Lumentum Shares Surge 5.81% as Trading Volume Jumps 68 to 64th in U.S. Rankings Amid AI-Driven Institutional Betting

Lumentum (LITE) surged 5.81% on Thursday, with a trading volume of $1.17 billion, a 67.94% increase from the previous day, ranking it 64th in volume among U.S. stocks. Institutional investors, including Atreides Management LP and Graham Capital Management L.P., expanded their stakes in the stock during the first quarter, with Atreides increasing its position by 6.8% to $116.9 million and Graham adding 39,353 shares valued at $2.45 million. Analysts from Bank of America, Stifel Nicolaus, and Rosenblatt Securities upgraded their price targets, averaging $125.86 with a "Moderate Buy" consensus rating.

Lumentum reported Q2 2025 earnings of $0.88 per share, exceeding estimates by $0.09, with revenue jumping 55.9% year-over-year to $480.7 million. The company’s Q1 2026 guidance of $0.95–$1.10 EPS further reinforced investor confidence. Institutional ownership now accounts for 94.05% of the stock, reflecting sustained institutional interest amid AI-driven demand for optical infrastructure.

Insider activity included sales by Yuen Wupen and SVP Jae Kim, reducing their holdings by 3.04% and 11.87%, respectively. Despite these sales, insiders retain 0.19% of the stock. The stock’s 52-week range of $45.65–$137.10 highlights its volatility, with a market cap of $9.28 billion and a beta of 1.42 indicating heightened sensitivity to market swings.

Backtest results show LITE’s 5.81% gain outperformed its 50-day moving average of $107.04 and 200-day average of $81.93. The stock closed at $132.81, approaching its 52-week high of $137.10, with technical indicators suggesting continued momentum in the AI and photonics sectors.