870,390 Shares in nLight $LASR Bought by Invenomic Capital Management LP

Key Points

• Invenomic Capital Management LP has acquired a new stake of 870,390 shares in nLight (NASDAQ:LASR), valued at approximately $6.76 million, representing 1.76% ownership by the end of the reporting period.
• Research analysts have boosted their price targets for nLight, with Needham & Company raising their target from $18.00 to $28.00, reflecting a growing confidence in the stock.
• nLight reported $0.06 EPS for the last quarter, exceeding analyst expectations, with quarterly revenue rising by 22.2% year-over-year to $61.74 million.

Invenomic Capital Management LP bought a new position in nLight (NASDAQ:LASR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 870,390 shares of the company's stock, valued at approximately $6,763,000. Invenomic Capital Management LP owned approximately 1.76% of nLight as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Segall Bryant & Hamill LLC boosted its stake in nLight by 140.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock valued at $9,383,000 after purchasing an additional 705,215 shares during the last quarter. Needham Investment Management LLC boosted its stake in shares of nLight by 13.4% in the 4th quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company's stock worth $27,821,000 after buying an additional 314,375 shares during the last quarter. AWM Investment Company Inc. raised its holdings in nLight by 29.5% in the 1st quarter. AWM Investment Company Inc. now owns 1,319,917 shares of the company's stock worth $10,256,000 after purchasing an additional 300,924 shares during the period. Cinctive Capital Management LP raised its holdings in nLight by 228.8% in the 1st quarter. Cinctive Capital Management LP now owns 412,555 shares of the company's stock worth $3,206,000 after purchasing an additional 287,079 shares during the period. Finally, Polar Capital Holdings Plc bought a new position in nLight in the 4th quarter worth $2,259,000. Hedge funds and other institutional investors own 83.88% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at nLight

In other news, CFO Joseph John Corso sold 3,588 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $29.73, for a total value of $106,671.24. Following the completion of the sale, the chief financial officer owned 265,418 shares of the company's stock, valued at $7,890,877.14. This represents a 1.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Scott H. Keeney sold 9,604 shares of nLight stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $29.14, for a total transaction of $279,860.56. Following the completion of the sale, the chief executive officer owned 2,396,936 shares of the company's stock, valued at $69,846,715.04. This trade represents a 0.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 382,144 shares of company stock valued at $9,896,107. Corporate insiders own 6.10% of the company's stock.

nLight Stock Performance

NASDAQ:LASR traded down $0.16 during mid-day trading on Wednesday, hitting $29.00. The company's stock had a trading volume of 311,732 shares, compared to its average volume of 637,400. nLight has a 1 year low of $6.20 and a 1 year high of $30.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.63 and a quick ratio of 4.41. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -30.56 and a beta of 2.44. The business's fifty day moving average is $23.42 and its two-hundred day moving average is $15.59.

nLight (NASDAQ:LASR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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 firm 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 earned ($0.10) EPS. The company's revenue for the quarter was up 22.2% on a year-over-year basis. nLight has set its Q3 2025 guidance at EPS. Analysts anticipate that nLight will post -1.1 EPS for the current fiscal year.

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.