Fisher Asset Management LLC Makes New $1.34 Million Investment in nLIGHT, Inc. (NASDAQ:LASR)

Fisher Asset Management LLC bought a new position in shares of nLIGHT, Inc. (NASDAQ:LASR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 125,577 shares of the company’s stock, valued at approximately $1,342,000. Fisher Asset Management LLC owned approximately 0.26% of nLIGHT at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LASR. Divisar Capital Management LLC increased its stake in shares of nLIGHT by 9.4% in the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock valued at $16,897,000 after buying an additional 133,023 shares during the period. Vanguard Group Inc. increased its position in nLIGHT by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,065,737 shares of the company’s stock worth $65,855,000 after purchasing an additional 23,697 shares during the period. Natixis Advisors LLC increased its position in nLIGHT by 19.2% in the second quarter. Natixis Advisors LLC now owns 93,043 shares of the company’s stock worth $1,017,000 after purchasing an additional 14,983 shares during the period. International Assets Investment Management LLC raised its holdings in nLIGHT by 969.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,690 shares of the company’s stock worth $114,000 after purchasing an additional 9,690 shares during the last quarter. Finally, Creative Planning acquired a new position in nLIGHT during the 3rd quarter valued at about $136,000. 83.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LASR shares. Cantor Fitzgerald assumed coverage on shares of nLIGHT in a research note on Thursday, October 3rd. They set an “overweight” rating and a $15.50 price target for the company. Benchmark reissued a “speculative buy” rating and issued a $17.00 price target on shares of nLIGHT in a research note on Friday, August 2nd. Finally, Needham & Company LLC upped their price objective on nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th.

Insider Activity

In other news, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $11.20, for a total transaction of $168,000.00. Following the transaction, the chief executive officer now owns 1,347,781 shares in the company, valued at $15,095,147.20. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joseph John Corso sold 4,461 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total value of $51,033.84. Following the sale, the chief financial officer now directly owns 171,434 shares of the company’s stock, valued at approximately $1,961,204.96. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,461 shares of company stock valued at $746,884 in the last quarter. Company insiders own 6.10% of the company’s stock.

nLIGHT Stock Performance

Shares of NASDAQ LASR opened at $10.86 on Friday. The firm has a 50 day moving average price of $11.25 and a 200 day moving average price of $11.59. The stock has a market cap of $525.95 million, a P/E ratio of -10.42 and a beta of 2.33. nLIGHT, Inc. has a 52-week low of $9.80 and a 52-week high of $15.00.

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.