vincent Retort also recently made the following trade(s):
- On Friday, February 16th, Vincent Retort sold 1,223 shares of Lumentum stock. The shares were sold at an average price of $58.52, for a total value of $71,569.96.
- On Wednesday, February 21st, Vincent Retort sold 3,112 shares of Lumentum stock. The shares were sold at an average price of $58.97, for a total value of $183,514.64.
Shares of Lumentum Holdings Inc (NASDAQ:LITE) traded up $3.03 during trading on Monday, reaching $72.00. The company’s stock had a trading volume of 6,369,333 shares, compared to its average volume of 2,460,000. Lumentum Holdings Inc has a fifty-two week low of $40.35 and a fifty-two week high of $74.40. The firm has a market cap of $4,490.00 and a P/E ratio of 26.28. The company has a quick ratio of 4.16, a current ratio of 4.84 and a debt-to-equity ratio of 0.38.
LITE has been the subject of several recent analyst reports. Morgan Stanley set a $60.00 price objective on Lumentum and gave the company a “hold” rating in a report on Friday. Barclays raised Lumentum from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $65.00 to $67.00 in a report on Wednesday, January 10th. BidaskClub downgraded Lumentum from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Northland Securities reissued a “buy” rating and issued a $82.00 price objective on shares of Lumentum in a report on Wednesday, February 7th. Finally, TheStreet raised Lumentum from a “c” rating to a “b-” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $73.19.
A number of institutional investors have recently made changes to their positions in LITE. Bank of New York Mellon Corp lifted its holdings in Lumentum by 58.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,005,797 shares of the technology company’s stock valued at $195,883,000 after purchasing an additional 1,470,587 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Lumentum during the 4th quarter valued at $40,918,000. Whale Rock Capital Management LLC lifted its holdings in Lumentum by 86.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 1,590,359 shares of the technology company’s stock valued at $86,436,000 after purchasing an additional 735,239 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new stake in Lumentum during the 4th quarter valued at $29,089,000. Finally, AXA lifted its holdings in Lumentum by 48.4% during the 4th quarter. AXA now owns 1,411,087 shares of the technology company’s stock valued at $69,002,000 after purchasing an additional 460,315 shares during the last quarter.
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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