Lumentum Holdings Inc. (LITE) Files Form 4 Insider Selling : Harold L Covert Sells 7,376 Shares

Lumentum Holdings Inc. (LITE): Harold L Covert , director of Lumentum Holdings Inc. sold 7,376 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $23.70 per share for a total value of $174,821.53 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 23, 2016, Solutions Inc. Viavi (10% owner) sold 500,000 shares at $25.35 per share price.On Mar 4, 2016, Vincent Retort (EVP and COO) sold 5,926 shares at $25.00 per share price.Also, On Feb 12, 2016, Craig Cocchi (SVP, Operations) sold 32,754 shares at $23.63 per share price.On Dec 22, 2015, Penny Herscher (director) sold 2,624 shares at $21.53 per share price.

Company has been under the radar of several Street Analysts.Lumentum Holdings Inc is Upgraded by JP Morgan to Overweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 5, 2016.Lumentum Holdings Inc is Initiated by Drexel Hamilton to Hold. The Rating was issued on Apr 8, 2016.Lumentum Holdings Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 32 from a previous price target of $30 .The Rating was issued on Mar 9, 2016.Lumentum Holdings Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $29 .The Rating was issued on Mar 4, 2016.Lumentum Holdings Inc is Upgraded by Jefferies to Buy and the brokerage firm has set the Price Target at $34. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Mar 4, 2016.

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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