Nlight Inc (NASDAQ:LASR) Stake Lessened by SG Americas Securities LLC

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SG Americas Securities LLC cut its stake in Nlight Inc (NASDAQ:LASR) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,891 shares of the company’s stock after selling 785 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Nlight worth $843,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LASR. Sheets Smith Wealth Management lifted its stake in Nlight by 5.4% during the first quarter. Sheets Smith Wealth Management now owns 15,264 shares of the company’s stock valued at $160,000 after purchasing an additional 783 shares during the last quarter. Swiss National Bank lifted its stake in Nlight by 1.5% during the first quarter. Swiss National Bank now owns 54,900 shares of the company’s stock valued at $576,000 after purchasing an additional 800 shares during the last quarter. UBS Group AG lifted its stake in Nlight by 33.8% during the fourth quarter. UBS Group AG now owns 4,717 shares of the company’s stock valued at $95,000 after purchasing an additional 1,192 shares during the last quarter. M&T Bank Corp lifted its stake in Nlight by 15.3% during the first quarter. M&T Bank Corp now owns 17,612 shares of the company’s stock valued at $186,000 after purchasing an additional 2,339 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in Nlight by 7.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 35,052 shares of the company’s stock valued at $711,000 after purchasing an additional 2,561 shares during the last quarter. Institutional investors and hedge funds own 79.87% of the company’s stock.

In other Nlight news, CEO Scott H. Keeney sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $22.88, for a total value of $114,400.00. Following the completion of the sale, the chief executive officer now owns 366,736 shares in the company, valued at approximately $8,390,919.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Robert Martinsen sold 1,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $21.65, for a total transaction of $32,475.00. Following the completion of the sale, the chief technology officer now owns 37,469 shares of the company’s stock, valued at approximately $811,203.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,499 shares of company stock valued at $1,041,797. Insiders own 5.50% of the company’s stock.

Shares of NASDAQ:LASR opened at $23.17 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.81 and a current ratio of 6.39. The company has a market cap of $891.81 million, a PE ratio of -45.43 and a beta of 2.78. Nlight Inc has a 52 week low of $9.03 and a 52 week high of $26.48. The firm has a 50 day simple moving average of $22.48 and a 200 day simple moving average of $18.63.

Nlight (NASDAQ:LASR) last released its earnings results on Wednesday, May 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. Nlight had a negative net margin of 10.74% and a negative return on equity of 6.30%. The company had revenue of $43.22 billion during the quarter, compared to the consensus estimate of $39.46 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s revenue was up 103134.5% compared to the same quarter last year. On average, equities analysts predict that Nlight Inc will post -0.58 earnings per share for the current year.

Several research firms recently commented on LASR. Canaccord Genuity cut their target price on shares of Nlight from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Zacks Investment Research lowered shares of Nlight from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Needham & Company LLC initiated coverage on shares of Nlight in a research note on Wednesday, May 20th. They set a “buy” rating and a $24.00 target price for the company. BidaskClub upgraded shares of Nlight from a “hold” rating to a “buy” rating in a research report on Thursday, May 14th. Finally, Raymond James upped their price target on shares of Nlight from $19.00 to $22.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $23.00.

About Nlight

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It also produces optical fiber products. The company markets and sells its products to original equipment manufacturers primarily through direct sales force in the United States, China, South Korea, 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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