Varied Growth Drivers Lifted nLIGHT (LASR) in Q3

34 minutes ago 1

Soumya Eswaran

Mon, December 1, 2025 astatine 7:33 AM CST 3 min read

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. Equities deed a grounds precocious successful the 3rd quarter, fueled by continued gains successful exertion and falling enslaved yields. Easing tariff rhetoric and renewed AI infrastructure investments boosted ample tech stocks. In mid-September U.S. Federal Reserve lowered rates by 25 ground points. In this environment, the money returned 6.72% (net) during the quarter, underperforming the 9.00% returns of the Russell 2500 Index and 8.18% returns of the secondary benchmark, the Russell 2500 Value Index. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its third-quarter 2025 capitalist letter, Meridian Contrarian Fund highlighted stocks specified arsenic NLIGHT, Inc. (NASDAQ:LASR). NLIGHT, Inc. (NASDAQ:LASR) is simply a exertion institution that designs, develops, manufactures, and sells semiconductor and fibre lasers. The one-month instrumentality of NLIGHT, Inc. (NASDAQ:LASR) was 8.77%, and its shares gained 218.54% of their worth implicit the past 52 weeks. On November 28, 2025, NLIGHT, Inc. (NASDAQ:LASR) banal closed astatine $35.23 per share, with a marketplace capitalization of $1.789 billion.

Meridian Contrarian Fund stated the pursuing regarding NLIGHT, Inc. (NASDAQ:LASR) successful its 3rd 4th 2025 capitalist letter:

"NLIGHT, Inc. (NASDAQ:LASR) is simply a starring supplier of high-power lasers serving the medical, industrial, and increasingly, defence markets. We initially invested successful nLight arsenic they transitioned the institution to absorption connected laser defence applications that shield our troops from drones and force missiles. This represented caller high-value customers to offset commoditized applications successful concern markets overrun by Chinese-manufactured low-cost lasers. During the quarter, investors re-rated the banal higher successful designation of the increasing size of nLight’s addressable markets and its enactment presumption wrong them. We stay investors aft trimming portion of the presumption connected spot arsenic portion of our disciplined hazard absorption process."

Is nLight Inc. (LASR) the Best Debt-Free IT Stock to Buy Under $10?

NLIGHT, Inc. (NASDAQ:LASR) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 34 hedge money portfolios held NLIGHT, Inc. (NASDAQ:LASR) astatine the extremity of the 3rd quarter, which was 30 successful the erstwhile quarter. NLIGHT, Inc. (NASDAQ:LASR) reported gross of $67 cardinal successful Q3 2025, grew 19% year-over-year. While we admit the imaginable of NLIGHT, Inc. (NASDAQ:LASR) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.