UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 7,759 Shares of nLIGHT, Inc. (NASDAQ:LASR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 9.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,032 shares of the company’s stock after selling 7,759 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in nLIGHT were worth $823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Royce & Associates LP boosted its holdings in nLIGHT by 9.1% during the third quarter. Royce & Associates LP now owns 2,733,476 shares of the company’s stock valued at $29,221,000 after acquiring an additional 227,580 shares during the period. Pinnacle Associates Ltd. lifted its position in shares of nLIGHT by 18.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 2,020,769 shares of the company’s stock worth $22,087,000 after purchasing an additional 309,634 shares during the last quarter. Divisar Capital Management LLC boosted its stake in nLIGHT by 9.4% during the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock valued at $16,897,000 after purchasing an additional 133,023 shares during the period. Dimensional Fund Advisors LP grew its holdings in nLIGHT by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,147,845 shares of the company’s stock valued at $12,547,000 after buying an additional 47,267 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in nLIGHT by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,784 shares of the company’s stock worth $4,124,000 after buying an additional 8,139 shares during the period. 83.88% of the stock is currently owned by institutional investors and hedge funds.

nLIGHT Trading Down 2.3 %

Shares of NASDAQ:LASR opened at $9.88 on Friday. The business’s 50 day moving average is $11.30 and its 200-day moving average is $11.36. The firm has a market capitalization of $478.48 million, a PE ratio of -9.59 and a beta of 2.20. nLIGHT, Inc. has a 1-year low of $9.66 and a 1-year high of $14.75.

Insiders Place Their Bets

In other nLIGHT news, CFO Joseph John Corso sold 2,500 shares of nLIGHT stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $10.92, for a total transaction of $27,300.00. Following the sale, the chief financial officer now directly owns 155,129 shares of the company’s stock, valued at approximately $1,694,008.68. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott H. Keeney sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $11.20, for a total value of $168,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,347,781 shares of the company’s stock, valued at approximately $15,095,147.20. The trade was a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,006 shares of company stock worth $907,566 over the last 90 days. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

LASR has been the subject of several research reports. Needham & Company LLC increased their price objective on nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald started coverage on shares of nLIGHT in a research report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 price target on the stock.

About nLIGHT

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.