Squarepoint Ops LLC Has $577,000 Holdings in nLIGHT, Inc. (NASDAQ:LASR)

Squarepoint Ops LLC boosted its holdings in nLIGHT, Inc. (NASDAQ:LASR) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,823 shares of the company’s stock after purchasing an additional 3,332 shares during the quarter. Squarepoint Ops LLC owned 0.11% of nLIGHT worth $577,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LASR. Vanguard Group Inc. increased its holdings in shares of nLIGHT by 0.5% during the first quarter. Vanguard Group Inc. now owns 5,065,737 shares of the company’s stock worth $65,855,000 after purchasing an additional 23,697 shares during the period. Pinnacle Associates Ltd. raised its holdings in nLIGHT by 18.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 2,020,769 shares of the company’s stock valued at $22,087,000 after acquiring an additional 309,634 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of nLIGHT by 0.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,656,803 shares of the company’s stock valued at $21,538,000 after acquiring an additional 12,014 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of nLIGHT by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,147,845 shares of the company’s stock worth $12,547,000 after purchasing an additional 47,267 shares in the last quarter. Finally, Herald Investment Management Ltd raised its stake in nLIGHT by 4.0% in the second quarter. Herald Investment Management Ltd now owns 260,000 shares of the company’s stock valued at $2,842,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 83.88% of the company’s stock.

Insider Transactions at nLIGHT

In related news, CFO Joseph John Corso sold 4,461 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total transaction of $51,033.84. Following the sale, the chief financial officer now owns 171,434 shares of the company’s stock, valued at $1,961,204.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LASR shares. Benchmark reaffirmed a “speculative buy” rating and set a $17.00 price objective on shares of nLIGHT in a research report on Friday, August 2nd. Cantor Fitzgerald began coverage on shares of nLIGHT in a research report on Thursday, October 3rd. They set an “overweight” rating and a $15.50 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of nLIGHT in a research note on Monday, August 5th.

nLIGHT Trading Up 0.7 %

Shares of NASDAQ LASR opened at $11.14 on Wednesday. The company has a market cap of $529.87 million, a price-to-earnings ratio of -10.92 and a beta of 2.35. nLIGHT, Inc. has a 12 month low of $8.13 and a 12 month high of $15.00. The stock has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $11.74.

nLIGHT (NASDAQ:LASR) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.03. The company had revenue of $50.51 million for the quarter, compared to analyst estimates of $49.23 million. nLIGHT had a negative net margin of 25.62% and a negative return on equity of 19.58%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) EPS. On average, sell-side analysts predict that nLIGHT, Inc. will post -0.96 earnings per share for the current year.

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.