LPL Financial LLC Has $270,000 Stake in Nlight Inc (NASDAQ:LASR)

LPL Financial LLC increased its position in Nlight Inc (NASDAQ:LASR) by 20.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,168 shares of the company’s stock after acquiring an additional 2,624 shares during the period. LPL Financial LLC’s holdings in Nlight were worth $270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LASR. Quantamental Technologies LLC bought a new stake in Nlight during the fourth quarter valued at about $34,000. Oppenheimer Asset Management Inc. bought a new stake in Nlight during the fourth quarter valued at about $38,000. D.A. Davidson & CO. bought a new stake in Nlight during the third quarter valued at about $288,000. JPMorgan Chase & Co. grew its holdings in Nlight by 214.8% during the third quarter. JPMorgan Chase & Co. now owns 14,527 shares of the company’s stock valued at $322,000 after purchasing an additional 9,913 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Nlight by 65.4% during the third quarter. Alliancebernstein L.P. now owns 17,200 shares of the company’s stock valued at $382,000 after purchasing an additional 6,800 shares during the period. 75.76% of the stock is owned by institutional investors.

Shares of Nlight stock traded up $0.17 during trading hours on Wednesday, hitting $25.23. The company’s stock had a trading volume of 338,899 shares, compared to its average volume of 438,738. Nlight Inc has a 12-month low of $16.25 and a 12-month high of $43.63. The company has a market capitalization of $920.93 million and a price-to-earnings ratio of 78.84.

Nlight (NASDAQ:LASR) last announced its quarterly earnings data on Wednesday, February 20th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The business had revenue of $46.16 million for the quarter, compared to the consensus estimate of $46.64 million. Nlight had a return on equity of 8.37% and a net margin of 7.28%. The business’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. Analysts forecast that Nlight Inc will post 0.21 earnings per share for the current year.

Several research firms have issued reports on LASR. Zacks Investment Research raised Nlight from a “sell” rating to a “hold” rating in a report on Wednesday. Craig Hallum began coverage on Nlight in a research report on Friday, February 8th. They issued a “hold” rating and a $20.00 price objective on the stock. Finally, Northcoast Research restated a “hold” rating on shares of Nlight in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.50.

In related news, insider Scott H. Keeney sold 4,500 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $23.76, for a total value of $106,920.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ran Bareket sold 5,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $24.44, for a total value of $122,200.00. The disclosure for this sale can be found here. Insiders sold 255,809 shares of company stock worth $5,778,715 over the last quarter.

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Nlight Company Profile

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in Asia and Europe.

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Institutional Ownership by Quarter for Nlight (NASDAQ:LASR)

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