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 stake 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 firm owned 2,560,490 shares of the company's stock after selling 91,625 shares during the quarter. nLight accounts for about 1.9% of Needham Investment Management LLC's investment portfolio, making the stock its 13th largest holding. Needham Investment Management LLC owned 5.18% of nLight worth $19,895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of nLight by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,593 shares of the company's stock worth $214,000 after acquiring an additional 1,170 shares during the period. Invenomic Capital Management LP bought a new stake in nLight during the first quarter valued at approximately $6,763,000. Cinctive Capital Management LP grew its position in nLight by 228.8% during the first quarter. Cinctive Capital Management LP now owns 412,555 shares of the company's stock valued at $3,206,000 after buying an additional 287,079 shares during the period. AWM Investment Company Inc. grew its position in nLight by 29.5% during the first quarter. AWM Investment Company Inc. now owns 1,319,917 shares of the company's stock valued at $10,256,000 after buying an additional 300,924 shares during the period. Finally, State of Wyoming grew its position in nLight by 110.6% during the first quarter. State of Wyoming now owns 14,762 shares of the company's stock valued at $115,000 after buying an additional 7,754 shares during the period. 83.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at nLight

In other news, CEO Scott H. Keeney sold 35,732 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 2,513,734 shares of the company's stock, valued at approximately $71,113,534.86. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph John Corso sold 38,284 shares of the business's stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 273,118 shares in the company, valued at $7,726,508.22. This trade represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 382,144 shares of company stock worth $9,896,107 in the last three months. Insiders own 6.10% of the company's stock.

nLight Price Performance

NASDAQ:LASR traded down $0.23 during trading hours on Wednesday, hitting $28.92. 636,304 shares of the stock traded hands, compared to its average volume of 639,337. The company has a quick ratio of 4.41, a current ratio of 5.63 and a debt-to-equity ratio of 0.09. nLight has a 1 year low of $6.20 and a 1 year high of $30.05. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -30.44 and a beta of 2.44. The stock has a 50 day moving average price of $23.42 and a 200 day moving average price of $15.59.

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, beating 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 business had revenue of $61.74 million for the quarter, compared to the consensus estimate of $55.24 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. 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. Sell-side analysts forecast that nLight will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on LASR shares. Needham & Company LLC boosted their target price on shares of nLight from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Craig Hallum restated a "buy" rating and set a $24.00 target price (up from $14.00) on shares of nLight in a research report on Thursday, June 26th. Stifel Nicolaus boosted their target price 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. 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 report on Friday, August 8th. Finally, 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 report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, nLight currently has an average rating of "Buy" and an average target price of $26.42.

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.