Needham Investment Management LLC Sells 91,625 Shares of nLight $LASR

Key Points

• Needham Investment Management LLC reduced its stake in nLight by 3.5%, owning approximately 2.56 million shares, which makes up 1.9% of its investment portfolio.
• Several investors significantly increased their positions in nLight, with GAMMA Investing LLC boosting its share ownership by an astonishing 6,563.0% during the same quarter.
• nLight recently reported better-than-expected earnings with $0.06 earnings per share, surpassing analysts' estimates, and also achieved a 22.2% increase in revenue year-over-year.

Needham Investment Management LLC cut its holdings in nLight (NASDAQ:LASR - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,560,490 shares of the company's stock after selling 91,625 shares during the quarter. nLight comprises approximately 1.9% of Needham Investment Management LLC's holdings, making the stock its 13th largest position. Needham Investment Management LLC owned about 5.18% of nLight worth $19,895,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LASR. Invenomic Capital Management LP acquired a new stake in nLight in the first quarter valued at approximately $6,763,000. Segall Bryant & Hamill LLC lifted its stake in nLight by 140.4% in the first quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock valued at $9,383,000 after acquiring an additional 705,215 shares during the last quarter. AWM Investment Company Inc. lifted its stake in nLight by 29.5% in the first quarter. AWM Investment Company Inc. now owns 1,319,917 shares of the company's stock valued at $10,256,000 after acquiring an additional 300,924 shares during the last quarter. Cinctive Capital Management LP lifted its stake in nLight by 228.8% in the first quarter. Cinctive Capital Management LP now owns 412,555 shares of the company's stock valued at $3,206,000 after acquiring an additional 287,079 shares during the last quarter. Finally, Polar Capital Holdings Plc acquired a new stake in nLight in the fourth quarter valued at approximately $2,259,000. 83.88% of the stock is currently owned by institutional investors and hedge funds.

nLight Stock Performance

nLight stock traded up $0.55 on Thursday, hitting $29.47. The company's stock had a trading volume of 204,800 shares, compared to its average volume of 636,777. The firm has a market cap of $1.47 billion, a P/E ratio of -31.07 and a beta of 2.44. The company has a quick ratio of 4.41, a current ratio of 5.63 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $23.61 and a 200-day moving average price of $15.69. nLight has a one year low of $6.20 and a one year high of $30.05.

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

Insider Activity

In related news, CEO Scott H. Keeney sold 35,732 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $28.29, for a total transaction of $1,010,858.28. Following the transaction, the chief executive officer owned 2,513,734 shares in the company, valued at $71,113,534.86. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph John Corso sold 38,284 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the transaction, the chief financial officer owned 273,118 shares in the company, valued at approximately $7,726,508.22. This trade represents a 12.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 382,144 shares of company stock worth $9,896,107. 4.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Raymond James Financial reissued a "strong-buy" rating on shares of nLight in a research report on Friday, August 8th. Benchmark lifted their price target on shares of 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 lifted their price target on shares of nLight from $14.00 to $27.50 and gave the company an "overweight" rating in a research report on Friday, August 8th. Stifel Nicolaus lifted their price target on shares of nLight from $12.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Craig Hallum reissued a "buy" rating and issued a $24.00 price target (up previously from $14.00) on shares of nLight in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus 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.