The Tairen Capital Ltd Takes Position in Lumentum Holdings Inc. (LITE)

Cornelia Mascio
Giugno 19, 2017

Analytic Investors LLC acquired a new position in Lumentum Holdings during the third quarter valued at about $1,764,000. Inc. now owns 36,569 shares of the technology company's stock valued at $1,951,000 after buying an additional 229 shares during the last quarter. Drexel Hamilton initiated the shares of LITE in report on Friday, April 8 with "Hold" rating. State of Alaska Department of Revenue raised its position in shares of Lumentum Holdings by 3.9% in the first quarter. Great West Life Assurance Co. BlackRock Inc. now owns 6,441,080 shares of the technology company's stock valued at $343,632,000 after buying an additional 6,436,831 shares during the period. Inc. raised its position in shares of Lumentum Holdings by 0.6% in the first quarter. (NASDAQ:LITE) during the first quarter, Holdings Channel reports.

Several institutional investors have recently bought and sold shares of LITE. Lumentum Holdi... has $66 highest and $27 lowest target. (NASDAQ:LITE) have been seen trading -6.24% away from the 50- day high. Looking at stock performance for the past six months, shares are 62.21%.

Institutional investors now hold around $3.83 billion or 99.6% in LITE stock. "The second line, the "%D" line is simple a 3-day moving average of the "%K" line.

Lumentum Holdings (NASDAQ:LITE) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. The firm had revenue of $255.80 million during the quarter, compared to analysts' expectations of $257.22 million. Lumentum Holdings had a positive return on equity of 19.55% and a negative net margin of 3.28%. The firm's revenue for the quarter was up 11.0% compared to the same quarter previous year. Equities analysts forecast that Lumentum Holdings will post $1.90 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Finally, Jefferies Group LLC restated a "buy" rating and issued a $51.50 price target on shares of Lumentum Holdings in a research report on Wednesday, February 8th.

Lumentum had its "strong buy" rating reiterated by analysts at Needham & Company. Finally, Stifel Nicolaus raised their price target on Lumentum Holdings from $52.00 to $53.00 and gave the stock a "buy" rating in a research report on Monday, May 15th. MKM Partners reissued a "neutral" rating and issued a $50.00 price target on shares of Lumentum Holdings in a report on Monday, February 27th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Also, CFO Aaron Tachibana sold 1,521 shares of the company's stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $54.40, for a total transaction of $82,742.40. Following the completion of the sale, the chief operating officer now directly owns 68,448 shares in the company, valued at $3,713,988.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

In other news, CEO Alan S. Lowe sold 5,954 shares of the business's stock in a transaction that occurred on Wednesday, May 17th. LLC now owns 2,070,429 shares of the technology company's stock valued at $86,482,000 after buying an additional 2,068,564 shares during the period. The disclosure for this sale can be found here. The stock has "Sell" rating by Goldman Sachs on Tuesday, October 11.

Want to see what other hedge funds are holding LITE?

COPYRIGHT VIOLATION NOTICE: "Lumentum Holdings Inc".

Lumentum Holdings Inc. (NASDAQ:LITE)'s latest quote $63.1 $-0.27 2.52% will find technical support in $61.63 a share and a breakdown below this region would be a significantly bearish signal for Lumentum Holdings Inc. traders.

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