Lumentum Holdings Inc. (LITE) Files Form 4 Insider Selling : Vincent Retort Sells 4,643 Shares

Lumentum Holdings Inc. (LITE): Vincent Retort , EVP and COO of Lumentum Holdings Inc. sold 4,643 shares on Sep 28, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $41.84 per share for a total value of $194,251.05 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 6, 2016, Alan S Lowe (CEO and President) sold 23,610 shares at $35.45 per share price.On Sep 1, 2016, Vincent Retort (EVP and COO) sold 8,114 shares at $32.59 per share price.Also, On Aug 23, 2016, Aaron Tachibana (CFO) sold 6,086 shares at $34.64 per share price.On Jun 2, 2016, Solutions Inc. Viavi (10% owner) sold 1,000,000 shares at $25.05 per share price.

Company has been under the radar of several Street Analysts.Lumentum Holdings Inc is Reiterated by Needham to Strong Buy and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $40 .The Rating was issued on Sep 19, 2016.Lumentum Holdings Inc is Downgraded by Morgan Stanley to Underweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Aug 11, 2016.Lumentum Holdings Inc is Reiterated by Barclays to Underweight and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $23 .The Rating was issued on Aug 10, 2016.Lumentum Holdings Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $31 .The Rating was issued on Aug 10, 2016.Lumentum Holdings Inc is Upgraded by Needham to Strong Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $35 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 25, 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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