Charles Schwab Investment Management Inc. Increases Position in nLIGHT, Inc. (NASDAQ:LASR)

Charles Schwab Investment Management Inc. raised its holdings in shares of nLIGHT, Inc. (NASDAQ:LASRFree Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,720 shares of the company’s stock after buying an additional 7,660 shares during the period. Charles Schwab Investment Management Inc. owned about 0.77% of nLIGHT worth $4,829,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of nLIGHT by 1.2% during the third quarter. Vanguard Group Inc. now owns 4,995,388 shares of the company’s stock valued at $51,952,000 after buying an additional 58,689 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of nLIGHT by 18.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 1,693,821 shares of the company’s stock valued at $22,867,000 after buying an additional 258,199 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of nLIGHT by 1,251.2% in the third quarter. Acadian Asset Management LLC now owns 250,373 shares of the company’s stock valued at $2,601,000 after purchasing an additional 231,844 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of nLIGHT by 9.6% in the third quarter. GSA Capital Partners LLP now owns 145,031 shares of the company’s stock valued at $1,508,000 after purchasing an additional 12,658 shares during the period. Finally, Natixis Advisors L.P. boosted its holdings in shares of nLIGHT by 26.7% in the fourth quarter. Natixis Advisors L.P. now owns 77,978 shares of the company’s stock valued at $1,052,000 after purchasing an additional 16,420 shares during the period. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LASR. Needham & Company LLC lowered their price target on nLIGHT from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Benchmark reiterated a “speculative buy” rating and issued a $17.00 price target on shares of nLIGHT in a report on Friday, May 3rd.

Check Out Our Latest Analysis on nLIGHT

nLIGHT Stock Down 3.8 %

Shares of NASDAQ:LASR opened at $12.65 on Tuesday. The company has a market capitalization of $601.63 million, a price-to-earnings ratio of -12.40 and a beta of 2.38. nLIGHT, Inc. has a 52 week low of $8.13 and a 52 week high of $15.91. The firm has a 50 day moving average of $12.36 and a 200 day moving average of $12.87.

nLIGHT (NASDAQ:LASRGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.01. The company had revenue of $44.53 million during the quarter, compared to the consensus estimate of $44.35 million. nLIGHT had a negative net margin of 23.81% and a negative return on equity of 17.86%. On average, sell-side analysts expect that nLIGHT, Inc. will post -0.89 EPS for the current year.

Insider Buying and Selling

In related news, CFO Joseph John Corso sold 14,105 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $12.26, for a total value of $172,927.30. Following the completion of the transaction, the chief financial officer now owns 146,601 shares of the company’s stock, valued at $1,797,328.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Geoffrey Moore sold 38,796 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $13.14, for a total transaction of $509,779.44. Following the transaction, the director now directly owns 71,186 shares of the company’s stock, valued at $935,384.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph John Corso sold 14,105 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $12.26, for a total value of $172,927.30. Following the transaction, the chief financial officer now directly owns 146,601 shares in the company, valued at $1,797,328.26. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for nLIGHT (NASDAQ:LASR)

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