Lumentum Target of Unusually Large Options Trading (NASDAQ:LITE)

Lumentum Holdings Inc. (NASDAQ:LITE) was the target of unusually large options trading on Monday. Traders acquired 13,981 call options on the stock. This is an increase of approximately 15% compared to the average daily volume of 12,210 call options.

Insider Activity at Lumentum

In other Lumentum news, Director Penny Herscher sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the sale, the director owned 2,057 shares of the company’s stock, valued at $1,228,625.53. This trade represents a 66.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the transaction, the insider owned 95,975 shares of the company’s stock, valued at approximately $52,381,235.50. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 60,473 shares of company stock worth $35,186,972 in the last 90 days. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in Lumentum by 16.0% in the 4th quarter. Parallel Advisors LLC now owns 326 shares of the technology company’s stock valued at $120,000 after buying an additional 45 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Lumentum by 6.4% during the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after acquiring an additional 47 shares during the period. UMB Bank n.a. boosted its holdings in Lumentum by 5.2% in the fourth quarter. UMB Bank n.a. now owns 968 shares of the technology company’s stock valued at $357,000 after acquiring an additional 48 shares during the last quarter. Truvestments Capital LLC increased its position in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after purchasing an additional 57 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Lumentum by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock worth $5,208,000 after purchasing an additional 60 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LITE. UBS Group raised their price target on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wolfe Research reissued an “outperform” rating and set a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Bank of America boosted their price target on Lumentum to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Citigroup raised their price objective on Lumentum to $560.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Barclays lifted their price objective on Lumentum to $475.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $458.00.

Lumentum Trading Up 2.0%

LITE stock opened at $688.27 on Wednesday. Lumentum has a 1-year low of $45.65 and a 1-year high of $698.50. The firm has a market cap of $49.14 billion, a P/E ratio of 211.13 and a beta of 1.51. The business’s 50 day moving average is $433.34 and its 200-day moving average is $281.54. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.Lumentum’s quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities analysts anticipate that Lumentum will post 0.03 earnings per share for the current fiscal year.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Zacks: OCS and CPO momentum — Analyst note highlights a growing OCS backlog and rising CPO orders that signal accelerating AI-driven growth and margin leverage for LITE. Lumentum’s OCS and CPO Momentum Builds: More Upside for the Stock?
• Positive Sentiment: MSN / market coverage: Morgan Stanley and retail sentiment are bullish on AI optics, framing LITE as a primary beneficiary of hyperscaler capex into optics. LITE stock heads for 4th day in green: Morgan Stanley bets on AI optics, retail is bullish
• Positive Sentiment: Brokerage consolidation: Coverage summary shows an average rating of “Moderate Buy,” reinforcing investor confidence in near‑term and multi‑year upside. Lumentum Holdings Inc. (NASDAQ:LITE) Given Average Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: Zacks & Yahoo deep dives: Multiple analyst pieces note a 1.6T demand ramp, CPO moving into contracted backlog and the recent ~100% month move — all arguing for sustained revenue and margin upside if backlog converts as expected. AI Optics Boom: What 1.6T Ramp Means for the LITE Stock’s Prospect
• Neutral Sentiment: Comparative analysis: Articles comparing LITE to peers (e.g., Amtech) emphasize Lumentum’s stronger near‑term AI optics exposure but serve primarily as investor context rather than new company catalysts. Lumentum vs. Amtech: Which Semiconductor Stock is the Better Buy?
• Neutral Sentiment: Options flow: Unusual increase in call buying (about 13,981 calls) indicates speculative/hedged bullish bets but is not definitive proof of sustained institutional accumulation. (Market data item)

About Lumentum

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.