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Lumentum Holdings Inc . (NASDAQ:LITE) SVP, General Counsel Jae Kim, has sold 912 shares of company stock on August 18, according to a new Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $116.45, for a total transaction value of $106202. The transaction comes as Lumentum, currently valued at $8.2 billion, trades near its 52-week high after delivering a remarkable 123% return over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels.
The filing also indicates that 802 shares were withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of restricted stock units. The price was $115.86, for a total transaction value of $92919.
Following the transaction, Kim directly owns 29820 shares of Lumentum Holdings Inc.
The sale was executed under a Rule 10b5-1 trading plan adopted on February 11, 2025.
In other recent news, Lumentum Holdings has reported strong financial results for the fourth quarter of fiscal year 2025, exceeding analysts’ expectations. The company announced an earnings per share (EPS) of $0.88, surpassing the forecasted $0.80, and reported revenue of $480.7 million, which was above the expected $467.31 million. Following these results, several analysts have adjusted their outlooks for Lumentum. BofA Securities upgraded the company’s stock rating to Neutral, citing potential revenue growth that could meet medium-term and longer-term goals sooner than previously anticipated. Stifel raised its price target for Lumentum to $132, noting strong demand in datacom components and record levels of EML shipments. Wolfe Research increased its price target to $150, attributing its positive outlook to structural drivers like the rise of artificial intelligence boosting optical traffic growth. Additionally, Raymond (NSE:RYMD) James raised its price target to $145, highlighting Lumentum’s better-than-expected performance in the June quarter, particularly in Optical Circuit Switches. These developments reflect growing confidence in Lumentum’s market position and future prospects.
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