Stephens Investment Management Group LLC Sells 188,920 Shares of nLight $LASR

Stephens Investment Management Group LLC decreased its holdings in nLight (NASDAQ:LASR) by 18.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 845,456 shares of the company’s stock after selling 188,920 shares during the quarter. Stephens Investment Management Group LLC’s holdings in nLight were worth $25,051,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AIGH Capital Management LLC purchased a new stake in shares of nLight during the second quarter valued at about $11,810,000. Coldstream Capital Management Inc. raised its stake in shares of nLight by 48,328.6% during the 2nd quarter. Coldstream Capital Management Inc. now owns 13,560 shares of the company’s stock worth $267,000 after acquiring an additional 13,532 shares in the last quarter. Harvey Partners LLC raised its stake in shares of nLight by 1.7% during the 2nd quarter. Harvey Partners LLC now owns 2,107,348 shares of the company’s stock worth $41,473,000 after acquiring an additional 34,348 shares in the last quarter. Bosun Asset Management LLC purchased a new stake in nLight during the second quarter valued at approximately $599,000. Finally, Geode Capital Management LLC boosted its stake in nLight by 6.0% in the second quarter. Geode Capital Management LLC now owns 1,215,479 shares of the company’s stock valued at $23,925,000 after acquiring an additional 68,436 shares in the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LASR. Zacks Research downgraded nLight from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Wall Street Zen raised nLight from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of nLight in a research note on Wednesday, October 8th. Roth Capital initiated coverage on nLight in a research note on Wednesday, December 17th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Cantor Fitzgerald upped their price objective on shares of nLight from $33.50 to $40.00 and gave the company an “overweight” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, nLight presently has a consensus rating of “Moderate Buy” and an average price target of $36.29.

Insider Transactions at nLight

In other news, Director Raymond A. Link sold 12,560 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $35.33, for a total value of $443,744.80. Following the sale, the director directly owned 102,576 shares of the company’s stock, valued at $3,624,010.08. This represents a 10.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James Nias sold 1,200 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $30.00, for a total transaction of $36,000.00. Following the completion of the sale, the chief accounting officer owned 99,512 shares in the company, valued at $2,985,360. The trade was a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 141,262 shares of company stock worth $5,101,910 in the last ninety days. Corporate insiders own 4.70% of the company’s stock.

nLight Stock Up 0.3%

nLight stock opened at $43.94 on Friday. The business’s 50-day simple moving average is $36.37 and its two-hundred day simple moving average is $30.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63. The company has a market cap of $2.23 billion, a PE ratio of -49.93 and a beta of 2.33. nLight has a fifty-two week low of $6.20 and a fifty-two week high of $46.64.

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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.