Divisar Capital Management Reduces nLIGHT Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
0mins
Should l Buy LASR?
Source: NASDAQ.COM
- Share Reduction Details: Divisar Capital Management sold 287,005 shares of nLIGHT in Q4 2025, estimated at $9.59 million, reflecting market volatility and trading activities that led to a $6.23 million decrease in position value, indicating sensitivity to market dynamics.
- Holding Proportion Change: Post-sale, Divisar retains 288,438 shares valued at $10.82 million, with nLIGHT now accounting for 3.04% of its reportable 13F assets, down significantly from 5.73% in the previous quarter, suggesting a diminished importance in its investment portfolio.
- Company Performance Metrics: Despite achieving a record revenue of $261.3 million in 2025, a 32% increase year-over-year, nLIGHT reported a net loss of $23.5 million, indicating improved profitability but still facing scrutiny due to a high price-to-sales ratio exceeding 11, suggesting potential overvaluation.
- Market Outlook Analysis: nLIGHT's stock price surged 392.2% over the past year, hitting a 52-week high of $69.52 on March 4, 2026, yet analysts advise caution in investing at current elevated valuations, with the company not being recommended among the top picks by The Motley Fool Stock Advisor.
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Analyst Views on LASR
Wall Street analysts forecast LASR stock price to fall
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 64.320
Low
39.00
Averages
40.60
High
44.00
Current: 64.320
Low
39.00
Averages
40.60
High
44.00
About LASR
nLIGHT, Inc. is a provider of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. The Company operates through two segments: Laser Products, and Advanced Development. The Laser Products segment includes high-power semiconductor lasers and fiber lasers that are typically integrated into laser systems or manufacturing tools built by its customers. This segment also includes fiber amplifiers and beam combination and control systems for use in high-energy laser (HEL) systems in directed energy applications, and laser sensing products used in a range of defense applications. The Advanced Development segment focuses on the research, design, and prototyping of next-generation laser technologies for the defense industry, including the development of custom high-power fiber lasers and advanced beam combining technologies. The Company sells high-power semiconductor lasers with a broad range of power levels, wavelengths, and output fiber sizes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Performance Impact: The timing of Link's sale coincided with nLIGHT's stock reaching a 52-week high of $69.83 on March 16, 2026, reflecting strong financial performance, particularly with Q4 revenue hitting $81.2 million, a 71% increase year-over-year, driven by robust demand in aerospace and defense markets.
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- Tech Sector Impact: The tech-heavy Nasdaq also declined by 1.2% over the past week, suggesting that challenges in the tech sector may affect broader market performance, prompting investors to monitor future trends in technology stocks.
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