Nuveen LLC Purchases New Position in nLight $LASR

Nuveen LLC purchased a new stake in shares of nLight (NASDAQ:LASR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 114,342 shares of the company's stock, valued at approximately $888,000. Nuveen LLC owned approximately 0.23% of nLight at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LASR. Segall Bryant & Hamill LLC boosted its position in nLight by 140.4% in the first quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock worth $9,383,000 after purchasing an additional 705,215 shares during the last quarter. Needham Investment Management LLC raised its stake in shares of nLight by 13.4% in the fourth 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 period. Polar Capital Holdings Plc bought a new stake in nLight during the 4th quarter valued at approximately $2,259,000. GSA Capital Partners LLP raised its stake in nLight by 515.8% during the 1st quarter. GSA Capital Partners LLP now owns 229,168 shares of the company's stock valued at $1,781,000 after purchasing an additional 191,954 shares during the period. Finally, Royce & Associates LP raised its stake in nLight by 5.4% during the 1st quarter. Royce & Associates LP now owns 3,034,044 shares of the company's stock valued at $23,575,000 after purchasing an additional 156,285 shares during the period. 83.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other nLight news, CFO Joseph John Corso sold 38,284 shares of the 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 transaction, the chief financial officer owned 273,118 shares of the company's stock, valued at $7,726,508.22. This represents a 12.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Scott H. Keeney sold 35,732 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $28.29, for a total value of $1,010,858.28. Following the completion of the transaction, the chief executive officer directly owned 2,513,734 shares in the company, valued at $71,113,534.86. This trade represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 364,300 shares of company stock worth $9,374,016. Corporate insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Cantor Fitzgerald lifted their price objective on nLight from $14.00 to $27.50 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Benchmark upped their price objective on nLight from $15.00 to $25.00 and gave the company a "speculative buy" rating in a research report on Friday, August 8th. Stifel Nicolaus upped their price objective on nLight from $12.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Needham & Company LLC increased their price target on nLight from $18.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Craig Hallum reiterated a "buy" rating and issued a $24.00 price target (up from $14.00) on shares of nLight in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, nLight presently has an average rating of "Buy" and a consensus target price of $26.42.

nLight Stock Down 2.2%

NASDAQ LASR traded down $0.66 during trading on Friday, reaching $28.87. 815,941 shares of the company's stock were exchanged, compared to its average volume of 976,549. nLight has a 1 year low of $6.20 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63. The stock has a market cap of $1.44 billion, a P/E ratio of -30.39 and a beta of 2.44. The company has a 50 day moving average price of $23.05 and a two-hundred day moving average price of $15.37.

nLight (NASDAQ:LASR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.06 EPS for the quarter, beating 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 firm had revenue of $61.74 million during the quarter, compared to the consensus estimate of $55.24 million. During the same period in the prior year, the business earned ($0.10) EPS. The firm's revenue was up 22.2% compared to the same quarter last year. nLight has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that nLight will post -1.1 EPS for the current fiscal year.

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.