Copper Rock Capital Partners adds Lumentum Holdings Inc (LITE) to its portfolio

Lumentum Holdings Inc (LITE) : Copper Rock Capital Partners added new position in Lumentum Holdings Inc during the most recent quarter end. The investment management firm now holds 758,281 shares of Lumentum Holdings Inc which is valued at $20.6 Million according to a report filed by the company on Apr 5, 2016 with the SEC.Lumentum Holdings Inc makes up approximately 1.81% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, Lumentum Holdings Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.28. The company had revenue of $218.30 million for the quarter, compared to analysts expectations of $218.14 million. The company’s revenue was up 3.7% compared to the same quarter last year.

Many Wall Street Analysts have commented on Lumentum Holdings Inc. Lumentum Holdings Inc was Initiated by Drexel Hamilton to “Hold” on Apr 8, 2016. Company shares were Reiterated by Needham on Mar 9, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .Company shares were Reiterated by Stifel on Mar 4, 2016 to “Buy”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .

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 Company’s OpComms segment portfolio includes products used by Telecom and Datacom nanoelectromechanical systems (NEMs) and both traditional and cloud/data center service providers. The Company’s 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.

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