On November 25, 2024, Vincent Retort, President of Industrial Technology at Lumentum Holdings Inc (LITE, Financial), sold 41,710 shares of the company. Following this transaction, the insider now owns 147,515 shares of Lumentum Holdings Inc. The details of this transaction can be found in the SEC Filing.
Lumentum Holdings Inc (LITE) is a company that provides optical and photonic products, which are used in a variety of end-market applications, including data communications, telecommunications, and commercial lasers for manufacturing, inspection, and life-science applications.
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 8 insider sells over the same timeframe. Over the past year, Vincent Retort has sold 41,710 shares in total and purchased 0 shares in total.
Shares of Lumentum Holdings Inc were trading for $89.52 apiece on the day of Vincent Retort’s recent sale. This gives the stock a market cap of $5.975 billion. With a price of $89.52 and a GuruFocus Value of $49.46, Lumentum Holdings Inc has a price-to-GF-Value ratio of 1.81. 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.
