On November 20, 2024, Harold Covert, Director at Lumentum Holdings Inc (LITE, Financial), sold 3,345 shares of the company, as reported in the SEC Filing. Following this transaction, the insider now owns 8,729 shares of the company.
Lumentum Holdings Inc (LITE) is a leading provider of optical and photonic products, primarily for the telecommunications, data communications, and commercial laser markets. The company designs and manufactures a broad portfolio of optical and photonic products that enable optical networking and commercial laser customers worldwide.
The insider transaction history for Lumentum Holdings Inc shows that there have been 0 insider buys in total over the past year. Meanwhile, there have been 5 insider sells over the same timeframe. Over the past year, Harold Covert has sold 18,345 shares in total and purchased 0 shares in total.
Shares of Lumentum Holdings Inc were trading for $81.78 apiece on the day of Harold Covert’s recent sell. This gives the stock a market cap of $6,120.483 million. With a price of $81.78 and a GuruFocus Value of $49.28, Lumentum Holdings Inc has a price-to-GF-Value ratio of 1.66. This means the stock is significantly overvalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus that is calculated based on the following three factors:
- Historical multiples (price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow) that the stock has traded at.
- A GuruFocus adjustment factor based on the company’s past returns and growth.
- Future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
