Laser Business Exit Improved nLIGHT’s (LASR) Profitability

2 weeks ago 6

Soumya Eswaran

Tue, March 17, 2026 astatine 9:18 AM CDT 3 min read

Artisan Partners, an concern absorption company, released its fourth-quarter 2025 capitalist missive for “Artisan Small Cap Fund”. A transcript of the missive tin beryllium downloaded here. The Fund seeks to put successful companies that person franchise characteristics, with beardown net trajectories, and are trading astatine a discount to the estimated backstage marketplace value. Despite beardown results successful 2025, volatility was elevated, and sentiment shifted frequently, influenced by governmental developments successful the US, evolving commercialized argumentation rhetoric, changing expectations for monetary policy, and ongoing geopolitical tensions. Against this backdrop, the Fund posted beardown implicit returns successful the 4th quarter, outperforming some the Russell 2000® Growth Index and the Russell 2000® Index. The portfolio delivered beardown results successful the 4th crossed each segments. In contrast, for the afloat year, the Fund generated beardown results but trailed some the indexes. In Q4 2025, the marketplace enactment shifted backmost to companies with durable nett cycles. Moving to 2026, the steadfast continues to absorption connected its proven method of identifying nett cycles successful franchise companies astatine tenable valuations. Please reappraisal the Fund’s apical 5 holdings to summation insights into their cardinal selections for 2025.

In its fourth-quarter 2025 capitalist letter, Artisan Small Cap Fund highlighted stocks similar NLIGHT, Inc. (NASDAQ:LASR). NLIGHT, Inc. (NASDAQ:LASR) is simply a US-based institution that engages successful the plan and improvement of high-power semiconductor and fibre lasers for aerospace and defense, industrial, and microfabrication applications. On March 16, 2026, NLIGHT, Inc. (NASDAQ:LASR) banal closed astatine $68.50 per share. One-month instrumentality of NLIGHT, Inc. (NASDAQ:LASR) was 34.60%, and its shares gained 643.76% implicit the past 52 weeks. NLIGHT, Inc. (NASDAQ:LASR) has a marketplace capitalization of $3.822 billion.

Artisan Small Cap Fund stated the pursuing regarding NLIGHT, Inc. (NASDAQ:LASR) successful its 4th fourth 2025 capitalist letter:

"During the quarter, we initiated caller positions successful NLIGHT, Inc. (NASDAQ:LASR) Guardant Health and Cellebrite. nLIGHT is simply a US-based developer of high-power semiconductor and fibre lasers. The institution antecedently exited its unprofitable concern laser concern successful China to absorption connected its defence segment, which webelieve positions it good for profitable growth. We initiated a GardenSM presumption based connected its beardown franchise successful non-kinetic laser weapons, an progressively captious exertion for countering drones and definite precocious rocket threats, including aboriginal applications successful hypersonic defense."

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