AIGH Capital Management LLC Makes New $11.81 Million Investment in nLight $LASR

AIGH Capital Management LLC purchased a new position in shares of nLight (NASDAQ:LASR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 600,103 shares of the company’s stock, valued at approximately $11,810,000. nLight makes up about 5.3% of AIGH Capital Management LLC’s holdings, making the stock its 6th biggest position. AIGH Capital Management LLC owned approximately 1.21% of nLight at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in nLight by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company’s stock worth $28,495,000 after buying an additional 74,163 shares in the last quarter. King Luther Capital Management Corp bought a new stake in shares of nLight in the 1st quarter valued at about $388,000. Segall Bryant & Hamill LLC raised its holdings in shares of nLight by 140.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company’s stock valued at $9,383,000 after purchasing an additional 705,215 shares during the period. Keeley Teton Advisors LLC raised its holdings in shares of nLight by 89.7% in the 1st quarter. Keeley Teton Advisors LLC now owns 127,356 shares of the company’s stock valued at $990,000 after purchasing an additional 60,221 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of nLight by 322.3% in the 1st quarter. Russell Investments Group Ltd. now owns 15,571 shares of the company’s stock valued at $121,000 after purchasing an additional 11,884 shares during the period. 83.88% of the stock is owned by institutional investors.

nLight Stock Down 5.0%

Shares of LASR opened at $30.10 on Monday. The firm’s 50-day simple moving average is $29.17 and its 200 day simple moving average is $19.82. nLight has a 52 week low of $6.20 and a 52 week high of $33.55. The firm has a market cap of $1.50 billion, a P/E ratio of -31.68 and a beta of 2.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63.

nLight (NASDAQ:LASR) last announced its earnings results on Thursday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. nLight had a negative net margin of 21.66% and a negative return on equity of 19.12%. The firm had revenue of $61.74 million for the quarter, compared to analyst estimates of $55.24 million. During the same quarter in the prior year, the business posted ($0.10) EPS. The business’s revenue was up 22.2% compared to the same quarter last year. nLight has set its Q3 2025 guidance at EPS. On average, analysts forecast that nLight will post -1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

LASR has been the topic of a number of research analyst reports. Wall Street Zen cut shares of nLight from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Needham & Company LLC upped their target price on shares of nLight from $18.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 8th. Cantor Fitzgerald upped their target price on shares of nLight from $27.50 to $33.50 and gave the company an “overweight” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nLight in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of nLight from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $27.42.

Insider Buying and Selling

In related news, CFO Joseph John Corso sold 38,284 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the sale, the chief financial officer owned 273,118 shares in the company, valued at approximately $7,726,508.22. This trade represents a 12.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Scott H. Keeney sold 62,507 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was 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 $71,866,987.62. This represents a 2.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 374,980 shares of company stock worth $10,650,501. Company insiders own 6.10% of the company’s stock.

nLight Company 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.