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LITE

Lumentum

$42.71

-4.03 (-8.62%)

, SYNA

Synaptics

$40.86

-0.71 (-1.71%)

08:03
02/08/19
02/08
08:03
02/08/19
08:03

Lumentum names Wajid Ali as CFO, effective February 11

Lumentum (LITE) announced the appointment of Wajid Ali as Executive Vice President and CFO, effective February 11. Ali will also serve as the company's principal financial officer, replacing Christopher Coldren who had been serving as the company's Interim Chief Financial Officer since June 2018. Ali joins Lumentum from Synaptics (SYNA), where he served as Senior Vice President and CFO.

LITE

Lumentum

$42.71

-4.03 (-8.62%)

SYNA

Synaptics

$40.86

-0.71 (-1.71%)

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LITE Lumentum
$42.71

-4.03 (-8.62%)

01/03/19
RILY
01/03/19
NO CHANGE
Target $62
RILY
Buy
B. Riley FBR an 'aggressive' buyer of Lumentum on today's selloff
B. Riley FBR analyst Dave Kang says he's an "aggressive" buyer today of Lumentum Holdings (LITE) on the selloff related to Apple's guidance cut last night. Apple weakness believe was already reflected in Lumentum's November preannouncement, Kang tells investors in a research note. He keeps a Buy rating on the shares with a $62 price target. The stock in early trading is down 8%, or $3.36, to $39.23.
01/14/19
MSCO
01/14/19
NO CHANGE
Target $55
MSCO
Equal Weight
Lumentum earnings power from Oclaro deal unappreciated, says Morgan Stanley
Morgan Stanley analyst Meta Marshall believes the market is focusing on the shortfall of 3D sensing expectations at Lumentum (LITE) while missing the $1.00-$1.50 of earnings power to come from its acquisition of Oclaro. There has generally been an assumption built into sell-side expectations that there would be an additional "world-facing" VCSEL-based module on the back of certain Apple (AAPL) iPhones in the fall of 2019 phone, noted Marshall. Given that, she believes that most sell-side estimates would need to come down by 75c-$1.00 if there were no "worldfacing" VCSEL in the iPhone in 2019, unless there was "massive" Android adoption to make up for the difference. The analyst, who prefers to let consensus estimates come down but said she is "more inclined to be positive" in the near-term, keeps an Equal Weight rating and $55 price target on Lumentum shares.
01/24/19
PIPR
01/24/19
NO CHANGE
Target $59
PIPR
Overweight
Lumentum price target lowered to $59 from $63 at Piper Jaffray
Piper Jaffray analyst Troy Jensen reduced his 3D sensing and earnings estimates for Lumentum but believes this is already factored into the company's current valuation and should not be a surprise to investors. The analyst continues to view Lumentum as one of the better positioned optical component suppliers and believes its acquisition of Oclaro strengthens the company's position and should lead to industry-leading profitability as cost synergies materialize. As such, despite lowering his price target for the shares to $59 from $63, Jensen reiterates an Overweight rating on Lumentum. The company can grow its 3D sensing segment from "these depressed levels" and show accelerating growth in 2019 and beyond, the analyst tells investors in a research note.
02/06/19
MKMP
02/06/19
NO CHANGE
Target $66
MKMP
Buy
Lumentum price target raised to $66 from $60 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Lumentum to $66 and kept his Buy rating after its Q3 results. The analyst says that while earnings missed by a penny, the global ROADM, or reconfigurable optical add-drop multiplexer, demand in U.S. and Europe remains strong, with added momentum coming from the build-out of the Metro networks in China. Genovese contends that Lumentum has "at least a couple more quarters of growth" with no meaningful inventory build happening in ROADMs.
SYNA Synaptics
$40.86

-0.71 (-1.71%)

01/24/19
TIGR
01/24/19
NO CHANGE
TIGR
Synaptics 'best positioned' for secure IoT interface solutions, says Tigress
Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating on Synaptics as he believes the company is the "best positioned to benefit from the growing need for secure IoT interface solutions." Feinseth also noted that Synaptics highlighted a number of new applications at this year's CES, and continues to "advance its lead in smart audio interfaces." Synaptics is in Tigress's Research Focus List and its Focus Opportunity Portfolio.
01/30/19
KEYB
01/30/19
NO CHANGE
KEYB
Apple muted iPhone results consistent with lowered expectations, says KeyBanc
KeyBanc analyst John Vinh views Apple's (AAPL) muted iPhone results and guidance as consistent with his lowered expectations related to the current iPhone cycle. Despite opportunities for content gains, the analyst thinks it will be "extremely challenging" for Apple supplier stocks, such as Cirrus Logic (CRUS), Qorvo (QRVO), Skyworks (SWKS), and Synaptics (SYNA), to work in the current cycle, as he anticipates declining iPhone shipments this year. His favorite Apple supply chain name remains Broadcom (AVGO), as he is increasingly confident in the company's M&A strategy and ability to diversify its exposure away from mobile, while continuing to gain share and grow content at Apple.
02/08/19
JPMS
02/08/19
DOWNGRADE
Target $50
JPMS
Neutral
Synaptics downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Paul Coster downgraded Synaptics to Neutral and lowered his price target for the shares to $50 from $55.
02/08/19
JPMS
02/08/19
DOWNGRADE
Target $50
JPMS
Neutral
JPMorgan downgrades Synaptics to Neutral on lack of visbility
JPMorgan analyst Paul Coster downgraded Synaptics to Neutral from Overweight and lowered his price target for the shares to $50 from $55. The company reported "solid" fiscal Q2 results, driven by further improvement in gross margins, but issued "slightly disappointing" Q3 guidance owing to soft demand in the handset market, Coster tells investors in a research note. Despite viewing the shares as undervalued, the analyst moves to the sidelines to reflect a lack of visibility, both with respect to product cycles and the broader trade-tensions with China.

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