Numeric Investors LLC bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,400 shares of the technology company’s stock, valued at approximately $707,000.

A number of other large investors have also recently made changes to their positions in the business. Voya Investment Management LLC boosted its position in Lumentum Holdings by 30.1% in the second quarter. Voya Investment Management LLC now owns 28,243 shares of the technology company’s stock worth $1,611,000 after purchasing an additional 6,537 shares during the last quarter. B. Riley Financial Inc. boosted its position in Lumentum Holdings by 89.3% in the second quarter. B. Riley Financial Inc. now owns 17,775 shares of the technology company’s stock worth $1,014,000 after purchasing an additional 8,386 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Lumentum Holdings by 35.6% in the second quarter. Dimensional Fund Advisors LP now owns 851,937 shares of the technology company’s stock worth $48,604,000 after purchasing an additional 223,643 shares during the last quarter. Hood River Capital Management LLC purchased a new position in Lumentum Holdings in the second quarter worth about $16,203,000. Finally, Virtu KCG Holdings LLC purchased a new position in Lumentum Holdings in the second quarter worth about $226,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lumentum Holdings Inc. (LITE) opened at 58.95 on Friday. The company’s 50-day moving average price is $56.45 and its 200 day moving average price is $56.45. The company’s market cap is $3.63 billion. Lumentum Holdings Inc. has a 52 week low of $32.90 and a 52 week high of $60.20.

Lumentum Holdings (NASDAQ:LITE) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18. The company had revenue of $222.70 million for the quarter, compared to the consensus estimate of $229.45 million. Lumentum Holdings had a positive return on equity of 18.12% and a negative net margin of 10.25%. Lumentum Holdings’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. Equities research analysts anticipate that Lumentum Holdings Inc. will post $3.07 earnings per share for the current fiscal year.

Several research analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $81.00 target price on shares of Lumentum Holdings in a research report on Tuesday, August 8th. Piper Jaffray Companies reissued an “overweight” rating and issued a $68.00 target price on shares of Lumentum Holdings in a research report on Thursday, September 14th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of Lumentum Holdings in a research report on Thursday. BidaskClub cut Lumentum Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $73.00 target price on shares of Lumentum Holdings in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.31.

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In other Lumentum Holdings news, CEO Alan S. Lowe sold 4,364 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $54.59, for a total transaction of $238,230.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Penny Herscher sold 1,313 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $53.04, for a total value of $69,641.52. Following the transaction, the director now owns 26,464 shares in the company, valued at approximately $1,403,650.56. The disclosure for this sale can be found here. Insiders have sold 87,269 shares of company stock worth $4,602,526 in the last quarter. 0.76% of the stock is currently owned by company insiders.

Lumentum Holdings Profile

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

Institutional Ownership by Quarter for Lumentum Holdings (NASDAQ:LITE)

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