Divisar Capital Management LLC lowered its holdings in nLight (NASDAQ:LASR – Free Report) by 48.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 575,443 shares of the company’s stock after selling 548,133 shares during the quarter. nLight accounts for about 4.6% of Divisar Capital Management LLC’s holdings, making the stock its 12th biggest position. Divisar Capital Management LLC owned about 1.13% of nLight worth $17,050,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in nLight by 18.2% during the third quarter. Vanguard Group Inc. now owns 4,864,312 shares of the company’s stock worth $144,130,000 after buying an additional 747,958 shares in the last quarter. Harvey Partners LLC lifted its position 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 valued at $41,473,000 after acquiring an additional 34,348 shares during the period. AWM Investment Company Inc. boosted its stake in shares of nLight by 1.9% during the 2nd quarter. AWM Investment Company Inc. now owns 1,344,917 shares of the company’s stock worth $26,468,000 after acquiring an additional 25,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of nLight by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,215,479 shares of the company’s stock worth $23,925,000 after acquiring an additional 68,436 shares during the period. Finally, Invesco Ltd. increased its stake in nLight by 377.2% in the 3rd quarter. Invesco Ltd. now owns 1,057,281 shares of the company’s stock valued at $31,327,000 after purchasing an additional 835,720 shares in the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.
nLight Stock Down 0.3%
LASR stock opened at $62.60 on Monday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of -133.19 and a beta of 2.27. nLight has a 52-week low of $6.20 and a 52-week high of $69.52. The stock’s fifty day simple moving average is $51.32 and its 200-day simple moving average is $39.15.
Insider Activity at nLight
In other nLight news, CAO James Nias sold 3,249 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $61.96, for a total transaction of $201,308.04. Following the completion of the sale, the chief accounting officer owned 95,707 shares of the company’s stock, valued at approximately $5,930,005.72. The trade was a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph John Corso sold 13,038 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $61.96, for a total value of $807,834.48. Following the sale, the chief financial officer owned 183,186 shares of the company’s stock, valued at $11,350,204.56. This represents a 6.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 162,528 shares of company stock worth $9,223,597. Company insiders own 6.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Cantor Fitzgerald raised their price target on nLight from $40.00 to $62.50 and gave the company an “overweight” rating in a research report on Friday, February 27th. Robert W. Baird began coverage on shares of nLight in a report on Wednesday, March 4th. They set an “outperform” rating and a $95.00 target price for the company. Wall Street Zen downgraded shares of nLight from a “buy” rating to a “hold” rating in a report on Sunday. Raymond James Financial restated a “strong-buy” rating and set a $75.00 price objective on shares of nLight in a research report on Friday, February 27th. Finally, Zacks Research downgraded nLight from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.31.
View Our Latest Stock Analysis on LASR
Trending Headlines about nLight
Here are the key news stories impacting nLight this week:
- Positive Sentiment: Recent analyst coverage is bullish — Robert W. Baird started coverage with an Outperform and $95 price target, Raymond James reiterated a strong‑buy with a $75 target, and Cantor Fitzgerald raised its target to $62.50. These upgrades support upside expectations from research desks. nLIGHT, Inc. (LASR)’s Strong Tech Stack Catches Analyst Attention
- Positive Sentiment: Recent quarterly results showed an EPS beat and strong revenue growth (revenue up ~71% Y/Y, EPS above estimates), which underpins the company’s operational momentum and supports the bullish analyst outlook. MarketBeat LASR coverage
- Neutral Sentiment: Media attention and inclusion on ‘best day trading’ lists can increase short‑term volume and volatility but are not fundamental drivers of long‑term value. 11 best day trading stocks to buy now
- Neutral Sentiment: Institutional ownership is high (~84%), which can dampen share supply but also concentrate price moves when institutions rebalance. MarketBeat institutional holdings
- Negative Sentiment: Significant insider selling this week: CEO Scott Keeney sold 19,096 shares (~$1.12M), Director Raymond Link sold multiple blocks (10,000; 8,760; 6,644 shares) and CAO James Nias sold 1,808 shares — these disclosed Form 4s likely pressured the stock by prompting profit‑taking or investor concern about insider timing. CEO Form 4 (SEC)
- Negative Sentiment: Market commentary specifically points to insider sales as a reason for the intraday weakness in LASR, reinforcing the negative impact of those transactions on sentiment. Why nLIGHT (LASR) Stock Is Down Today
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.
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