Tema Etfs 13F: Exits nLIGHT (LASR) Stake

Tema Etfs sold its entire position in nLIGHT, Inc. (LASR) in a filing on October 16, 2026. This move reflects a total exit from holdings that previously contained 394,191 shares, worth around $13.4 million at the time of the sale.

What Changed in Tema Etfs's nLIGHT Position

Tema Etfs completely cut its stake in nLIGHT, Inc., reducing its shares from 394,191 to 0. This marks a 100% decrease in their investment, indicating a significant strategic shift.

Other Institutional Activity in nLIGHT

Blackrock Inc. grew its holdings by 559,790 shares, ending with 4,879,159 shares valued at about $164.3 million. Vanguard Capital Management LLC added 73,253 shares, holding 2,398,757 shares worth roughly $80.8 million. Needham Investment Management, L.L.C. increased its stake by 69,988 shares, ending with 1,992,740 shares valued at about $67.1 million. Meanwhile, Vanguard Portfolio Management LLC reduced its position by 270,437 shares, bringing its total to 2,197,052 shares worth approximately $73.9 million.

nLIGHT, Inc. Stock Down 5.4%

As of October 16, 2026, nLIGHT, Inc. shares were recently traded around $33.95. This price is significantly below the 50-day moving average of $43.95 and the 200-day average of $57.89, indicating a bearish trend. The stock is also down about 61% from its 52-week high of $86.95.

Recent Earnings

nLIGHT reported trailing twelve-month revenue of $310.7 million, reflecting a year-over-year revenue growth of 33.8%. The company's earnings per share (EPS) was negative, at -$0.25, indicating a challenging financial period. The next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at nLIGHT, Inc.

Several insiders sold shares recently. CEO Scott H. Keeney sold 9,753 shares at an average price of $40.69 on September 3, 2026, totaling around $396,850. CFO Joseph John Corso sold 7,715 shares, valued at approximately $316,743, on September 4, 2026. Keeney also sold 215,252 shares for about $8.9 million on September 9, 2026. Director Geoffrey A. Moore sold 4,452 shares at $38.45 on September 15, 2026, totaling $171,179.

Analysts Set New Price Targets

On July 9, 2026, Craig-Hallum maintained its "Buy" rating on nLIGHT with a price target of $100.00, up from a prior target of $80.00. The next day, Needham also maintained a "Buy" rating, raising its target to $90.00 from $80.00. Consensus among analysts shows a strong buy recommendation with a mean target price of $82.13.

About nLIGHT

nLIGHT, Inc. develops and manufactures semiconductor lasers and fiber lasers for various applications, including aerospace, defense, and industrial uses. The company operates two segments: Laser Products and Advanced Development. This transition in Tema Etfs's position may reflect broader strategic shifts in the semiconductor market.

Bottom Line

Keep an eye on nLIGHT’s upcoming earnings report on November 5, 2026. The recent move by Tema Etfs to exit its position shows a significant change in sentiment, and future filings will be important to monitor for further developments. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.