nLIGHT, Inc. (NASDAQ:LASR) Position Raised by First Washington CORP

First Washington CORP lifted its holdings in shares of nLIGHT, Inc. (NASDAQ:LASR) by 21.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 397,391 shares of the company’s stock after buying an additional 71,414 shares during the period. nLIGHT makes up about 1.5% of First Washington CORP’s investment portfolio, making the stock its 26th largest holding. First Washington CORP owned about 0.82% of nLIGHT worth $4,169,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its holdings in nLIGHT by 5.3% in the fourth quarter. Royce & Associates LP now owns 2,877,759 shares of the company’s stock worth $30,188,000 after purchasing an additional 144,283 shares during the period. Senvest Management LLC lifted its stake in shares of nLIGHT by 114.1% in the 4th quarter. Senvest Management LLC now owns 2,481,677 shares of the company’s stock worth $26,033,000 after acquiring an additional 1,322,637 shares during the period. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 9,673 shares in the last quarter. State Street Corp increased its stake in shares of nLIGHT by 1.1% during the third quarter. State Street Corp now owns 1,021,736 shares of the company’s stock valued at $10,922,000 after acquiring an additional 11,132 shares during the period. Finally, Stephens Investment Management Group LLC raised its holdings in nLIGHT by 20.8% during the fourth quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company’s stock worth $9,932,000 after purchasing an additional 162,903 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

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 transaction of $437,184.87. Following the completion of the sale, the chief executive officer now directly owns 1,267,927 shares in the company, valued at $10,358,963.59. The trade was a 4.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LASR has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC cut their price target on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, January 21st.

nLIGHT Stock Up 1.1 %

Shares of NASDAQ LASR opened at $7.20 on Friday. The business has a fifty day simple moving average of $8.58 and a 200-day simple moving average of $10.24. The company has a market cap of $353.02 million, a price-to-earnings ratio of -6.99 and a beta of 2.24. nLIGHT, Inc. has a 12 month low of $6.20 and a 12 month high of $14.73.

nLIGHT (NASDAQ:LASR) last announced its earnings results 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). The firm had revenue of $47.38 million for the quarter, compared to analyst estimates of $46.62 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. As a group, sell-side analysts expect that nLIGHT, Inc. will post -1.1 EPS for the current fiscal year.

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.