Oclaro, Inc. (NASDAQ:OCLR) saw some unusual options trading on Monday. Traders acquired 7,228 put options on the company. This is an increase of approximately 162% compared to the typical volume of 2,756 put options.

Oclaro (NASDAQ OCLR) opened at 9.92 on Thursday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 18.04 and a beta of 1.54. The stock has a 50 day moving average price of $9.64 and a 200-day moving average price of $9.26. Oclaro has a 1-year low of $5.18 and a 1-year high of $11.30.

Oclaro (NASDAQ:OCLR) last released its earnings results on Tuesday, May 2nd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. Oclaro had a return on equity of 28.78% and a net margin of 14.51%. The firm had revenue of $162.18 million for the quarter, compared to the consensus estimate of $160.06 million. During the same period in the prior year, the firm earned $0.03 EPS. Equities research analysts expect that Oclaro will post $0.76 EPS for the current year.

A number of analysts have commented on OCLR shares. MKM Partners reissued a “buy” rating and issued a $10.50 target price (down previously from $12.00) on shares of Oclaro in a report on Thursday, May 4th. Jefferies Group LLC reduced their target price on Oclaro from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Stifel Nicolaus reduced their target price on Oclaro from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. B. Riley reissued a “buy” rating and issued a $12.00 target price on shares of Oclaro in a report on Wednesday, May 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of Oclaro in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $12.75.

In related news, insider Michael H. Fernicola sold 5,067 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $8.77, for a total transaction of $44,437.59. Following the completion of the transaction, the insider now owns 61,292 shares of the company’s stock, valued at approximately $537,530.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Gordon Beck Mason sold 32,352 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $9.12, for a total value of $295,050.24. Following the transaction, the insider now directly owns 144,125 shares of the company’s stock, valued at approximately $1,314,420. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,031 shares of company stock valued at $1,114,852. 2.30% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. increased its position in Oclaro by 1.9% in the first quarter. Suntrust Banks Inc. now owns 19,133 shares of the semiconductor company’s stock valued at $187,000 after buying an additional 355 shares during the last quarter. Cypress Capital Management LLC WY increased its position in Oclaro by 1.9% in the second quarter. Cypress Capital Management LLC WY now owns 54,500 shares of the semiconductor company’s stock valued at $509,000 after buying an additional 1,040 shares during the last quarter. Tealwood Asset Management Inc. increased its position in Oclaro by 0.8% in the second quarter. Tealwood Asset Management Inc. now owns 182,695 shares of the semiconductor company’s stock valued at $1,706,000 after buying an additional 1,535 shares during the last quarter. National Asset Management Inc. increased its position in Oclaro by 15.2% in the first quarter. National Asset Management Inc. now owns 12,144 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 1,601 shares during the last quarter. Finally, Aperio Group LLC increased its position in Oclaro by 9.3% in the second quarter. Aperio Group LLC now owns 22,646 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 1,936 shares during the last quarter. 70.30% of the stock is currently owned by hedge funds and other institutional investors.

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Oclaro Company Profile

Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications.

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