Morgan Stanley Adds $404K in Lumentum Holdings Inc. ($LITE)
Key Points
- Wall Street's consensus rating on $LITE is Buy and an average price target of $1,111.29.
- $LITE last traded around $889.51.
Morgan Stanley acquired a new position in Lumentum Holdings Inc. ($LITE), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 454 shares of Lumentum Holdings Inc.. Morgan Stanley's holdings in Lumentum Holdings Inc. were worth $403,838 as of its most recent filing.
Lumentum Holdings Inc. ($LITE) Stock
Lumentum Holdings Inc. Earnings
Analysts Set New Price Targets
About Lumentum Holdings Inc.
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It operates through two segments, Cloud & Networking and Industrial Tech. The Cloud & Networking segment offers optical and photonic chips, components, modules, and subsystems supplied to cloud data center operators, AI/ML infrastructure providers, and network equipment manufacturer customers that are building cloud data centers and network infrastructures. Its Industrial Tech segment provides short-pulse solid-state lasers, kilowatt-class fiber lasers, diode lasers, and gas lasers that serves the semiconductor device, solar cell, display, and electric vehicle and battery manufacturing markets. The company was incorporated in 2015 and is headquartered in San Jose, California.
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