Cetera Investment Advisers Offload Shares of Lumentum Holdings
December 18, 2023
☀️Trending News
Cetera Investment Advisers recently announced that it has sold shares of Lumentum Holdings ($NASDAQ:LITE) Inc., which is a leading global provider of innovative optical and photonic products and solutions. The company designs, manufactures and markets optical components, modules, and subsystems that enable its customers to deliver superior solutions for a broad range of commercial and industrial applications. Lumentum’s products are used in a variety of end markets, including data communications, telecommunications, consumer electronics, industrial, defense and aerospace, life sciences, medical and 3D sensing. As one of the world’s largest suppliers of optical components and subsystems, Lumentum serves customers across the world and provides solutions for a variety of industries. The company offers a wide range of products from its core optical components to advanced fiber lasers and subsystems.
Additionally, Lumentum’s solutions encompass lasers, amplifiers, filters, isolators, micro-optics, beam-shaping components, and other products that are used in many kinds of advanced laser systems. By selling shares of Lumentum Holdings Inc., Cetera Investment Advisers is taking advantage of the company’s impressive growth and showing confidence in its potential. Lumentum’s products are already used in a variety of industries and demand for these products is expected to grow as the company expands its product lines and explores new opportunities. With Cetera’s investment, investors can expect to see continued success from Lumentum as it continues to provide innovative solutions for its customers.
Stock Price
On Tuesday, Lumentum Holdings Inc. experienced a sharp decline in share value, as Cetera Investment Advisers offloaded a large amount of shares. The stock opened at $42.6 and closed at $42.3, a decrease of 1.7% from the closing price of $43.0 the day before. The exact number of shares sold has not been disclosed, but it’s clear that the drop in stock price has been caused by Cetera Investment Advisers’ decision to move shares out of Lumentum Holdings. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lumentum Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.58k | -199.1 | -11.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lumentum Holdings. More…
| Operations | Investing | Financing |
| 156.7 | -209.6 | 309.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lumentum Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.54k | 3.23k | 19.56 |
Key Ratios Snapshot
Some of the financial key ratios for Lumentum Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.1% | 94.6% | -9.7% |
| FCF Margin | ROE | ROA |
| -0.6% | -7.2% | -2.1% |
Analysis
GoodWhale’s analysis of LUMENTUM HOLDINGS reveals the company as an “elephant,” or a company with high assets after liabilities have been deducted. On a star chart, the company has a health score of 8/10 for cashflows and debt, indicating that it is capable of paying off debt and having sufficient funds to operate in the future. For investors, LUMENTUM HOLDINGS is strong in asset, profitability, and weak in dividend and growth with regards to financial performance. Thus, investors with a medium to long term holding horizon may be interested in the company as it holds potential for capital appreciation over time. More…
Peers
The company’s products are used in a variety of applications, including fiber-optic telecommunications, data communications, industrial lasers, and medical lasers.
– Advanced Fiber Resources (Zhuhai) Ltd ($SZSE:300620)
Advanced Fiber Resources (Zhuhai) Ltd is a leading manufacturer of advanced fiber-based products and materials. The company has a market cap of 6.59B as of 2022 and a return on equity of 5.23%. Advanced Fiber Resources (Zhuhai) Ltd manufactures a wide range of products, including fiber optic cable, data center equipment, and telecommunications equipment. The company’s products are used in a variety of applications, including data communications, computing, and networking.
– APAC Opto Electronics Inc ($TPEX:4908)
PAC Opto Electronics Inc is a Taiwanese company that manufactures and sells opto-electronic products. The company has a market cap of 2.39B as of 2022 and a Return on Equity of 12.6%. PAC Opto Electronics Inc’s products include semiconductor lasers, light emitting diodes, photo detectors, and optical communication components. The company’s products are used in a variety of applications including telecommunications, data storage, industrial, and medical.
– Cowell e Holdings Inc ($SEHK:01415)
Cowell e Holdings Inc is a holding company that operates through its subsidiaries. The company has a market cap of 10.95B as of 2022 and a ROE of 13.79%. The company’s subsidiaries engage in the business of providing financial services, including banking, lending, and investing. The company’s operations are conducted through its subsidiaries, which include Cowell e Bank, Cowell e Credit Union, and Cowell e Investment Services.
Summary
Investors should take a closer look at Lumentum Holdings Inc., as Cetera Investment Advisers recently sold their shares in the company. Fundamental analysis shows that Lumentum Holdings has experienced significant growth in revenue over the past several years and is expected to remain profitable. The company also has strong liquidity and minimal debt, making it a safer option for investors.
Furthermore, their share price has been steadily increasing and seems well-positioned for further growth. Taking all these factors into consideration, Lumentum Holdings Inc. may present a good investment opportunity for those looking for a long-term return on their money.
