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LITE

Lumentum

$55.30

-4.1 (-6.90%)

13:42
07/20/18
07/20
13:42
07/20/18
13:42

Lumentum should be bought on today's weakness, says Needham

Needham analyst Alex Henderson attributes the selloff today in shares of Lumentum to comments from Win Semiconductors, the supplier of VCSEL wafers to Lumentum. It has been reported that Win expects VCSEL sales in the second half of 2018 to be less than previously expected and up less than 100% year-over-year, which is being seen as a negative for Lumentum, Henderson tells investors in a research note. The analyst disagrees. He says shipments in Q2 were well above industry demand as the iPhone X demand fell off and Win couldn't slow production to match the market swing. Henderson believes Win's comments reflect its long lead times. He recommends using the selloff today in shares of Lumentum as a buying opportunity. The analyst keeps a Strong Buy rating on the name with an $80 price target.

LITE Lumentum
$55.30

-4.1 (-6.90%)

07/20/18
NEED
07/20/18
NO CHANGE
NEED
Lumentum selloff today a buying opportunity, says Needham
07/20/18
MKMP
07/20/18
NO CHANGE
MKMP
Lumentum pullback on WIN worries a buying opportunity, says MKM Partners
MKM Partners analyst Michael Genovese said the guidance from WIN Semiconductor of Taiwan will likely make investors worry about an inventory build up in the 3D VCSEL supply chain, but he sees what is going on as positive inventory buffering, not a problematic build. With three new phones and an iPad with 3D being launched in the second half, Apple (AAPL) does not want to have bottlenecks late this year, contends Genovese, who recommends buying shares of Lumentum (LITE) on today's weakness. Other Optical names that have been weak following the guidance from WIN include Oclaro (OCLR) and Finisar (FNSR), The Fly notes.
07/20/18
MKMP
07/20/18
NO CHANGE
MKMP
Lumentum pullback on WIN worries a buying opportunity, says MKM Partners
MKM Partners analyst Michael Genovese said the guidance from WIN Semiconductor of Taiwan will likely make investors worry about an inventory build up in the 3D VCSEL supply chain, but he sees what is going on as positive inventory buffering, not a problematic build. With three new phones and an iPad with 3D being launched in the second half, Apple (AAPL) does not want to have bottlenecks late this year, contends Genovese, who recommends buying shares of Lumentum (LITE) on today's weakness. Other Optical names that have been weak following the guidance from WIN include Oclaro (OCLR) and Finisar (FNSR), The Fly notes.
07/19/18
JPMS
07/19/18
NO CHANGE
Target $80
JPMS
Neutral
JPMorgan raises 3D Sensing estimates for Lumentum, Viavi
JPMorgan analyst Samik Chatterjee raised his 3D Sensing estimates for both Neutral-rated Lumentum (LITE) and Underweight-rated Viavi (VIAV) to reflect higher market share than previously modeled for both on the upcoming launches of the Apple (AAPL) iPhone and accelerated adoption of 3D Sensing across Apple's portfolio of devices. JPMorgan's technology team's channel checks on Apple's 3D Sensing supply chain have indicated limited new suppliers for the 3D Sensing module, making it more likely that the leaders on the iPhoneX hold onto strong market share positions for longer than previously anticipated, Chatterjee tells investors in a research note. Further, the analyst now believes there is greater visibility into the adoption of 3D Sensing on all three iPhone models and two iPad Pro models to be launched by Apple in the second half of 2018. Chatterjee upped his price target for Lumentum to $80 from $78 and for Viavi to $11 from $10.

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WAIR

Wesco Aircraft

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0.23 (2.08%)

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DLNG

Dynagas LNG

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VVI

Viad

$51.27

0.24 (0.47%)

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JWN

Nordstrom

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SCVL

Shoe Carnival

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GTLS

Chart Industries

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ADBE

Adobe

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HD

Home Depot

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-2.9 (-1.61%)

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SCVL

Shoe Carnival

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TOCA

Tocagen

$12.34

0.44 (3.70%)

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KMB

Kimberly-Clark

$110.61

-0.39 (-0.35%)

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MCF

Contango Oil & Gas

$4.50

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Syndicate
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SPY

SPDR S&P 500 ETF Trust

$272.30

2.11 (0.78%)

, SPX

S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$272.30

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AMAT

Applied Materials

$34.93

1.34 (3.99%)

16:04
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Breaking Hot Stocks news story on Applied Materials »

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AMAT

Applied Materials

$34.93

1.34 (3.99%)

16:04
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Earnings
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HLTH

Nobilis Health

$0.55

0.13 (30.95%)

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MOR

MorphoSys

$27.56

0.09 (0.33%)

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NSA

National Storage

$27.28

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CYTK

Cytokinetics

$6.44

0.26 (4.21%)

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AMAT

Applied Materials

$34.94

1.35 (4.02%)

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  • 15

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HIG

Hartford Financial

$43.85

-0.22 (-0.50%)

, NAVG

Navigators

$69.39

0.02 (0.03%)

16:02
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Conference/Events
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HIG

Hartford Financial

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NAVG

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KMG

KMG Chemicals

$75.99

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MSFT

Microsoft

$107.30

2.3 (2.19%)

, FB

Facebook

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CVNA

Carvana

$47.87

2.5 (5.51%)

15:55
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B

Barnes Group

$59.18

1.17 (2.02%)

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