Investors focused on the Computer and Technology space have likely heard of Lumentum Holdings (LITE), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Lumentum Holdings is a member of our Computer and Technology group, which includes 638 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. LITE is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for LITE's full-year earnings has moved 0.07% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.According to our latest data, LITE has moved about 33.09% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 19.91%. As we can see, Lumentum Holdings is performing better than its sector in the calendar year.Breaking things down more, LITE is a member of the Lasers Systems and Components industry, which includes 6 individual companies and currently sits at #17 in the Zacks Industry Rank. Stocks in this group have gained about 13.65% so far this year, so LITE is performing better this group in terms of year-to-date returns.Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to LITE as it looks to continue its solid performance.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lumentum Holdings Inc. (LITE): Free Stock Analysis Report To read this article on Zacks.com click here.