nLIGHT, Inc. (NASDAQ:LASR) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in nLIGHT, Inc. (NASDAQ:LASR) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 385,784 shares of the company’s stock after acquiring an additional 8,139 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.80% of nLIGHT worth $4,124,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LASR. Pinnacle Associates Ltd. lifted its position in shares of nLIGHT by 18.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 2,020,769 shares of the company’s stock valued at $22,087,000 after acquiring an additional 309,634 shares in the last quarter. Royce & Associates LP grew its stake in nLIGHT by 9.1% in the 3rd quarter. Royce & Associates LP now owns 2,733,476 shares of the company’s stock valued at $29,221,000 after buying an additional 227,580 shares during the last quarter. Divisar Capital Management LLC grew its stake in nLIGHT by 9.4% in the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock valued at $16,897,000 after buying an additional 133,023 shares during the last quarter. Quest Partners LLC grew its stake in nLIGHT by 227.4% in the 3rd quarter. Quest Partners LLC now owns 71,979 shares of the company’s stock valued at $769,000 after buying an additional 49,995 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in nLIGHT by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,147,845 shares of the company’s stock valued at $12,547,000 after buying an additional 47,267 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

nLIGHT Trading Down 1.7 %

LASR opened at $11.01 on Friday. The stock has a market capitalization of $533.21 million, a PE ratio of -10.69 and a beta of 2.20. nLIGHT, Inc. has a 1-year low of $9.80 and a 1-year high of $15.00. The firm has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $11.43.

Insider Buying and Selling at nLIGHT

In related news, CFO Joseph John Corso sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $10.92, for a total transaction of $27,300.00. Following the completion of the transaction, the chief financial officer now owns 155,129 shares in the company, valued at approximately $1,694,008.68. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott H. Keeney sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $11.20, for a total transaction of $168,000.00. Following the transaction, the chief executive officer now owns 1,347,781 shares of the company’s stock, valued at approximately $15,095,147.20. This represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,006 shares of company stock worth $739,716. 6.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on LASR. Needham & Company LLC raised their price target on shares of nLIGHT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald initiated coverage on shares of nLIGHT in a report on Thursday, October 3rd. They set an “overweight” rating and a $15.50 price target for the company.

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.