Charles Schwab Investment Management Inc. Buys 8,139 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Charles Schwab Investment Management Inc. lifted its holdings in nLIGHT, Inc. (NASDAQ:LASR) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,784 shares of the company’s stock after purchasing an additional 8,139 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in nLIGHT were worth $4,124,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LASR. nVerses Capital LLC lifted its position in shares of nLIGHT by 500.0% in the third quarter. nVerses Capital LLC now owns 4,200 shares of the company’s stock worth $45,000 after purchasing an additional 3,500 shares in the last quarter. International Assets Investment Management LLC raised its position in nLIGHT by 969.0% during the third quarter. International Assets Investment Management LLC now owns 10,690 shares of the company’s stock worth $114,000 after acquiring an additional 9,690 shares in the last quarter. Intech Investment Management LLC bought a new stake in nLIGHT during the third quarter worth $123,000. Creative Planning acquired a new position in shares of nLIGHT in the third quarter valued at $136,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of nLIGHT by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company’s stock valued at $172,000 after purchasing an additional 1,886 shares during the last quarter. Institutional investors own 83.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on LASR shares. Needham & Company LLC upped their price objective on shares of nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald assumed coverage on shares of nLIGHT in a research note on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 price target on the stock.

Insider Buying and Selling

In other news, CEO Scott H. Keeney sold 15,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $11.20, for a total value of $168,000.00. Following the completion of the transaction, the chief executive officer now owns 1,347,781 shares of the company’s stock, valued at approximately $15,095,147.20. This represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $10.92, for a total transaction of $27,300.00. Following the completion of the transaction, the chief financial officer now directly owns 155,129 shares of the company’s stock, valued at $1,694,008.68. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,006 shares of company stock valued at $739,716 over the last quarter. 6.10% of the stock is owned by company insiders.

nLIGHT Stock Down 1.7 %

LASR opened at $11.01 on Friday. nLIGHT, Inc. has a twelve month low of $9.80 and a twelve month high of $15.00. The company has a 50-day simple moving average of $11.34 and a 200 day simple moving average of $11.43. The stock has a market capitalization of $533.21 million, a price-to-earnings ratio of -10.69 and a beta of 2.20.

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.