Trading Notes on Lumentum Holdings Inc. (NASDAQ:LITE): Active Stock Recap – AppsforPCdaily

This post was originally published on this site

06 May, 2017

The stock was last seen -2.17% lower, reaching at $42.75 on May 2, 2017. Creative Planning raised its position in Lumentum Holdings by 15.1% in the first quarter. (NASDAQ:LITE) by some 12,154,691 shares, 124 decreased positions by 6,399,547 and 37 held positions by 38,119,942. JPMorgan Chase & Co. boosted its stake in Lumentum Holdings by 109.8% in the third quarter. Following the transaction, the general counsel now directly owns 18,682 shares in the company, valued at approximately $910,747.50. Insiders own 0.76% of the company’s stock.

Several analysts have released their opinion on Lumentum Holdings Inc. Aperio Group LLC acquired a new position in shares of Lumentum Holdings during the third quarter worth about $245,000. Essex Investment Management Co. (NASDAQ:LITE) had an excellent day at the stock market, with its price going up by 9.94%, to 47.

(LITE) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Lumentum Holdings Inc. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 197.48 and a beta of 0.73.

Lumentum Holdings (NASDAQ:LITE) last announced its quarterly earnings results on Thursday, May 4th. For the last period, the company reported quarter over quarter EPS growth of 321.40% and quarter over quarter sales growth of 21.40%.

The company said it expects revenue in the range of $220 million to $235 million for the fiscal fourth quarter. Lumentum Holdings had a return on equity of 17.24% and a net margin of 1.50%. The firm’s revenue was up 11.0% compared to the same quarter a year ago. The business’s revenue was up 11.0% compared to the same quarter previous year.

Sell-side analysts have also provided a consensus recommendation of 2.20 on company shares. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of US and worldwide trademark & copyright legislation. State of Alaska Department of Revenue now owns 6,150 shares of the technology company’s stock worth $328,000 after buying an additional 230 shares during the period.

03/13/2017 – Lumentum had its “strong buy” rating reiterated by analysts at Needham & Company. The company’s price sits -0.84% below from its 50-day moving average of $47.78 and 16.33% far from the stock’s 200-day moving average which is $42.51. Jefferies Group LLC reissued a “buy” rating and set a $56.00 price target on shares of Lumentum Holdings in a research note on Thursday, March 23rd.

As the earnings date approaches, we can see that insider ownership is now 0.70% shares, and institutional ownership is at 92.40% for Lumentum Holdings Inc. The company presently has a consensus rating of Hold and a consensus price target of $47.54.

The stock went public on 7/23/2015 and has an average volume of 2075.8. Following the completion of the transaction, the chief operating officer now directly owns 66,444 shares in the company, valued at $3,461,732.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The shares were sold at an average price of $51.30, for a total value of $408,142.80. AQR Capital Management LLC now owns 144,751 shares of the technology company’s stock worth $5,595,000 after buying an additional 58,646 shares during the period. The disclosure for this sale can be found here. The sales growth over the last 5 years is at *TBA while earning per share for the last 12 months is at 0.23.

ILLEGAL ACTIVITY NOTICE: “Lumentum Holdings Inc (LITE) Updates Q2 Earnings Guidance” was reported by Markets Daily and is the property of of Markets Daily.

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