Lumentum President Yuen Sells $3.06 Million in Stock Amid Company Growth
Lumentum president Yuen sells $3.06m in stock
Image: Investing Australia
Wupen Yuen, President of Global Business Units at Lumentum Holdings Inc., sold 3,210 shares for $3.06 million on May 18, 2026, as part of a trading plan. Despite a recent 14% decline in share price, Lumentum has seen a 1,054% return over the past year and is set to join the Nasdaq-100 Index.
- 01Yuen's stock sale occurred at a price of $953.95 per share, under a Rule 10b5-1 trading plan initiated in November 2025.
- 02Following the sale, Yuen retains ownership of 81,488 shares of Lumentum.
- 03Lumentum's recent earnings report showed an EPS of $2.37, exceeding expectations of $2.26.
- 04The company reported revenue of $808.4 million, surpassing the anticipated $802.94 million.
- 05BofA Securities raised Lumentum's price target to $1,100, reflecting confidence in its future performance.
Advertisement
In-Article Ad
Wupen Yuen, President of Global Business Units at Lumentum Holdings Inc. (NASDAQ:LITE), sold 3,210 shares of the company’s stock on May 18, 2026, for a total of $3,062,179. The shares were sold at $953.95 each as part of a Rule 10b5-1 trading plan established on November 5, 2025. Despite a recent 14% decline in Lumentum's stock price, which now trades at $890.68, the company has achieved a staggering 1,054% return over the past year. On May 15, 2026, Yuen also had 3,741 shares withheld to meet tax obligations related to restricted stock units. Following these transactions, he directly owns 81,488 shares. Lumentum recently reported its third-quarter fiscal year 2026 earnings, with an earnings per share (EPS) of $2.37, exceeding the forecast of $2.26. The company’s revenue of $808.4 million also surpassed expectations. Additionally, Lumentum is set to join the Nasdaq-100 Index, effective the same day as the stock sale, replacing CoStar Group Inc. BofA Securities has raised its price target for Lumentum to $1,100, reflecting an improved outlook for the company.
Advertisement
In-Article Ad
Advertisement
In-Article Ad
Reader Poll
Do you think insider stock sales impact investor confidence?
Connecting to poll...
More about Lumentum Holdings Inc.
Le vice-président de Lumentum cède pour 3,04 millions $ d'actions
Investing French • May 20, 2026
Lumentum Executive Vincent Retort Sells Over $3 Million in Stock Amid Positive Company Developments
Investing Australia • May 20, 2026
Un directeur de Lumentum vend des actions pour 11,7 millions $ dans un contexte de forte performance
Investing French • May 13, 2026
Read the original article
Visit the source for the complete story.