Swiss National Bank Grows Stock Position in nLIGHT, Inc. (NASDAQ:LASR)

Swiss National Bank grew its holdings in nLIGHT, Inc. (NASDAQ:LASR) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,000 shares of the company’s stock after purchasing an additional 1,700 shares during the period. Swiss National Bank owned approximately 0.19% of nLIGHT worth $944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Needham Investment Management LLC increased its position in shares of nLIGHT by 7.1% during the third quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company’s stock valued at $24,990,000 after buying an additional 155,000 shares during the period. Harvey Partners LLC lifted its position in nLIGHT by 56.5% in the 3rd quarter. Harvey Partners LLC now owns 1,735,000 shares of the company’s stock worth $18,547,000 after buying an additional 626,500 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of nLIGHT by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,103,920 shares of the company’s stock worth $11,804,000 after acquiring an additional 9,673 shares during the last quarter. State Street Corp lifted its stake in nLIGHT by 1.1% in the third quarter. State Street Corp now owns 1,021,736 shares of the company’s stock worth $10,922,000 after purchasing an additional 11,132 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings in nLIGHT by 20.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company’s stock valued at $9,932,000 after acquiring an additional 162,903 shares during the period. Institutional investors own 83.88% of the company’s stock.

nLIGHT Trading Down 3.9 %

LASR opened at $7.95 on Friday. The company’s 50 day moving average is $9.94 and its 200 day moving average is $10.64. The company has a market cap of $389.80 million, a price-to-earnings ratio of -7.72 and a beta of 2.29. nLIGHT, Inc. has a 12-month low of $7.84 and a 12-month high of $14.73.

nLIGHT (NASDAQ:LASR) last released its earnings results on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $47.38 million for the quarter, compared to the consensus estimate of $46.62 million. As a group, analysts predict that nLIGHT, Inc. will post -1.1 EPS for the current fiscal year.

Insider Transactions at nLIGHT

In other news, CEO Scott H. Keeney sold 53,511 shares of nLIGHT 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 sale, the chief executive officer now directly owns 1,267,927 shares of the company’s stock, valued at approximately $10,358,963.59. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

LASR has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC cut their price objective 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.

nLIGHT 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.