nLIGHT (LASR)

• Market cap: $538M
• 1 day: 6.12%
• 5 days: 2.02%
• 1 month: 2.02%
• 3 months: -1.16%
• 6 months: -14.48%
• Year to date: 6.73%
• 1 year: -14.55%
• 5 years: -48.42%
• 10 years: -58.81%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: nLight Inc is a United States-based company engaged in providing semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It designs, develops and manufactures the critical elements of lasers, through its vertically integrated business model to rapidly introduce innovative products, control costs and protect intellectual property. It operates in two segments: Laser Products, which includes semiconductor lasers, fiber lasers, and directed energy products; and Advanced Development segment includes revenue earned from research and development contracts. The majority of its revenue is generated from the Laser segment. The company's geographical segments include North America, China, and the Rest of the world.

Employees: 930

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

222% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 9

56% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 39

13% more funds holding

Funds holding: 143 [Q2] → 162 (+19) [Q3]

0% more call options, than puts

Call options by funds: $1K | Put options by funds: $1K

7.07% less ownership

Funds ownership: 91.95% [Q2] → 84.88% (-7.07%) [Q3]

8% less capital invested

Capital invested by funds: $478M [Q2] → $441M (-$36.7M) [Q3]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14 26% upside
• Avg. target: $15 35% upside
• High target: $16 44% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Stifel Ruben Roy 74% 1-year accuracy 23 / 31 met price target	26% upside $14	Buy Maintained	15 Jan 2025
Needham James Ricchiuti 60% 1-year accuracy 69 / 115 met price target	44% upside $16	Buy Maintained	11 Nov 2024