Lumentum Holdings Inc. (NASDAQ: LITE) has experienced changes in ownership by large investors, with Yousif Capital Management LLC decreasing its stake in the company by 1.0% in Q4 2021, according to the company’s Form 13F filing. Lumentum’s stock has an average rating of “Moderate Buy” with an average target price of $68.43. The company is engaged in providing optical and photonic products through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access, metro, long-haul, and submarine applications.
Lumentum reported its quarterly earnings data on February 9th, 2017. The technology company exceeded analysts’ consensus estimates, posting $1.03 earnings per share for the quarter, $0.20 higher than the forecasted $0.83. Lumentum had a net margin of 1.56% and a return on equity of 17.77%. The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $506.13 million.
Lumentum’s stock opened at $51.39 on Friday, with a 1-year low of $48.73 and a 1-year high of $100.22. The company has a market capitalization of $3.52 billion, a P/E ratio of 138.89, a price-to-earnings-growth ratio of 1.70, and a beta of 1.10. The firm has a debt-to-equity ratio of 1.23, a current ratio of 3.06, and a quick ratio of 2.61.
Yousif Capital Management LLC has decreased its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 1.0% in Q4 2021. This information comes from the company’s most recent Form 13F filing with the Securities and Exchange Commission. Many other large investors have also made changes to their positions in Lumentum. Rhumbline Advisers increased its position by 5.4% in the second quarter, and Householder Group Estate & Retirement Specialist LLC purchased a new stake in the third quarter worth $45,000. Whale Rock Capital Management LLC also purchased a new stake in the second quarter worth $68,549,000. Additionally, LPL Financial LLC raised its position in Lumentum by 5.4% during the second quarter, while Teacher Retirement System of Texas raised its position in the third quarter by 98.2%. Institutional investors own 92.46% of the stock.
Lumentum stock opened at $51.39 on Friday, with a 1-year low of $48.73 and a 1-year high of $100.22. The company has a market capitalization of $3.52 billion, a P/E ratio of 138.89, a price-to-earnings-growth ratio of 1.70, and a beta of 1.10. The firm has a debt-to-equity ratio of 1.23, a current ratio of 3.06, and a quick ratio of 2.61. The company’s 50-day moving average is $56.30, and its 200-day moving average is $60.84.
On February 9th, Lumentum (NASDAQ:LITE) reported its quarterly earnings data. The technology company exceeded analysts’ consensus estimates, posting $1.03 earnings per share for the quarter, $0.20 higher than the forecasted $0.83. Lumentum had a net margin of 1.56% and a return on equity of 17.77%. The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $506.13 million. Research analysts predict that Lumentum Holdings Inc. will post $3.59 earnings per share for the current year.
As of this writing, no new ratings have been issued for Lumentum stock, and the company is expected to perform well in the upcoming year.
Lumentum Holdings Inc. (NASDAQ: LITE) has been the subject of several research reports. UBS Group initiated coverage on Lumentum with a “neutral” rating and a $50.00 price target on December 13th, 2016. Raymond James lowered its price target on Lumentum from $85.00 to $84.00 and set an “outperform” rating on February 10th, 2017. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price target on shares of Lumentum on February 10th, 2017. Stifel Nicolaus initiated coverage on Lumentum on December 1st, 2016, and set a “buy” rating and a $68.00 price objective on the stock. Finally, B. Riley downgraded Lumentum from a “buy” rating to a “neutral” rating and reduced its price objective for the company from $90.00 to $66.00 on February 10th, 2017. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company, with an average rating of “Moderate Buy” and an average target price of $68.43, according to data from MarketBeat.
Lumentum is engaged in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications.
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