nLight $LASR Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in nLight by 34.4%, selling 163,123 shares during the 1st quarter, and now owns 310,981 shares valued at approximately $2.4 million.
• nLight's stock recently saw a 3.7% increase and reported earnings of $0.06 per share, exceeding analyst expectations and reflecting a 22.2% year-over-year revenue growth.
• Multiple analysts have raised their price targets for nLight, with Stifel Nicolaus increasing their target from $12.00 to $26.00, indicating a general optimism surrounding the stock's future performance.

Acadian Asset Management LLC lessened its position in shares of nLight (NASDAQ:LASR - Free Report) by 34.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,981 shares of the company's stock after selling 163,123 shares during the quarter. Acadian Asset Management LLC owned about 0.63% of nLight worth $2,415,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in nLight by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,423 shares of the company's stock valued at $277,000 after buying an additional 1,140 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of nLight by 6,563.0% in the 1st quarter. GAMMA Investing LLC now owns 4,864 shares of the company's stock worth $38,000 after purchasing an additional 4,791 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of nLight by 7.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,990 shares of the company's stock worth $871,000 after purchasing an additional 5,958 shares during the period. ProShare Advisors LLC boosted its holdings in shares of nLight by 46.9% in the 4th quarter. ProShare Advisors LLC now owns 19,112 shares of the company's stock worth $200,000 after purchasing an additional 6,098 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of nLight by 3.4% in the 1st quarter. Algert Global LLC now owns 221,430 shares of the company's stock worth $1,721,000 after purchasing an additional 7,180 shares during the period. Hedge funds and other institutional investors own 83.88% of the company's stock.

nLight Stock Performance

NASDAQ LASR traded down $0.02 on Friday, hitting $31.18. 1,228,427 shares of the company's stock were exchanged, compared to its average volume of 880,649. 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 firm's 50-day moving average price is $25.13 and its two-hundred day moving average price is $16.68. nLight has a fifty-two week low of $6.20 and a fifty-two week high of $31.93. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -32.82 and a beta of 2.44.

nLight (NASDAQ:LASR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.15. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The company had revenue of $61.74 million for the quarter, compared to analysts' expectations of $55.24 million. During the same quarter in the previous 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. On average, research analysts expect that nLight will post -1.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LASR shares. Needham & Company LLC boosted their price objective on nLight from $18.00 to $28.00 and gave the company a "buy" rating in a report on Friday, August 8th. Raymond James Financial restated a "strong-buy" rating on shares of nLight in a research note on Friday, August 8th. Stifel Nicolaus upped their target price on nLight from $12.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald increased their price objective on nLight from $27.50 to $33.50 and gave the company an "overweight" rating in a report on Monday, September 15th. Finally, Benchmark upped their target price on nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat, nLight has an average rating of "Buy" and an average price target of $27.42.

Insider Activity at nLight

In other news, CFO Joseph John Corso sold 3,588 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $29.73, for a total transaction of $106,671.24. Following the sale, the chief financial officer owned 265,418 shares of the company's stock, valued at $7,890,877.14. The trade was a 1.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott H. Keeney sold 15,391 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.84, for a total value of $443,876.44. Following the sale, the chief executive officer directly owned 2,381,545 shares in the company, valued at $68,683,757.80. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 346,155 shares of company stock worth $9,371,219 in the last three months. Corporate 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.