AWM Investment Company Inc. Has $10.26 Million Holdings in nLight $LASR

Key Points

• AWM Investment Company Inc. increased its stake in nLight by 29.5% in the first quarter, bringing its total holdings to $10.26 million, making nLight its 29th biggest position.
• Insiders sold a total of 364,300 shares worth around $9.37 million in the last three months, with both the CFO and CEO reducing their ownership percentages.
• nLight reported quarterly revenue of $61.74 million, exceeding analyst estimates, while projecting a consensus EPS of -1.1 for the current year.

AWM Investment Company Inc. increased its stake in shares of nLight (NASDAQ:LASR - Free Report) by 29.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,319,917 shares of the company's stock after buying an additional 300,924 shares during the period. nLight accounts for about 1.4% of AWM Investment Company Inc.'s portfolio, making the stock its 29th largest holding. AWM Investment Company Inc. owned 2.67% of nLight worth $10,256,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State of Wyoming boosted its holdings in shares of nLight by 110.6% during the 1st quarter. State of Wyoming now owns 14,762 shares of the company's stock worth $115,000 after buying an additional 7,754 shares during the period. Keeley Teton Advisors LLC boosted its holdings in shares of nLight by 89.7% during the 1st quarter. Keeley Teton Advisors LLC now owns 127,356 shares of the company's stock worth $990,000 after buying an additional 60,221 shares during the period. AlphaQuest LLC boosted its holdings in shares of nLight by 129.7% during the 1st quarter. AlphaQuest LLC now owns 30,821 shares of the company's stock worth $239,000 after buying an additional 17,405 shares during the period. Quantbot Technologies LP boosted its holdings in shares of nLight by 230.6% during the 1st quarter. Quantbot Technologies LP now owns 39,223 shares of the company's stock worth $305,000 after buying an additional 27,359 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of nLight by 3.4% during the 1st quarter. Algert Global LLC now owns 221,430 shares of the company's stock worth $1,721,000 after buying an additional 7,180 shares during the period. Institutional investors own 83.88% of the company's stock.

nLight Price Performance

Shares of nLight stock traded down $0.66 on Friday, reaching $28.87. 815,941 shares of the stock were exchanged, compared to its average volume of 1,072,324. The firm's 50 day moving average is $23.05 and its 200-day moving average is $15.34. nLight has a one year low of $6.20 and a one year high of $30.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63. The firm has a market cap of $1.44 billion, a PE ratio of -30.39 and a beta of 2.44.

nLight (NASDAQ:LASR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.15. nLight had a negative net margin of 21.66% and a negative return on equity of 19.12%. The company had revenue of $61.74 million during the quarter, compared to the consensus estimate of $55.24 million. During the same quarter in the prior year, the firm posted ($0.10) EPS. The firm's quarterly revenue was up 22.2% on a year-over-year basis. nLight has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that nLight will post -1.1 EPS for the current fiscal year.

Insider Activity at nLight

In related news, CEO Scott H. Keeney sold 35,732 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.29, for a total value of $1,010,858.28. Following the completion of the transaction, the chief executive officer owned 2,513,734 shares of the company's stock, valued at $71,113,534.86. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Joseph John Corso sold 38,284 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the completion of the transaction, the chief financial officer directly owned 273,118 shares of the company's stock, valued at approximately $7,726,508.22. The trade was a 12.29% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 364,300 shares of company stock valued at $9,374,016. 4.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on LASR shares. Raymond James Financial reissued a "strong-buy" rating on shares of nLight in a report on Friday, August 8th. Benchmark boosted their price objective on shares of nLight from $15.00 to $25.00 and gave the company a "speculative buy" rating in a report on Friday, August 8th. Needham & Company LLC boosted their price objective on shares of nLight from $18.00 to $28.00 and gave the company a "buy" rating in a report on Friday, August 8th. Cantor Fitzgerald boosted their price objective on shares of nLight from $14.00 to $27.50 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Craig Hallum reissued a "buy" rating and issued a $24.00 price objective (up previously from $14.00) on shares of nLight in a report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $26.42.

nLight Profile

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.