Rhumbline Advisers Has $542,000 Position in nLight $LASR

Rhumbline Advisers lowered its position in shares of nLight (NASDAQ:LASR) by 2.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,717 shares of the company’s stock after selling 1,428 shares during the quarter. Rhumbline Advisers owned 0.14% of nLight worth $542,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of nLight by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,423 shares of the company’s stock valued at $277,000 after buying an additional 1,140 shares during the period. GAMMA Investing LLC boosted its holdings in shares of nLight by 6,563.0% in the first quarter. GAMMA Investing LLC now owns 4,864 shares of the company’s stock valued at $38,000 after buying an additional 4,791 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of nLight by 7.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,990 shares of the company’s stock valued at $871,000 after buying an additional 5,958 shares during the period. ProShare Advisors LLC boosted its holdings in shares of nLight by 46.9% in the fourth quarter. ProShare Advisors LLC now owns 19,112 shares of the company’s stock valued at $200,000 after buying an additional 6,098 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of nLight by 3.4% in the first quarter. Algert Global LLC now owns 221,430 shares of the company’s stock valued at $1,721,000 after buying an additional 7,180 shares during the period. Institutional investors and hedge funds own 83.88% of the company’s stock.

Insider Transactions at nLight

In related news, CFO Joseph John Corso sold 38,284 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the transaction, the chief financial officer directly owned 273,118 shares of the company’s stock, valued at $7,726,508.22. This trade represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott H. Keeney sold 62,507 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $30.99, for a total transaction of $1,937,091.93. Following the transaction, the chief executive officer directly owned 2,319,038 shares in the company, valued at $71,866,987.62. The trade was a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,662 shares of company stock worth $11,308,311 over the last three months. 6.10% of the stock is owned by insiders.

nLight Stock Down 2.8%

Shares of NASDAQ LASR opened at $30.67 on Wednesday. The firm has a market cap of $1.53 billion, a PE ratio of -32.28 and a beta of 2.44. nLight has a 12-month low of $6.20 and a 12-month high of $32.24. The company’s fifty day simple moving average is $25.63 and its 200 day simple moving average is $17.04. The company has a quick ratio of 4.41, a current ratio of 5.63 and a debt-to-equity ratio of 0.09.

nLight (NASDAQ:LASR) last released its quarterly earnings data 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. nLight had a negative net margin of 21.66% and a negative return on equity of 19.12%. The firm had revenue of $61.74 million for the quarter, compared to analyst estimates of $55.24 million. During the same period last year, the firm earned ($0.10) earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. nLight has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that nLight will post -1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on LASR. Stifel Nicolaus upped their price target on shares of nLight from $12.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 8th. Cantor Fitzgerald upped their price target on shares of nLight from $27.50 to $33.50 and gave the company an “overweight” rating in a report on Monday, September 15th. Needham & Company LLC increased their target price on shares of nLight from $18.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Craig Hallum reiterated a “buy” rating and issued a $24.00 price target (up from $14.00) on shares of nLight in a research note on Thursday, June 26th. Finally, Wall Street Zen raised shares of nLight from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $27.42.

About nLight

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.