nLIGHT, Inc. (NASDAQ:LASR) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 65.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,688 shares of the company's stock after acquiring an additional 24,367 shares during the quarter. BNP Paribas Financial Markets owned 0.13% of nLIGHT worth $647,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LASR. Royce & Associates LP increased its position in shares of nLIGHT by 5.3% in the 4th quarter. Royce & Associates LP now owns 2,877,759 shares of the company's stock valued at $30,188,000 after purchasing an additional 144,283 shares during the last quarter. Senvest Management LLC grew its stake in shares of nLIGHT by 114.1% during the fourth quarter. Senvest Management LLC now owns 2,481,677 shares of the company's stock worth $26,033,000 after purchasing an additional 1,322,637 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in nLIGHT by 20.8% in the fourth quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company's stock valued at $9,932,000 after buying an additional 162,903 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in nLIGHT in the fourth quarter valued at $5,270,000. Finally, Northern Trust Corp raised its stake in nLIGHT by 10.9% in the fourth quarter. Northern Trust Corp now owns 478,646 shares of the company's stock valued at $5,021,000 after buying an additional 46,881 shares in the last quarter. Hedge funds and other institutional investors own 83.88% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised nLIGHT from a "hold" rating to a "buy" rating and set a $14.00 price objective for the company in a research report on Friday, May 9th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, nLIGHT has an average rating of "Buy" and an average target price of $14.90.

nLIGHT Trading Up 6.8%

NASDAQ:LASR traded up $0.99 during midday trading on Tuesday, hitting $15.48. 1,298,978 shares of the company were exchanged, compared to its average volume of 364,322. nLIGHT, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $15.71. The company has a market capitalization of $765.32 million, a PE ratio of -15.03 and a beta of 2.02. The company has a fifty day simple moving average of $9.03 and a 200 day simple moving average of $9.98.

nLIGHT (NASDAQ:LASR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.13. The business had revenue of $51.67 million for the quarter, compared to analysts' expectations of $47.77 million. nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. The business's revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. As a group, equities research analysts expect that nLIGHT, Inc. will post -1.1 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Scott H. Keeney sold 53,511 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the sale, the chief executive officer now directly owns 1,267,927 shares of the company's stock, valued at approximately $10,358,963.59. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 57,184 shares of company stock valued at $475,534 over the last quarter. Company insiders own 4.70% of the company's stock.

nLIGHT Company 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.