<div id="readability-page-1"><p>Cim Investment Management Inc. lifted its stake in  Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 100.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 9,622 shares of the technology company's stock after purchasing an additional 4,829 shares during the period. Cim Investment Management Inc.'s holdings in Lumentum were worth $860,000 at the end of the most recent reporting period.</p><ul><li>3 Data Center Stocks Are Soaring—Analysts Think 1 Could Go Higher</li></ul><p>A number of other institutional investors also recently bought and sold shares of the stock. MAI Capital Management grew its holdings in  Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company's stock valued at $43,000 after purchasing an additional 96 shares during the period.  Louisiana State Employees Retirement System grew its stake in shares of  Lumentum by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company's stock valued at $1,854,000 after acquiring an additional 100 shares during the period.  Bessemer Group Inc. grew its stake in shares of  Lumentum by 5.8% during the 2nd quarter. Bessemer Group Inc. now owns 2,473 shares of the technology company's stock valued at $234,000 after acquiring an additional 136 shares during the period.  Keynote Financial Services LLC increased its holdings in  Lumentum by 1.8% in the 2nd quarter. Keynote Financial Services LLC now owns 8,396 shares of the technology company's stock worth $798,000 after acquiring an additional 148 shares in the last quarter.  Finally, Advisors Asset Management Inc. raised its stake in  Lumentum by 18.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,123 shares of the technology company's stock worth $107,000 after acquiring an additional 178 shares during the period. 94.05% of the stock is owned by institutional investors. </p><h2>Insider Buying and Selling at Lumentum</h2><p>In other Lumentum news, SVP Jae Kim sold 1,367 shares of the business's stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $234.14, for a total transaction of $320,069.38. Following the sale, the senior vice president owned 38,570 shares in the company, valued at approximately $9,030,779.80. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the firm's stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the transaction, the director owned 9,764 shares of the company's stock, valued at approximately $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,612 shares of company stock worth $7,317,398 in the last three months. 0.43% of the stock is owned by company insiders. </p><h2>Lumentum Stock Performance</h2><ul><li>Coherent gains from the AI chip boom</li></ul><p>Shares of NASDAQ:LITE opened at $324.35 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $376.53. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of 217.69 and a beta of 1.53. The firm's 50-day moving average is $237.68 and its 200 day moving average is $158.24. </p><p>Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The business had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The company's revenue for the quarter was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS.  Research analysts predict that  Lumentum Holdings Inc. will post 0.03 EPS for the current year. </p><h2>Analysts Set New Price Targets</h2><ul><li>Lumentum Lights Up on the AI and ML Surge</li></ul><p>LITE has been the subject of a number of recent analyst reports. Stifel Nicolaus  set a $220.00 price target on shares of Lumentum in a research report on Wednesday, November 5th. KGI Securities assumed coverage on shares of Lumentum in a report on Monday, August 18th. They issued an &#34;outperform&#34; rating for the company. Raymond James Financial lowered Lumentum from a &#34;strong-buy&#34; rating to an &#34;outperform&#34; rating and set a $220.00 price objective for the company. in a research note on Friday, October 31st. Susquehanna lifted their target price on Lumentum from $140.00 to $190.00 and gave the company a &#34;positive&#34; rating in a research note on Wednesday, October 22nd. Finally, Barclays boosted their price target on Lumentum from $165.00 to $181.00 and gave the stock an &#34;equal weight&#34; rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one  has issued  a Sell rating to the company's stock. According to MarketBeat.com, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $215.00.</p><p><b>Check Out Our Latest Stock Analysis on Lumentum</b></p><h2>Lumentum Company Profile</h2> (Free Report)<p>Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.</p><h2>Read More</h2><ul><li>Five stocks we like better than Lumentum</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Breakout Stocks: What They Are and How to Identify Them</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>Overbought Stocks Explained: Should You Trade Them?</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><strong>Want to see what other hedge funds are holding LITE?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lumentum Holdings Inc. (NASDAQ:LITE - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TElURQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TElURQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Lumentum Right Now?</h2><p>Before you consider Lumentum, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lumentum wasn't on the list.</p><p>While Lumentum currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

LITE

<p>Cim Investment Management Inc. increased its stake in Lumentum Holdings Inc. by 100.8% in Q2, owning 9,622 shares valued at $860,000. Other institutional investors also adjusted their holdings. Lumentum's stock performance shows a 12-month high of $376.53 and a market cap of $23 billion. Recent earnings beat estimates, with revenue up 58.4% year-over-year. Analysts have set new price targets amid AI and ML growth.</p>

Cim Investment Management Inc. Raises Position in Lumentum Holdings Inc. $LITE