Why These 5 Stocks Are Moving on Thursday

2. Lumentum Holdings Inc. (NASDAQ:LITE) has risen 2.3% after reporting fiscal first quarter adjusted EPS of $1.79, exceeding the consensus by $0.24. Sales were $448.4 million, down 0.9% year over year, but $8.45 million ahead of estimates. Lumentum Holdings Inc. (NASDAQ:LITE) is also trending due to the company have entered into an agreement to buy NeoPhotonics Corporation (NYSE:NPTN) for $16 in cash per share subject to customary closing conditions. Fisher Asset Management was long 858,688 shares of Lumentum Holdings Inc. (NASDAQ:LITE) at the end of September.