Charles Schwab Investment Management Inc. Has $4.08 Million Stock Position in nLIGHT, Inc. (NASDAQ:LASR)

Charles Schwab Investment Management Inc. increased its holdings in nLIGHT, Inc. (NASDAQ:LASR) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,684 shares of the company’s stock after acquiring an additional 2,900 shares during the period. Charles Schwab Investment Management Inc. owned about 0.80% of nLIGHT worth $4,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LASR. Geode Capital Management LLC raised its position in shares of nLIGHT by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,103,920 shares of the company’s stock valued at $11,804,000 after purchasing an additional 9,673 shares during the period. Barclays PLC boosted its position in nLIGHT by 317.7% in the third quarter. Barclays PLC now owns 70,599 shares of the company’s stock valued at $755,000 after buying an additional 53,699 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of nLIGHT by 20.8% in the fourth quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company’s stock valued at $9,932,000 after buying an additional 162,903 shares in the last quarter. Jane Street Group LLC raised its stake in shares of nLIGHT by 98.2% in the third quarter. Jane Street Group LLC now owns 138,646 shares of the company’s stock worth $1,482,000 after acquiring an additional 68,682 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its position in shares of nLIGHT by 21.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 263,055 shares of the company’s stock worth $2,759,000 after acquiring an additional 46,596 shares during the last quarter. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

nLIGHT Price Performance

Shares of LASR stock opened at $8.45 on Thursday. The company has a fifty day moving average price of $10.05 and a two-hundred day moving average price of $10.67. The stock has a market cap of $414.31 million, a P/E ratio of -8.20 and a beta of 2.29. nLIGHT, Inc. has a one year low of $7.94 and a one year high of $14.73.

nLIGHT (NASDAQ:LASR) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.21). nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. The company had revenue of $47.38 million for the quarter, compared to analyst estimates of $46.62 million. As a group, equities research analysts anticipate that nLIGHT, Inc. will post -1.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Scott H. Keeney sold 53,511 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the transaction, the chief executive officer now owns 1,267,927 shares of the company’s stock, valued at $10,358,963.59. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LASR shares. Needham & Company LLC reduced their price target on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their target price on nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th.

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.