Charles Schwab Investment Management Inc. Acquires 2,900 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Charles Schwab Investment Management Inc. raised its stake in nLIGHT, Inc. (NASDAQ:LASR) by 0.8% in the fourth quarter, Holdings Channel reports. The fund owned 388,684 shares of the company’s stock after purchasing an additional 2,900 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in nLIGHT were worth $4,077,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in nLIGHT in the fourth quarter valued at approximately $237,000. Rice Hall James & Associates LLC lifted its stake in shares of nLIGHT by 21.5% in the 4th quarter. Rice Hall James & Associates LLC now owns 263,055 shares of the company’s stock valued at $2,759,000 after acquiring an additional 46,596 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of 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 in the last quarter. R Squared Ltd acquired a new position in nLIGHT in the 4th quarter worth about $33,000. Finally, SG Americas Securities LLC raised its position in nLIGHT by 19.4% in the fourth quarter. SG Americas Securities LLC now owns 20,022 shares of the company’s stock valued at $210,000 after purchasing an additional 3,250 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors and hedge funds.

nLIGHT Price Performance

nLIGHT stock opened at $8.45 on Thursday. The stock’s 50 day moving average is $10.05 and its 200 day moving average is $10.67. nLIGHT, Inc. has a one year low of $7.94 and a one year high of $14.73. The firm has a market cap of $414.31 million, a P/E ratio of -8.20 and a beta of 2.29.

nLIGHT (NASDAQ:LASR) last posted its quarterly earnings data 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 net margin of 24.16% and a negative return on equity of 19.53%. The firm had revenue of $47.38 million during the quarter, compared to the consensus estimate of $46.62 million. Equities analysts anticipate that nLIGHT, Inc. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LASR has been the topic of several research reports. Stifel Nicolaus reduced their price target on 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 decreased their price target on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st.

Insiders Place Their Bets

In other news, CEO Scott H. Keeney sold 53,511 shares of nLIGHT stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.10% of the company’s stock.

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.