Lumentum (NASDAQ: LITE) has recently received a number of price target changes and ratings updates:

  • 1/10/2018 – Lumentum was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $67.00 price target on the stock, up previously from $65.00.
  • 1/5/2018 – Lumentum had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $89.00 price target on the stock.
  • 1/3/2018 – Lumentum had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $81.00 price target on the stock.
  • 12/29/2017 – Lumentum was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/13/2017 – Lumentum had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $89.00 price target on the stock.
  • 12/12/2017 – Lumentum was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/11/2017 – Lumentum was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating. They now have a $58.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/6/2017 – Lumentum was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products. The Company’s operating segment consists of Optical Communications and Commercial Lasers. Optical Communications segment portfolio includes products used by Telecom and Datacom nanoelectromechanical systems and traditional as well as cloud/data center service providers. Commercial Lasers segment products serve its customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing and precision machining. Lumentum Holdings Inc. is headquartered in Milpitas, California. “
  • 12/2/2017 – Lumentum was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Lumentum Holdings Inc (NASDAQ:LITE) opened at $51.65 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.21 and a quick ratio of 4.38. Lumentum Holdings Inc has a 52-week low of $34.15 and a 52-week high of $68.63. The company has a market capitalization of $3,200.00 and a PE ratio of -33.76.

In other news, Director Martin A. Kaplan sold 15,000 shares of Lumentum stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $57.07, for a total transaction of $856,050.00. Following the sale, the director now directly owns 29,573 shares of the company’s stock, valued at $1,687,731.11. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Penny Herscher sold 822 shares of Lumentum stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $50.61, for a total value of $41,601.42. Following the sale, the director now directly owns 34,793 shares in the company, valued at $1,760,873.73. The disclosure for this sale can be found here. Insiders sold 31,643 shares of company stock worth $1,806,554 over the last three months. 0.76% of the stock is currently owned by corporate insiders.

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

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