Lumentum Holdings Inc (LITE) : Rex Capital Advisors added new position in Lumentum Holdings Inc during the most recent quarter end. The investment management firm now holds 7,943 shares of Lumentum Holdings Inc which is valued at $297,465 , the company said in a statement filed on Nov 14, 2016 with the SEC.Lumentum Holdings Inc makes up approximately 0.33% of Rex Capital Advisors’s portfolio.
Other Hedge Funds, Including , Millennium Management reduced its stake in LITE by selling 130,774 shares or 67.54% in the most recent quarter. The Hedge Fund company now holds 62,838 shares of LITE which is valued at $2,353,283. Capital Management Associates Ny added LITE to its portfolio by purchasing 7,500 company shares during the most recent quarter which is valued at $267,000. Lumentum Holdings Inc makes up approx 0.44% of Capital Management Associates Ny’s portfolio.Great West Life Assurance Co Can boosted its stake in LITE in the latest quarter, The investment management firm added 34,318 additional shares and now holds a total of 94,830 shares of Lumentum Holdings Inc which is valued at $3,551,384. Lumentum Holdings Inc makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Emerald Mutual Fund Advisers Trust boosted its stake in LITE in the latest quarter, The investment management firm added 71,161 additional shares and now holds a total of 448,751 shares of Lumentum Holdings Inc which is valued at $16,805,725. Lumentum Holdings Inc makes up approx 0.91% of Emerald Mutual Fund Advisers Trust’s portfolio.
On the company’s financial health, Lumentum Holdings Inc reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.44. The company had revenue of $258.10 million for the quarter, compared to analysts expectations of $251.95 million. The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
Many Wall Street Analysts have commented on Lumentum Holdings Inc. Lumentum Holdings Inc was Upgraded by Raymond James to ” Strong Buy” on Nov 7, 2016. Company shares were Reiterated by Needham on Oct 31, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 56 from a previous price target of $50 .Company shares were Reiterated by Stifel on Oct 28, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .
Lumentum Holdings Inc. (Lumentum) is a provider of optical and photonic products. The Company’s products are used in a range of end markets including data communications (Datacom) and telecommunications (Telecom) networking and industrial and commercial lasers (commercial lasers) for manufacturing inspection and life-sciences applications. The Company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The Companys OpComms segment portfolio includes products used by Telecom and Datacom nanoelectromechanical systems (NEMs) and both traditional and cloud/data center service providers. The Companys Lasers segment products serve its customers in markets and applications such as manufacturing biotechnology graphics and imaging remote sensing and precision machining such as drilling in printed circuit boards wafer singulation and solar cell scribing.