Moisand Fitzgerald Tamayo Exits Position in Lumentum Holdings Inc (LITE)

Lumentum Holdings Inc (LITE) : Moisand Fitzgerald Tamayo has sold out all of its stake in Lumentum Holdings Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 30 shares of Lumentum Holdings Inc which is valued at $923.

Other Hedge Funds, Including , Gilder Gagnon Howe Co boosted its stake in LITE in the latest quarter, The investment management firm added 439 additional shares and now holds a total of 1,865 shares of Lumentum Holdings Inc which is valued at $57,386.Greenleaf Trust boosted its stake in LITE in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 10,001 shares of Lumentum Holdings Inc which is valued at $302,530. Lumentum Holdings Inc makes up approx 0.01% of Greenleaf Trust’s portfolio.Louisiana State Employees Retirement System boosted its stake in LITE in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 21,020 shares of Lumentum Holdings Inc which is valued at $650,149. Lumentum Holdings Inc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

On the company’s financial health, Lumentum Holdings Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.36. The company had revenue of $241.70 million for the quarter, compared to analysts expectations of $238.52 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on Lumentum Holdings Inc. Company shares were Reiterated by Barclays on Aug 10, 2016 to “Underweight”, Firm has raised the Price Target to $ 30 from a previous price target of $23 .Company shares were Reiterated by Stifel on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $31 .Company shares were Upgraded by Needham on Jul 25, 2016 to ” Strong Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .

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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