Voya Investment Management LLC Sells 1,371 Shares of nLight $LASR

Voya Investment Management LLC trimmed its stake in nLight (NASDAQ:LASR) by 9.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,283 shares of the company’s stock after selling 1,371 shares during the period. Voya Investment Management LLC’s holdings in nLight were worth $103,000 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 LASR. GAMMA Investing LLC increased its holdings in nLight by 6,563.0% during the 1st quarter. GAMMA Investing LLC now owns 4,864 shares of the company’s stock worth $38,000 after purchasing an additional 4,791 shares during the period. State of Wyoming lifted its position in nLight by 110.6% during the 1st quarter. State of Wyoming now owns 14,762 shares of the company’s stock worth $115,000 after acquiring an additional 7,754 shares during the period. Russell Investments Group Ltd. lifted its position in nLight by 322.3% during the 1st quarter. Russell Investments Group Ltd. now owns 15,571 shares of the company’s stock worth $121,000 after acquiring an additional 11,884 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in nLight by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,593 shares of the company’s stock worth $214,000 after acquiring an additional 1,170 shares during the period. Finally, AlphaQuest LLC lifted its holdings in shares of nLight by 129.7% in the 1st quarter. AlphaQuest LLC now owns 30,821 shares of the company’s stock valued at $239,000 after buying an additional 17,405 shares during the period. 83.88% of the stock is owned by institutional investors.

nLight Price Performance

Shares of LASR opened at $30.39 on Thursday. nLight has a twelve month low of $6.20 and a twelve month high of $32.24. The stock’s 50 day moving average is $26.80 and its two-hundred day moving average is $17.83. The firm has a market capitalization of $1.52 billion, a PE ratio of -31.99 and a beta of 2.48. The company has a current ratio of 5.63, a quick ratio of 4.41 and a debt-to-equity ratio of 0.09.

nLight (NASDAQ:LASR) last announced 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. The company had revenue of $61.74 million for 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 firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) EPS. nLight has set its Q3 2025 guidance at EPS. Research analysts anticipate that nLight will post -1.1 earnings per share for the current year.

Analysts Set New Price Targets

LASR has been the subject of several research reports. Stifel Nicolaus boosted their price objective on nLight from $12.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Benchmark upped their price objective on nLight from $15.00 to $25.00 and gave the company a “speculative buy” rating in a report on Friday, August 8th. Needham & Company LLC upped their price target on nLight from $18.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Craig Hallum reiterated a “buy” rating and issued a $24.00 price objective (up from $14.00) on shares of nLight in a research note on Thursday, June 26th. Finally, Wall Street Zen raised nLight from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $27.42.

Insider Activity at nLight

In related news, CEO Scott H. Keeney sold 62,507 shares of the company’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 sale, the chief executive officer owned 2,319,038 shares of the company’s stock, valued at approximately $71,866,987.62. This represents a 2.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph John Corso sold 3,588 shares of the company’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 directly owned 265,418 shares in the company, valued at approximately $7,890,877.14. The trade was a 1.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 374,980 shares of company stock worth $10,650,501 in the last three months. Corporate insiders own 4.70% of the company’s stock.

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.