43,668 Shares in nLight $LASR Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of nLight (NASDAQ:LASR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,668 shares of the company’s stock, valued at approximately $859,000. Dynamic Technology Lab Private Ltd owned about 0.09% of nLight as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LASR. GAMMA Investing LLC lifted its holdings in shares of nLight by 147.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock valued at $31,000 after purchasing an additional 924 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in nLight by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,593 shares of the company’s stock worth $214,000 after buying an additional 1,170 shares during the last quarter. Nisa Investment Advisors LLC increased its position in nLight by 162.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company’s stock valued at $54,000 after buying an additional 1,700 shares in the last quarter. Creative Planning raised its stake in nLight by 6.9% in the second quarter. Creative Planning now owns 59,166 shares of the company’s stock valued at $1,164,000 after buying an additional 3,814 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in nLight by 15.8% in the second quarter. Intech Investment Management LLC now owns 29,053 shares of the company’s stock worth $572,000 after acquiring an additional 3,957 shares in the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Raymond A. Link sold 12,560 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $35.33, for a total transaction of $443,744.80. Following the sale, the director directly owned 102,576 shares of the company’s stock, valued at approximately $3,624,010.08. This represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Scott H. Keeney sold 62,507 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $30.99, for a total transaction of $1,937,091.93. Following the sale, the chief executive officer owned 2,319,038 shares in the company, valued at approximately $71,866,987.62. This represents a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 253,780 shares of company stock worth $7,527,406. Corporate insiders own 4.70% of the company’s stock.

nLight Stock Performance

Shares of LASR stock opened at $30.33 on Friday. The stock has a market cap of $1.54 billion, a PE ratio of -34.47 and a beta of 2.48. The business has a 50-day simple moving average of $30.97 and a 200-day simple moving average of $23.95. The company has a quick ratio of 4.36, a current ratio of 5.63 and a debt-to-equity ratio of 0.09. nLight has a 52-week low of $6.20 and a 52-week high of $38.62.

Analyst Upgrades and Downgrades

LASR has been the topic of several recent analyst reports. Zacks Research upgraded shares of nLight from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Cantor Fitzgerald boosted their target price on shares of nLight from $33.50 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Stifel Nicolaus upped their price target on shares of nLight from $26.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Needham & Company LLC raised their price target on shares of nLight from $32.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of nLight in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $32.67.

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.