11,493 Shares in nLIGHT, Inc. (NASDAQ:LASR) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in shares of nLIGHT, Inc. (NASDAQ:LASR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,493 shares of the company’s stock, valued at approximately $123,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of nLIGHT by 63.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,661 shares of the company’s stock worth $1,119,000 after purchasing an additional 40,564 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of nLIGHT by 227.4% in the third quarter. Quest Partners LLC now owns 71,979 shares of the company’s stock valued at $769,000 after purchasing an additional 49,995 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of nLIGHT by 9.1% in the third quarter. Royce & Associates LP now owns 2,733,476 shares of the company’s stock valued at $29,221,000 after purchasing an additional 227,580 shares in the last quarter. MQS Management LLC lifted its holdings in shares of nLIGHT by 96.7% in the third quarter. MQS Management LLC now owns 35,489 shares of the company’s stock valued at $379,000 after purchasing an additional 17,451 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of nLIGHT by 6.6% in the third quarter. Victory Capital Management Inc. now owns 97,500 shares of the company’s stock valued at $1,042,000 after purchasing an additional 6,000 shares in the last quarter. 83.88% of the stock is owned by institutional investors and hedge funds.

nLIGHT Trading Up 3.3 %

Shares of nLIGHT stock opened at $11.01 on Friday. The business’s fifty day simple moving average is $11.29 and its 200 day simple moving average is $11.49. The firm has a market capitalization of $533.21 million, a P/E ratio of -10.69 and a beta of 2.20. nLIGHT, Inc. has a 12 month low of $9.80 and a 12 month high of $15.00.

Insider Buying and Selling

In related news, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $13.73, for a total transaction of $205,950.00. Following the sale, the chief executive officer now directly owns 1,347,781 shares in the company, valued at approximately $18,505,033.13. This trade represents a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Joseph John Corso sold 2,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $10.92, for a total value of $27,300.00. Following the completion of the sale, the chief financial officer now directly owns 155,129 shares of the company’s stock, valued at $1,694,008.68. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,006 shares of company stock worth $739,716. 6.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LASR. Cantor Fitzgerald began coverage on nLIGHT in a report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price on the stock. Needham & Company LLC raised their target price on nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th.

nLIGHT Company Profile

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.