Moody National Bank Trust Division Has $490,000 Holdings in nLight $LASR

Key Points

• Moody National Bank Trust Division has reduced its stake in nLight (NASDAQ:LASR) by 48.9%, now holding 24,897 shares worth approximately $490,000.
• Despite the reduction from Moody, other investors like GAMMA Investing LLC have significantly increased their stakes, with GAMMA upping their investment by 6,563.0% in the first quarter.
• Analysts have a consensus rating of "Buy" for nLight, with several price target upgrades, including Cantor Fitzgerald raising it to $33.50.

Moody National Bank Trust Division lowered its stake in shares of nLight (NASDAQ:LASR - Free Report) by 48.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,897 shares of the company's stock after selling 23,860 shares during the period. Moody National Bank Trust Division owned approximately 0.05% of nLight worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LASR. GAMMA Investing LLC raised its holdings in shares of nLight by 6,563.0% during the 1st quarter. GAMMA Investing LLC now owns 4,864 shares of the company's stock worth $38,000 after buying an additional 4,791 shares in the last quarter. State of Wyoming lifted its stake in shares of nLight by 110.6% in the 1st quarter. State of Wyoming now owns 14,762 shares of the company's stock valued at $115,000 after acquiring an additional 7,754 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of nLight by 322.3% in the 1st quarter. Russell Investments Group Ltd. now owns 15,571 shares of the company's stock worth $121,000 after buying an additional 11,884 shares during the last quarter. ProShare Advisors LLC raised its holdings in 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of nLight by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,593 shares of the company's stock valued at $214,000 after purchasing an additional 1,170 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company's stock.

nLight Stock Down 0.1%

NASDAQ:LASR traded down $0.02 during trading hours on Friday, hitting $31.18. 1,228,427 shares of the company's stock traded hands, compared to its average volume of 897,690. The firm has a market cap of $1.56 billion, a P/E ratio of -32.82 and a beta of 2.44. The stock's fifty day moving average price is $25.13 and its two-hundred day moving average price is $16.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63. nLight has a twelve month low of $6.20 and a twelve month high of $31.93.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LASR shares. Cantor Fitzgerald upped their price target on shares of nLight from $27.50 to $33.50 and gave the stock an "overweight" rating in a research report on Monday, September 15th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of nLight in a report on Friday, August 8th. Wall Street Zen raised nLight from a "hold" rating to a "buy" rating in a report on Saturday. Craig Hallum restated a "buy" rating and issued a $24.00 price target (up from $14.00) on shares of nLight in a research report on Thursday, June 26th. Finally, Benchmark increased their target price on nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $27.42.

Insider Transactions at nLight

In other news, CFO Joseph John Corso sold 3,588 shares of the company's 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 transaction, the chief financial officer owned 265,418 shares in the company, valued at approximately $7,890,877.14. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Scott H. Keeney sold 15,391 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.84, for a total value of $443,876.44. Following the transaction, the chief executive officer owned 2,381,545 shares of the company's stock, valued at $68,683,757.80. This represents a 0.64% decrease in their ownership of the stock. 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 ninety days. Insiders own 6.10% 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.