Nlight Inc (NASDAQ:LASR) Shares Bought by Neuberger Berman Group LLC

Neuberger Berman Group LLC lifted its stake in Nlight Inc (NASDAQ:LASR) by 15.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,514,518 shares of the company’s stock after buying an additional 199,275 shares during the quarter. Neuberger Berman Group LLC’s holdings in Nlight were worth $33,743,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LASR. JPMorgan Chase & Co. lifted its position in shares of Nlight by 1,201.0% in the 1st quarter. JPMorgan Chase & Co. now owns 2,026,168 shares of the company’s stock worth $45,143,000 after purchasing an additional 1,870,434 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Nlight by 241.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,221,586 shares of the company’s stock worth $21,720,000 after purchasing an additional 863,440 shares during the period. BlackRock Inc. lifted its position in shares of Nlight by 188.7% in the 4th quarter. BlackRock Inc. now owns 1,161,739 shares of the company’s stock worth $20,656,000 after purchasing an additional 759,305 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Nlight in the 4th quarter worth about $11,393,000. Finally, Royce & Associates LP lifted its position in shares of Nlight by 65.0% in the 4th quarter. Royce & Associates LP now owns 1,432,621 shares of the company’s stock worth $25,472,000 after purchasing an additional 564,496 shares during the period. 78.25% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Scott H. Keeney sold 4,500 shares of Nlight stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $23.76, for a total value of $106,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sixth Mdv Partners, L.L.C. sold 200,000 shares of Nlight stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $22.95, for a total transaction of $4,590,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 229,370 shares of company stock valued at $5,303,017.

Several equities research analysts have recently commented on LASR shares. Zacks Investment Research raised shares of Nlight from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 target price (down from $27.00) on shares of Nlight in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Nlight presently has a consensus rating of “Hold” and an average target price of $27.67.

Shares of NASDAQ LASR opened at $18.60 on Friday. Nlight Inc has a 1 year low of $16.25 and a 1 year high of $43.63. The stock has a market cap of $688.39 million, a P/E ratio of 58.13, a price-to-earnings-growth ratio of 4.46 and a beta of 2.22.

Nlight (NASDAQ:LASR) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $41.86 million during the quarter, compared to analyst estimates of $42.47 million. Nlight had a net margin of 5.13% and a return on equity of 4.77%. Nlight’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. As a group, equities analysts anticipate that Nlight Inc will post 0.14 earnings per share for the current year.

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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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