Oclaro, Inc. (NASDAQ:OCLR) was the recipient of unusually large options trading on Wednesday. Stock traders bought 8,352 call options on the stock. This is an increase of 152% compared to the typical volume of 3,315 call options.

Oclaro (NASDAQ:OCLR) opened at 8.58 on Friday. Oclaro has a 12 month low of $6.91 and a 12 month high of $11.30. The company’s 50-day moving average price is $9.24 and its 200 day moving average price is $9.25. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.14 and a beta of 1.55.

Oclaro (NASDAQ:OCLR) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Oclaro had a net margin of 21.28% and a return on equity of 27.63%. The business had revenue of $149.38 million for the quarter, compared to analysts’ expectations of $148.04 million. During the same quarter last year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Analysts predict that Oclaro will post $0.74 EPS for the current year.

Several research firms have recently commented on OCLR. B. Riley reissued a “buy” rating and issued a $12.00 price target on shares of Oclaro in a research report on Wednesday, May 3rd. ValuEngine lowered Oclaro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered Oclaro from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. MKM Partners reissued a “buy” rating and issued a $10.50 price target (down from $12.00) on shares of Oclaro in a research report on Thursday, May 4th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $12.50 price target (up from $12.00) on shares of Oclaro in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.97.

In other news, EVP Lisa Paul sold 5,000 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $9.17, for a total value of $45,850.00. Following the completion of the transaction, the executive vice president now directly owns 183,460 shares of the company’s stock, valued at approximately $1,682,328.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Greg Dougherty sold 40,000 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $9.12, for a total value of $364,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,441,386 shares of the company’s stock, valued at $13,145,440.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,001 shares of company stock valued at $690,086. Corporate insiders own 2.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Oclaro by 120.0% in the second quarter. BlackRock Inc. now owns 16,827,106 shares of the semiconductor company’s stock valued at $157,166,000 after buying an additional 9,177,551 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Oclaro by 574.9% in the first quarter. Teachers Advisors LLC now owns 5,129,019 shares of the semiconductor company’s stock valued at $50,367,000 after buying an additional 4,369,074 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Oclaro by 77.5% in the first quarter. Ameriprise Financial Inc. now owns 7,973,627 shares of the semiconductor company’s stock valued at $78,300,000 after buying an additional 3,481,430 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Oclaro by 30.5% in the first quarter. Wellington Management Group LLP now owns 9,737,747 shares of the semiconductor company’s stock valued at $95,624,000 after buying an additional 2,278,171 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new position in shares of Oclaro during the first quarter valued at approximately $16,130,000. 74.45% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/26/oclaro-target-of-unusually-high-options-trading-oclr.html.

About Oclaro

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.

Receive News & Ratings for Oclaro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oclaro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.