Lumentum Holdings Inc. (LITE) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC raised its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 50.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 468,036 shares of the technology company’s stock after purchasing an additional 156,313 shares during the quarter. Calamos Advisors LLC owned 0.76% of Lumentum Holdings worth $25,438,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Riverhead Capital Management LLC grew its stake in Lumentum Holdings by 71.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,062 shares of the technology company’s stock valued at $118,000 after purchasing an additional 862 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Lumentum Holdings by 111.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,662 shares of the technology company’s stock valued at $152,000 after purchasing an additional 1,406 shares during the last quarter. Creative Planning grew its stake in Lumentum Holdings by 54.2% during the 2nd quarter. Creative Planning now owns 3,039 shares of the technology company’s stock valued at $173,000 after purchasing an additional 1,068 shares during the last quarter. LS Investment Advisors LLC grew its stake in Lumentum Holdings by 2.1% during the 2nd quarter. LS Investment Advisors LLC now owns 3,569 shares of the technology company’s stock valued at $204,000 after purchasing an additional 75 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Lumentum Holdings during the 1st quarter valued at about $206,000. Institutional investors and hedge funds own 95.74% of the company’s stock.

Shares of Lumentum Holdings Inc. (NASDAQ LITE) traded up 2.915% during trading on Monday, hitting $64.425. The company’s stock had a trading volume of 364,213 shares. Lumentum Holdings Inc. has a one year low of $32.90 and a one year high of $68.63. The stock’s market cap is $3.96 billion. The company has a 50-day moving average price of $57.18 and a 200-day moving average price of $57.18.

Lumentum Holdings (NASDAQ:LITE) last issued its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.18. Lumentum Holdings had a positive return on equity of 18.12% and a negative net margin of 10.25%. The firm had revenue of $222.70 million during the quarter, compared to the consensus estimate of $229.45 million. During the same period in the previous year, the firm posted $0.41 EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. Equities analysts predict that Lumentum Holdings Inc. will post $3.06 EPS for the current fiscal year.

In related news, CEO Alan S. Lowe sold 28,095 shares of Lumentum Holdings stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $51.20, for a total transaction of $1,438,464.00. Following the completion of the transaction, the chief executive officer now directly owns 249,655 shares in the company, valued at approximately $12,782,336. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan S. Lowe sold 7,916 shares of Lumentum Holdings stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $52.62, for a total value of $416,539.92. Following the transaction, the chief executive officer now owns 141,162 shares of the company’s stock, valued at $7,427,944.44. The disclosure for this sale can be found here. Insiders have sold a total of 87,269 shares of company stock valued at $4,602,526 over the last 90 days. Insiders own 0.76% of the company’s stock.

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LITE has been the topic of several research analyst reports. UBS AG boosted their price target on Lumentum Holdings from $66.00 to $70.00 in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price target on shares of Lumentum Holdings in a research note on Saturday, July 22nd. B. Riley reiterated a “buy” rating and set a $81.00 price target on shares of Lumentum Holdings in a research note on Tuesday, August 8th. Rosenblatt Securities set a $70.00 price target on Lumentum Holdings and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Craig Hallum reiterated a “buy” rating and set a $75.00 price target on shares of Lumentum Holdings in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Lumentum Holdings currently has a consensus rating of “Buy” and a consensus target price of $66.31.

About Lumentum Holdings

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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Institutional Ownership by Quarter for Lumentum Holdings (NASDAQ:LITE)

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