nLIGHT, Inc. (NASDAQ:LASR) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,147,845 shares of the company's stock after acquiring an additional 47,267 shares during the quarter. Dimensional Fund Advisors LP owned about 2.41% of nLIGHT worth $12,547,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC grew its holdings in nLIGHT by 15.0% in the first quarter. ProShare Advisors LLC now owns 11,518 shares of the company's stock worth $150,000 after purchasing an additional 1,503 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in nLIGHT by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company's stock worth $172,000 after acquiring an additional 1,886 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of nLIGHT by 9.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,913 shares of the company's stock worth $181,000 after acquiring an additional 1,220 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of nLIGHT by 484.2% during the first quarter. EntryPoint Capital LLC now owns 20,703 shares of the company's stock valued at $269,000 after acquiring an additional 17,159 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in nLIGHT by 79.1% in the 1st quarter. BNP Paribas Financial Markets now owns 21,812 shares of the company's stock worth $284,000 after purchasing an additional 9,635 shares in the last quarter. 83.88% of the stock is owned by institutional investors.

nLIGHT Trading Up 2.5 %

LASR traded up $0.27 during midday trading on Friday, hitting $11.03. 287,787 shares of the company were exchanged, compared to its average volume of 216,428. The company's 50 day simple moving average is $11.07 and its 200 day simple moving average is $11.77. The firm has a market capitalization of $524.64 million, a price-to-earnings ratio of -10.81 and a beta of 2.35. nLIGHT, Inc. has a 1-year low of $8.13 and a 1-year high of $15.00.

nLIGHT (NASDAQ:LASR - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.03. nLIGHT had a negative return on equity of 19.58% and a negative net margin of 25.62%. The company had revenue of $50.51 million during the quarter, compared to analysts' expectations of $49.23 million. During the same period last year, the business earned ($0.18) earnings per share. nLIGHT's quarterly revenue was down 5.2% on a year-over-year basis. On average, equities analysts anticipate that nLIGHT, Inc. will post -0.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LASR. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of nLIGHT in a research note on Monday, August 5th. Cantor Fitzgerald initiated coverage on nLIGHT in a report on Thursday. They issued an "overweight" rating and a $15.50 price objective on the stock. Finally, Benchmark reiterated a "speculative buy" rating and issued a $17.00 target price on shares of nLIGHT in a research report on Friday, August 2nd.

Insider Activity at nLIGHT

In other nLIGHT news, CFO Joseph John Corso sold 4,461 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $11.44, for a total value of $51,033.84. Following the completion of the transaction, the chief financial officer now owns 171,434 shares in the company, valued at approximately $1,961,204.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.10% of the stock is owned by company insiders.

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.