Amundi Invests $1.02 Million in nLight $LASR

Amundi acquired a new position in nLight (NASDAQ:LASR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,948 shares of the company's stock, valued at approximately $1,023,000.

A number of other hedge funds also recently bought and sold shares of the company. Osaic Holdings Inc. raised its position in nLight by 1,599.1% in the second quarter. Osaic Holdings Inc. now owns 1,835 shares of the company's stock worth $36,000 after acquiring an additional 1,727 shares during the period. Sunbelt Securities Inc. grew its position in shares of nLight by 7,142.9% during the 4th quarter. Sunbelt Securities Inc. now owns 1,014 shares of the company's stock valued at $38,000 after acquiring an additional 1,000 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of nLight by 155.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,062 shares of the company's stock valued at $40,000 after acquiring an additional 647 shares during the period. Wexford Capital LP purchased a new stake in shares of nLight in the 3rd quarter worth $41,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of nLight by 7,871.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,116 shares of the company's stock worth $42,000 after purchasing an additional 1,102 shares in the last quarter. Hedge funds and other institutional investors own 83.88% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Roth Capital reiterated a "buy" rating and set a $81.00 target price on shares of nLight in a research report on Friday, April 24th. UBS Group set a $90.00 price target on nLight in a research report on Friday, July 10th. Needham & Company LLC upped their price target on nLight from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Zacks Research downgraded nLight from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, Craig Hallum lifted their price objective on nLight from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $87.94.

nLight Price Performance

Shares of LASR stock opened at $56.15 on Friday. nLight has a one year low of $23.61 and a one year high of $86.95. The company's fifty day moving average price is $67.70 and its 200-day moving average price is $64.67. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -224.60 and a beta of 2.31.

nLight (NASDAQ:LASR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. nLight had a negative net margin of 4.02% and a negative return on equity of 3.19%. The company had revenue of $82.59 million during the quarter, compared to the consensus estimate of $78.58 million. During the same quarter in the prior year, the firm posted $0.06 EPS. nLight's quarterly revenue was up 33.8% compared to the same quarter last year. Equities research analysts expect that nLight will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Joseph John Corso sold 35,476 shares of nLight stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $70.40, for a total transaction of $2,497,510.40. Following the sale, the chief financial officer owned 177,572 shares of the company's stock, valued at approximately $12,501,068.80. This trade represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Scott H. Keeney sold 46,735 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $68.48, for a total value of $3,200,412.80. Following the completion of the transaction, the chief executive officer directly owned 2,375,519 shares in the company, valued at approximately $162,675,541.12. This represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 391,038 shares of company stock worth $28,367,419 over the last 90 days. Company insiders own 3.10% of the company's stock.

Key Stories Impacting nLight

Here are the key news stories impacting nLight this week:

• Positive Sentiment: Q2 results exceeded expectations. nLIGHT reported adjusted earnings of $0.15 per share versus the $0.14 consensus estimate, while revenue rose 33.8% year over year to $82.59 million, above expectations of approximately $78.6 million. nLIGHT Announces Second Quarter 2026 Results
• Positive Sentiment: Defense and aerospace demand remained strong. Record aerospace and defense revenue, increasing demand for high-power lasers, and gross-margin and adjusted-EBITDA performance at or above company expectations supported the quarter’s results. LASR Q2 Earnings Surpass Estimates on Strong A&D Growth
• Neutral Sentiment: Management will participate in upcoming Needham and Jefferies investor conferences, potentially providing additional updates on defense demand, supply-chain conditions and growth plans. nLIGHT Announces Participation in Upcoming Investor Events
• Negative Sentiment: Supply issues cloud the near-term outlook. China-linked supply delays are expected to affect third-quarter shipments. nLIGHT guided for Q3 revenue of $63 million to $73 million, a range whose midpoint is below the roughly $69.1 million analyst consensus and signals a potential sequential decline despite robust underlying demand. nLIGHT Stock Falls as China-Linked Supply Issues Overshadow Quarterly Beat
• Negative Sentiment: The earnings outlook prompted caution among analysts, including a Zacks Research downgrade from “strong buy” to “hold,” adding pressure to the stock’s valuation and near-term sentiment. LASR Earnings Call Focuses on Defense and Supply Constraints

About nLight

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source