Kopp Investment Advisors LLC boosted its position in shares of Oclaro Inc (NASDAQ:OCLR) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 897,000 shares of the semiconductor company’s stock after buying an additional 14,169 shares during the quarter. Oclaro makes up approximately 6.1% of Kopp Investment Advisors LLC’s holdings, making the stock its 2nd largest holding. Kopp Investment Advisors LLC owned about 0.53% of Oclaro worth $6,046,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of OCLR. Crossmark Global Holdings Inc. acquired a new position in Oclaro during the 3rd quarter worth $351,000. Victory Capital Management Inc. lifted its stake in shares of Oclaro by 46.2% in the 3rd quarter. Victory Capital Management Inc. now owns 266,762 shares of the semiconductor company’s stock valued at $2,302,000 after purchasing an additional 84,342 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Oclaro by 26.3% in the 3rd quarter. New York State Teachers Retirement System now owns 78,367 shares of the semiconductor company’s stock valued at $676,000 after purchasing an additional 16,300 shares during the period. State of Tennessee Treasury Department lifted its stake in shares of Oclaro by 24.3% in the 3rd quarter. State of Tennessee Treasury Department now owns 147,479 shares of the semiconductor company’s stock valued at $1,273,000 after purchasing an additional 28,784 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Oclaro in the 3rd quarter valued at $874,000. 68.75% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Lisa Paul sold 5,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $7.45, for a total transaction of $37,250.00. Following the completion of the transaction, the executive vice president now directly owns 232,950 shares in the company, valued at approximately $1,735,477.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David Teichmann sold 24,962 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $6.41, for a total transaction of $160,006.42. Following the transaction, the executive vice president now owns 349,305 shares of the company’s stock, valued at $2,239,045.05. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
Oclaro (NASDAQ:OCLR) last released its earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. The firm had revenue of $139.30 million during the quarter, compared to analysts’ expectations of $138.83 million. Oclaro had a return on equity of 23.17% and a net margin of 23.00%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. equities analysts expect that Oclaro Inc will post 0.45 earnings per share for the current year.
OCLR has been the topic of a number of analyst reports. ValuEngine raised Oclaro from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Needham & Company LLC downgraded Oclaro from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Zacks Investment Research raised Oclaro from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus cut their price target on Oclaro from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Finally, Loop Capital initiated coverage on Oclaro in a research note on Monday, January 29th. They issued a “buy” rating and a $10.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $10.03.
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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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