nLIGHT, Inc. (NASDAQ:LASR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,103,920 shares of the company’s stock after buying an additional 9,673 shares during the period. Geode Capital Management LLC owned about 2.28% of nLIGHT worth $11,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its stake in nLIGHT by 317.7% during the third quarter. Barclays PLC now owns 70,599 shares of the company’s stock worth $755,000 after purchasing an additional 53,699 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of nLIGHT by 98.2% in the third quarter. Jane Street Group LLC now owns 138,646 shares of the company’s stock valued at $1,482,000 after acquiring an additional 68,682 shares in the last quarter. State Street Corp lifted its holdings in shares of nLIGHT by 1.1% in the 3rd quarter. State Street Corp now owns 1,021,736 shares of the company’s stock valued at $10,922,000 after buying an additional 11,132 shares during the period. Stifel Financial Corp grew its stake in shares of nLIGHT by 4.3% during the 3rd quarter. Stifel Financial Corp now owns 143,744 shares of the company’s stock worth $1,537,000 after purchasing an additional 5,909 shares during the period. Finally, Point72 DIFC Ltd lifted its position in shares of nLIGHT by 1,637.2% during the 3rd quarter. Point72 DIFC Ltd now owns 4,152 shares of the company’s stock valued at $44,000 after acquiring an additional 3,913 shares during the period. Institutional investors and hedge funds own 83.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

nLIGHT Trading Up 3.3 %

NASDAQ LASR opened at $10.49 on Wednesday. The stock has a market cap of $508.02 million, a P/E ratio of -10.18 and a beta of 2.20. The company’s fifty day simple moving average is $11.14 and its 200-day simple moving average is $11.24. nLIGHT, Inc. has a 52 week low of $9.64 and a 52 week high of $14.75.

Insiders Place Their Bets

In other nLIGHT news, CEO Scott H. Keeney sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $11.20, for a total transaction of $168,000.00. Following the completion of the sale, the chief executive officer now owns 1,347,781 shares in the company, valued at $15,095,147.20. This trade represents a 1.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph John Corso sold 2,500 shares of the company’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 value of $27,300.00. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders have sold 91,019 shares of company stock worth $1,027,215 in the last quarter. 6.10% of the stock is owned by corporate insiders.

nLIGHT Company 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.