Lumentum Holdings Inc (NASDAQ:LITE) General Counsel Judy G. Hamel sold 591 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $58.52, for a total transaction of $34,585.32. Following the transaction, the general counsel now owns 28,816 shares of the company’s stock, valued at approximately $1,686,312.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lumentum Holdings Inc (NASDAQ:LITE) traded up $1.30 during trading hours on Friday, hitting $59.40. 1,386,717 shares of the stock were exchanged, compared to its average volume of 2,778,006. Lumentum Holdings Inc has a 52 week low of $40.35 and a 52 week high of $68.63. The company has a quick ratio of 4.16, a current ratio of 4.84 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3,625.44, a PE ratio of 40.68, a P/E/G ratio of 1.10 and a beta of 0.56.
Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.67. Lumentum had a net margin of 8.97% and a return on equity of 24.06%. The company had revenue of $404.60 million during the quarter, compared to analysts’ expectations of $357.03 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. Lumentum’s quarterly revenue was up 52.7% compared to the same quarter last year. analysts anticipate that Lumentum Holdings Inc will post 2.85 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Lumentum in the fourth quarter valued at approximately $128,000. Envestnet Asset Management Inc. increased its holdings in shares of Lumentum by 1,164.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,653 shares of the technology company’s stock valued at $178,000 after purchasing an additional 3,364 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Lumentum by 42.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,797 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,135 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Lumentum by 106.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,864 shares of the technology company’s stock valued at $189,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Lumentum in the second quarter valued at approximately $226,000.
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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).
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