<div id="readability-page-1"><p>Sanders Morris Harris LLC purchased a new position in  Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The fund purchased 6,233 shares of the technology company's stock, valued at approximately $1,014,000.</p><ul><li>3 Data Center Stocks Are Soaring—Analysts Think 1 Could Go Higher</li></ul><p>A number of other hedge funds have also recently bought and sold shares of the business. PointState Capital LP acquired a new position in  Lumentum during the 1st quarter worth $213,503,000.  Hood River Capital Management LLC lifted its position in shares of  Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company's stock worth $209,745,000 after purchasing an additional 994,551 shares during the last quarter.  Analog Century Management LP acquired a new position in  Lumentum in the first quarter worth about $60,348,000.  Norges Bank bought a new stake in  Lumentum in the second quarter valued at about $82,983,000.  Finally, Channing Capital Management LLC bought a new stake in  Lumentum in the first quarter valued at about $36,715,000. Institutional investors and hedge funds own  94.05% of the company's stock. </p><h2>Insider Activity at Lumentum</h2><p>In other news, Director Isaac Hosojiro Harris sold 7,200 shares of Lumentum stock in a transaction on Friday, November 7th. The stock was sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the transaction, the director owned 9,764 shares in the company, valued at approximately $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jae Kim sold 170 shares of the company's stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total value of $41,820.00. Following the completion of the transaction, the senior vice president owned 38,400 shares in the company, valued at $9,446,400. This represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 28,612 shares of company stock worth $7,317,398. Insiders own  0.43% of the company's stock. </p><h2>Lumentum Stock Performance</h2><ul><li>Coherent gains from the AI chip boom</li></ul><p>Shares of LITE opened at $316.15 on Wednesday. The firm has a market capitalization of $22.42 billion, a PE ratio of 212.18 and a beta of 1.53. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The firm has a 50-day moving average price of $244.34 and a 200 day moving average price of $162.34. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $376.53. </p><p>Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. The business had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company's revenue was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS.  On average, sell-side analysts anticipate that  Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Lumentum Lights Up on the AI and ML Surge</li></ul><p>A number of equities research analysts have recently weighed in on LITE shares. Zacks Research upgraded Lumentum from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Tuesday, December 2nd. Rosenblatt Securities lifted their price objective on shares of Lumentum to $380.00 and gave the stock a &#34;buy&#34; rating in a report on Thursday, December 4th. Needham &amp; Company LLC increased their target price on shares of Lumentum to $290.00 and gave the stock a &#34;buy&#34; rating in a report on Monday, November 24th. Mizuho raised their price target on shares of Lumentum to $325.00 and gave the stock an &#34;outperform&#34; rating in a research report on Tuesday, November 25th. Finally, Northland Securities  set a $350.00 price objective on shares of Lumentum in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned  a Buy rating, five have assigned  a Hold rating and one  has assigned  a Sell rating to the company. Based on data from MarketBeat.com, Lumentum currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $215.00.</p><p><b>Check Out Our Latest Report on Lumentum</b></p><h2>Lumentum 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>Featured Stories</h2><ul><li>Five stocks we like better than Lumentum</li><li>How to buy stock: A step-by-step guide for beginners </li><li>AI Chips Can’t Exist Without These 2 Underrated Tech Giants</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart Buy</li><li>Financial Services Stocks Investing</li><li>RTX Surges to Record Highs as Defense Orders Explode</li></ul><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>Sanders Morris Harris LLC acquired 6,233 shares of Lumentum Holdings Inc. during Q3, valued at $1,014,000. Other hedge funds also increased their positions. Lumentum's stock performance is strong, with a market cap of $22.42 billion and a recent earnings beat. Analysts have upgraded the stock, citing growth from AI and ML trends. Insiders sold shares worth $7.3 million recently.</p>

Sanders Morris Harris LLC Takes Position in Lumentum Holdings Inc. $LITE