Lumentum Holdings Inc. (LITE) Upgraded at BidaskClub

The fund owned 127,014 shares of the technology company's stock after selling 800 shares during the period. Principal Financial Group Inc. owned approximately 0.75% of Lumentum Holdings worth $24,365,000 at the end of the most recent quarter.

Several equities analysts have recently commented on the company. The hedge fund held 30,591 stocks of the technology firms shares after disposing 7,102 shares through out the quarter. A total volume of 1.31 million shares were traded versus to average volume of 1.82 million shares. Pinnacle Associates Ltd. now owns 1,705,497 shares of the technology company's stock worth $90,988,000 after buying an additional 339,732 shares during the period. Creative Planning boosted its position in Lumentum Holdings by 15.1% in the Q1. FMR LLC now owns 697,786 shares of the technology company's stock valued at $26,970,000 after buying an additional 378,919 shares during the period. Creative Planning has an ownership of 1,971 stocks of the technology firms shares valued at $105,000 after scooping up an extra 258 shares through out the quarter. Following the completion of the sale, the chief operating officer now owns 68,448 shares of the company's stock, valued at approximately $3,713,988.48.

Lumentum Holdings (NASDAQ:LITE) last posted its quarterly earnings results on Thursday, May 4th.

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NASDAQ:LITE) shares were trading lower by 0 percent ($0) at $61.6 a piece in Monday's session. Waste Management, Inc.is now trading 0.68% above its 20-day and 5.47% versus the 200-day simple moving averages while 1.56% compared with its 50-day simple moving average. The company has a market cap of $3.75B and its 12 month revenue was nearly $1.02B.

Lumentum Holdings Inc. (LITE) stock price rose 151.33 percent over the past one year, while increased 69.46 percent during the past 6 months. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.12. The Return on Equity ratio of Lumentum Holdings Inc. The firm's revenue for the quarter was up 11.0% compared to the same quarter previous year. Analysts expect that Lumentum Holdings Inc. will post $1.90 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If we move further to the full year performance, we identified that LITE is promoting good health as stock gained with positive stir of 158.89%. If you are reading this story on another publication, it was illegally stolen and reposted in violation of worldwide copyright and trademark law. Lumentum Holdings has a 1-year low of $23.80 and a 1-year high of $67.30. About shares traded. Lumentum Holdings Inc (NASDAQ:LITE) has risen 145.74% since July 14, 2016 and is uptrending. Jefferies Group LLC reiterated a buy rating and set a $62.00 price objective on shares of Lumentum Holdings in a research report on Friday, May 5th. Finally, Rosenblatt Securities assumed coverage on shares of Lumentum Holdings in a research report on Tuesday, May 23rd. Lumentum Holdings now has a consensus rating of "Buy" and an average price target of $59.64. (NASDAQ:LITE). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.10. Price Target plays a critical role when it comes to the analysis of a Stock.

Wall Street Stock Recommendations: Sunrun Inc. (RUN), CSX Corporation (CSX)
Victory Capital Management Inc.'s holdings in CSX Corporation were worth $15,143,000 as of its most recent filing with the SEC. Following the transaction, the chief executive officer now directly owns 300,000 shares in the company, valued at $15,060,000.

In related news, COO Vincent Retort sold 805 shares of the stock in a transaction that occurred on Tuesday, May 23rd. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also facilitate in determining where it may be possibly heading. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan S. Lowe sold 1,085 shares of the business's stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $54.29, for a total value of $323,242.66. Following the sale, the chief executive officer now owns 153,439 shares of the company's stock, valued at $8,330,203.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,813 shares of company stock worth $648,776.

The stock of Lumentum Holdings Inc (NASDAQ:LITE) is a huge mover today!

Stocks edge higher in early trading; oil rises
A deluge of economic data is scheduled for Friday, including latest figures on inflation, retail sales and consumer spending. US stocks opened flat on Friday as investors digested a mixed batch of quarterly earnings out of a trio of major banks.

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