Russell Investments Group Ltd. boosted its position in nLight (NASDAQ:LASR - Free Report) by 322.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,571 shares of the company's stock after acquiring an additional 11,884 shares during the period. Russell Investments Group Ltd.'s holdings in nLight were worth $121,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in nLight by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company's stock worth $28,495,000 after acquiring an additional 74,163 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of nLight by 5.4% during the first quarter. Royce & Associates LP now owns 3,034,044 shares of the company's stock worth $23,575,000 after purchasing an additional 156,285 shares during the period. Needham Investment Management LLC increased its position in nLight by 13.4% during the 4th quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company's stock worth $27,821,000 after purchasing an additional 314,375 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in nLight by 140.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock worth $9,383,000 after acquiring an additional 705,215 shares in the last quarter. Finally, AWM Investment Company Inc. increased its holdings in shares of nLight by 9.7% in the 4th quarter. AWM Investment Company Inc. now owns 1,018,993 shares of the company's stock valued at $10,689,000 after acquiring an additional 90,040 shares during the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at nLight
In other nLight news, CEO Scott H. Keeney sold 35,730 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $29.63, for a total value of $1,058,679.90. Following the transaction, the chief executive officer directly owned 2,406,540 shares in the company, valued at approximately $71,305,780.20. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph John Corso sold 38,284 shares of nLight 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 of the company's stock, valued at $7,726,508.22. The trade was a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 364,300 shares of company stock valued at $9,374,016. Company insiders own 6.10% of the company's stock.
nLight Stock Performance
Shares of LASR stock traded down $0.60 during trading hours on Monday, reaching $28.27. 260,559 shares of the company's stock were exchanged, compared to its average volume of 637,402. The company's 50 day moving average is $23.05 and its two-hundred day moving average is $15.37. The company has a market cap of $1.41 billion, a P/E ratio of -29.70 and a beta of 2.44. 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 current ratio of 5.63 and a quick ratio of 4.41.
nLight (NASDAQ:LASR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $61.74 million for the quarter, compared to analysts' expectations of $55.24 million. During the same period in the prior year, the firm earned ($0.10) EPS. The business's quarterly revenue was up 22.2% on a year-over-year basis. nLight has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that nLight will post -1.1 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on LASR shares. Cantor Fitzgerald upped their price target on nLight from $14.00 to $27.50 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Benchmark increased their price objective on nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a report on Friday, August 8th. Raymond James Financial reissued a "strong-buy" rating on shares of nLight in a report on Friday, August 8th. Stifel Nicolaus raised their target price on nLight from $12.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Needham & Company LLC upped their target price on nLight from $18.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $26.42.
Check Out Our Latest Analysis on LASR
About nLight
(
Free Report)
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.
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