Motley Fool Wealth Management LLC Has $4.61 Million Stake in nLIGHT, Inc. (NASDAQ:LASR)

Motley Fool Wealth Management LLC trimmed its position in nLIGHT, Inc. (NASDAQ:LASRGet Rating) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,027 shares of the company’s stock after selling 2,263 shares during the quarter. Motley Fool Wealth Management LLC owned 0.60% of nLIGHT worth $4,613,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LASR. Nisa Investment Advisors LLC grew its holdings in shares of nLIGHT by 121.2% during the first quarter. Nisa Investment Advisors LLC now owns 1,460 shares of the company’s stock worth $25,000 after purchasing an additional 800 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in nLIGHT by 67.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,762 shares of the company’s stock worth $42,000 after buying an additional 708 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in nLIGHT during the first quarter worth about $174,000. BNP Paribas Arbitrage SA raised its position in shares of nLIGHT by 23.0% during the fourth quarter. BNP Paribas Arbitrage SA now owns 9,359 shares of the company’s stock worth $224,000 after purchasing an additional 1,748 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of nLIGHT during the fourth quarter worth about $229,000. 80.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price target on nLIGHT from $38.00 to $30.00 in a research report on Friday, May 6th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $29.40.

nLIGHT Stock Performance

nLIGHT stock opened at $11.69 on Thursday. nLIGHT, Inc. has a 52 week low of $9.48 and a 52 week high of $35.35. The stock has a market capitalization of $520.66 million, a P/E ratio of -15.59 and a beta of 2.34. The stock has a fifty day moving average of $11.25 and a 200-day moving average of $14.87.

nLIGHT (NASDAQ:LASRGet Rating) last issued its earnings results on Thursday, May 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. nLIGHT had a negative return on equity of 9.81% and a negative net margin of 11.76%. The business had revenue of $64.46 million during the quarter, compared to analysts’ expectations of $63.77 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts forecast that nLIGHT, Inc. will post -0.65 earnings per share for the current year.

nLIGHT Profile

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nLIGHT, Inc designs, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments, Laser Products and Advanced Development. The company also provides fiber amplifiers, and beam combination and control systems for use in high-energy laser systems in directed energy applications.

Further Reading

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Institutional Ownership by Quarter for nLIGHT (NASDAQ:LASR)

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