AlphaQuest LLC Sells 18,902 Shares of nLight $LASR

AlphaQuest LLC lessened its holdings in nLight (NASDAQ:LASR) by 61.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,919 shares of the company’s stock after selling 18,902 shares during the period. AlphaQuest LLC’s holdings in nLight were worth $235,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of nLight by 147.6% in the second quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock valued at $31,000 after purchasing an additional 924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in nLight by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,593 shares of the company’s stock valued at $214,000 after buying an additional 1,170 shares during the last quarter. CWM LLC grew its stake in nLight by 191.6% in the 2nd quarter. CWM LLC now owns 8,475 shares of the company’s stock valued at $167,000 after buying an additional 5,569 shares during the last quarter. Algert Global LLC raised its holdings in nLight by 3.4% in the 1st quarter. Algert Global LLC now owns 221,430 shares of the company’s stock worth $1,721,000 after acquiring an additional 7,180 shares during the period. Finally, Invesco Ltd. raised its holdings in nLight by 14.6% in the 1st quarter. Invesco Ltd. now owns 59,298 shares of the company’s stock worth $461,000 after acquiring an additional 7,570 shares during the period. 83.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Joseph John Corso sold 3,588 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.73, for a total value of $106,671.24. Following the sale, the chief financial officer owned 265,418 shares of the company’s stock, valued at $7,890,877.14. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Scott H. Keeney sold 62,507 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $30.99, for a total transaction of $1,937,091.93. Following the completion of the transaction, the chief executive officer directly owned 2,319,038 shares of the company’s stock, valued at $71,866,987.62. This trade represents a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 374,980 shares of company stock worth $10,650,501. 4.70% of the stock is owned by company insiders.

nLight Stock Performance

LASR opened at $33.01 on Friday. The stock’s 50 day simple moving average is $30.23 and its 200-day simple moving average is $21.58. The company has a current ratio of 5.63, a quick ratio of 4.41 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.65 billion, a PE ratio of -34.75 and a beta of 2.48. nLight has a 1 year low of $6.20 and a 1 year high of $33.96.

nLight (NASDAQ:LASR) last issued its earnings results on Thursday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. The firm had revenue of $61.74 million during the quarter, compared to analysts’ expectations of $55.24 million. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.nLight’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business earned ($0.10) earnings per share. nLight has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that nLight will post -1.1 EPS for the current year.

Analysts Set New Price Targets

LASR has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nLight in a research report on Wednesday, October 8th. Wall Street Zen cut nLight from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Cantor Fitzgerald increased their target price on nLight from $27.50 to $33.50 and gave the company an “overweight” rating in a research note on Monday, September 15th. Benchmark lifted their price target on nLight from $15.00 to $25.00 and gave the stock a “speculative buy” rating in a research report on Friday, August 8th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of nLight in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.