Coldstream Capital Management Inc. Has $631,000 Holdings in nLight $LASR

Coldstream Capital Management Inc. lessened its holdings in nLight (NASDAQ:LASR) by 34.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,821 shares of the company’s stock after selling 9,017 shares during the period. Coldstream Capital Management Inc.’s holdings in nLight were worth $631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of nLight by 155.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 647 shares during the last quarter. Financial Consulate Inc. acquired a new stake in shares of nLight in the 4th quarter worth about $41,000. SBI Securities Co. Ltd. raised its holdings in shares of nLight by 22.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,225 shares of the company’s stock worth $46,000 after acquiring an additional 223 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of nLight in the 3rd quarter worth about $41,000. Finally, Osaic Holdings Inc. raised its holdings in shares of nLight by 1,599.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock worth $36,000 after acquiring an additional 1,727 shares during the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

nLight Stock Performance

Shares of LASR stock opened at $79.15 on Friday. nLight has a 52-week low of $14.91 and a 52-week high of $86.95. The company has a 50-day simple moving average of $69.83 and a two-hundred day simple moving average of $53.57. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of -263.82 and a beta of 2.34.

nLight (NASDAQ:LASR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.12. nLight had a negative net margin of 5.08% and a negative return on equity of 4.18%. The business had revenue of $80.18 million during the quarter, compared to the consensus estimate of $72.14 million. During the same period in the prior year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was up 55.2% compared to the same quarter last year. On average, sell-side analysts forecast that nLight will post -0.17 EPS for the current fiscal year.

Insider Transactions at nLight

In other news, CEO Scott H. Keeney sold 41,373 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $70.40, for a total transaction of $2,912,659.20. Following the completion of the sale, the chief executive officer owned 2,334,146 shares in the company, valued at $164,323,878.40. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO James Nias sold 415 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $71.09, for a total transaction of $29,502.35. Following the sale, the chief accounting officer owned 98,561 shares of the company’s stock, valued at approximately $7,006,701.49. The trade was a 0.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 405,487 shares of company stock worth $27,566,119 in the last quarter. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LASR. William Blair began coverage on shares of nLight in a research report on Friday, March 27th. They issued an “outperform” rating for the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 price objective on shares of nLight in a research report on Friday, May 8th. Robert W. Baird began coverage on shares of nLight in a research report on Wednesday, March 4th. They issued an “outperform” rating and a $95.00 price objective for the company. Wall Street Zen raised shares of nLight from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Needham & Company LLC upped their price objective on shares of nLight from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.06.

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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.