Federated Investors Inc. PA bought a new position in shares of Nlight Inc (NASDAQ:LASR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 200,000 shares of the company’s stock, valued at approximately $6,612,000. Federated Investors Inc. PA owned 0.58% of Nlight at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Scout Investments Inc. bought a new stake in Nlight in the 2nd quarter valued at $334,000. Balter Liquid Alternatives LLC bought a new stake in Nlight in the 2nd quarter valued at $432,000. Spark Investment Management LLC bought a new stake in Nlight in the 2nd quarter valued at $386,000. State of Wisconsin Investment Board bought a new stake in Nlight in the 2nd quarter valued at $1,322,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Nlight in the 2nd quarter valued at $7,514,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:LASR opened at $27.04 on Monday. Nlight Inc has a 52 week low of $22.14 and a 52 week high of $43.63. The company has a current ratio of 5.73, a quick ratio of 4.69 and a debt-to-equity ratio of 0.08.

Nlight (NASDAQ:LASR) last issued its earnings results on Wednesday, August 8th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $51.70 million during the quarter, compared to analyst estimates of $50.25 million. The business’s revenue was up 49.0% on a year-over-year basis. sell-side analysts predict that Nlight Inc will post 0.33 earnings per share for the current year.

Several brokerages have issued reports on LASR. Zacks Investment Research raised shares of Nlight from a “sell” rating to a “hold” rating in a report on Friday, August 31st. Northcoast Research began coverage on shares of Nlight in a report on Friday, May 18th. They issued a “buy” rating and a $35.00 price target on the stock. Needham & Company LLC boosted their price target on shares of Nlight from $34.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, May 29th. DA Davidson began coverage on shares of Nlight in a report on Monday, May 21st. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Nlight in a report on Monday, May 21st. They issued a “buy” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Nlight presently has an average rating of “Buy” and a consensus price target of $40.00.

About Nlight

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in various end applications in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in North America, Asia, and Europe.

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Institutional Ownership by Quarter for Nlight (NASDAQ:LASR)

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