Lumentum Sees Unusually Large Options Volume (NASDAQ:LITE)

23 Feb 2026, 17:48 by Tristan Rich · The Markets Daily

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) saw some unusual options trading activity on Monday. Stock traders acquired 13,981 call options on the company. This is an increase of approximately 15% compared to the typical volume of 12,210 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LITE shares. Susquehanna boosted their price objective on Lumentum to $550.00 and gave the stock a “positive” rating in a research note on Wednesday, February 4th. Wall Street Zen lowered Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Stifel Nicolaus increased their price objective on Lumentum to $480.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Rosenblatt Securities raised their price objective on Lumentum to $580.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $458.00.

Check Out Our Latest Report on Lumentum

Insiders Place Their Bets

In other news, insider Yuen Wupen sold 3,157 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares of the company’s stock, valued at $47,580,182. This represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vincent Retort sold 45,026 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the sale, the insider owned 102,455 shares in the company, valued at $60,583,690.60. This trade represents a 30.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 60,473 shares of company stock worth $35,186,972. Company insiders own 0.43% of the company’s stock.

Institutional Trading of Lumentum

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC increased its position in shares of Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after acquiring an additional 57 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum in the 4th quarter valued at $28,000. Triumph Capital Management purchased a new stake in shares of Lumentum in the 4th quarter valued at $30,000. Harbour Investments Inc. lifted its stake in Lumentum by 675.0% during the 4th quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Chesapeake Asset Management LLC purchased a new position in shares of Lumentum in the fourth quarter valued at approximately $37,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Trading Up 0.5%

NASDAQ:LITE traded up $3.23 on Monday, hitting $671.00. The stock had a trading volume of 2,435,315 shares, compared to its average volume of 5,028,113. The company has a fifty day moving average price of $419.10 and a two-hundred day moving average price of $273.54. Lumentum has a 1-year low of $45.65 and a 1-year high of $688.07. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The stock has a market cap of $47.91 billion, a price-to-earnings ratio of 205.41 and a beta of 1.51.

Lumentum (NASDAQ:LITE – Get Free Report) last released 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 firm had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities research analysts expect that Lumentum will post 0.03 earnings per share for the current fiscal year.

Lumentum Company Profile

(Get Free Report)

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.