Strs Ohio Purchases New Shares in nLight $LASR

Key Points

• Strs Ohio has acquired a new stake in nLight, purchasing 47,700 shares valued at approximately $371,000, amounting to about 0.10% ownership of the company.
• Several institutional investors, including Bank of America and Vanguard Group, have also significantly increased their positions in nLight, indicating strong institutional interest.
• Wall Street analysts are generally bullish on nLight, with multiple firms raising target prices and maintaining buy ratings, leading to a consensus target price of $27.42.

Strs Ohio purchased a new stake in nLight (NASDAQ:LASR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,700 shares of the company's stock, valued at approximately $371,000. Strs Ohio owned about 0.10% of nLight at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LASR. Bank of America Corp DE increased its position in shares of nLight by 72.0% during the 4th quarter. Bank of America Corp DE now owns 209,644 shares of the company's stock valued at $2,199,000 after purchasing an additional 87,788 shares during the last quarter. Vanguard Group Inc. increased its position in shares of nLight by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company's stock valued at $28,495,000 after purchasing an additional 74,163 shares during the last quarter. King Luther Capital Management Corp purchased a new stake in shares of nLight during the 1st quarter valued at $388,000. Segall Bryant & Hamill LLC increased its position in shares of nLight by 140.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock valued at $9,383,000 after purchasing an additional 705,215 shares during the last quarter. Finally, Keeley Teton Advisors LLC increased its position in shares of nLight by 89.7% during the 1st quarter. Keeley Teton Advisors LLC now owns 127,356 shares of the company's stock valued at $990,000 after purchasing an additional 60,221 shares during the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LASR shares. Craig Hallum reaffirmed 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 raised 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. Needham & Company LLC raised their target price on nLight from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of nLight in a research report on Friday, August 8th. Finally, Cantor Fitzgerald raised their target price on nLight from $27.50 to $33.50 and gave the company an "overweight" rating in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $27.42.

Insider Buying and Selling

In related news, CEO Scott H. Keeney sold 62,507 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $30.99, for a total value of $1,937,091.93. Following the completion of the sale, the chief executive officer owned 2,319,038 shares in the company, valued at $71,866,987.62. The trade was a 2.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Joseph John Corso sold 3,588 shares of the business'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 completion of 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 disclosure for this sale can be found here. Insiders sold a total of 408,662 shares of company stock valued at $11,308,311 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

nLight Trading Up 1.2%

Shares of LASR opened at $31.55 on Tuesday. The business has a 50-day moving average of $25.39 and a 200 day moving average of $16.95. nLight has a fifty-two week low of $6.20 and a fifty-two week high of $32.24. The firm has a market cap of $1.57 billion, a P/E ratio of -33.21 and a beta of 2.44. 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 (NASDAQ:LASR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.15. The business had revenue of $61.74 million during the quarter, compared to analyst estimates of $55.24 million. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The company's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) EPS. nLight has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that nLight will post -1.1 EPS for the current 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.

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