M&T Bank Corp cut its stake in nLIGHT, Inc. (NASDAQ:LASR – Get Rating) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,087 shares of the company’s stock after selling 2,152 shares during the quarter. M&T Bank Corp’s holdings in nLIGHT were worth $87,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in LASR. IFP Advisors Inc increased its position in shares of nLIGHT by 1,588.0% during the fourth quarter. IFP Advisors Inc now owns 844 shares of the company’s stock worth $34,000 after acquiring an additional 794 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of nLIGHT by 181.7% during the third quarter. Tower Research Capital LLC TRC now owns 7,952 shares of the company’s stock worth $76,000 after acquiring an additional 5,129 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of nLIGHT by 233.4% during the second quarter. BNP Paribas Arbitrage SA now owns 12,711 shares of the company’s stock worth $130,000 after acquiring an additional 8,899 shares during the last quarter. Quantbot Technologies LP increased its position in shares of nLIGHT by 54.9% during the third quarter. Quantbot Technologies LP now owns 13,074 shares of the company’s stock worth $123,000 after acquiring an additional 4,636 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of nLIGHT during the fourth quarter worth about $156,000. 86.85% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on LASR shares. CL King started coverage on nLIGHT in a research report on Thursday, June 1st. They set a “neutral” rating on the stock. Craig Hallum lifted their price target on nLIGHT from $10.00 to $11.00 in a research note on Friday, May 5th. Finally, Needham & Company LLC decreased their price target on nLIGHT from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, February 24th.
nLIGHT Stock Performance
nLIGHT (NASDAQ:LASR – Get Rating) last issued its earnings results on Thursday, May 4th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.14. nLIGHT had a negative return on equity of 17.20% and a negative net margin of 23.17%. The company had revenue of $54.09 million during the quarter, compared to the consensus estimate of $53.41 million. On average, research analysts forecast that nLIGHT, Inc. will post -0.81 EPS for the current year.
nLIGHT Company Profile
nLIGHT, Inc develops and manufactures semiconductor and fiber lasers components. Its products include semiconductor lasers, fiber lasers and optical fibers. It operates through the following segments: Laser Products and Advanced Development. The Laser Products segment includes products such as fiber lasers, diodes, complete laser systems and components.
See Also
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