Victory Capital Management Inc. grew its position in Oclaro Inc (NASDAQ:OCLR) by 952.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,807,219 shares of the semiconductor company’s stock after acquiring an additional 2,540,457 shares during the period. Victory Capital Management Inc.’s holdings in Oclaro were worth $18,921,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC grew its stake in shares of Oclaro by 28.3% in the second quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 3,650 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Oclaro by 26.6% in the second quarter. Advisor Group Inc. now owns 22,945 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 4,820 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Oclaro by 53.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 5,057 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Oclaro by 52.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,520 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 7,730 shares in the last quarter. Finally, Bridge City Capital LLC grew its stake in Oclaro by 8.7% during the 3rd quarter. Bridge City Capital LLC now owns 98,182 shares of the semiconductor company’s stock worth $847,000 after purchasing an additional 7,863 shares in the last quarter. 70.76% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Lisa Paul sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $7.45, for a total value of $37,250.00. Following the completion of the sale, the executive vice president now directly owns 232,950 shares of the company’s stock, valued at approximately $1,735,477.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $7.22, for a total value of $283,421.10. Following the completion of the sale, the insider now directly owns 171,226 shares of the company’s stock, valued at $1,236,251.72. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Oclaro Inc (NASDAQ OCLR) opened at $6.41 on Tuesday. The stock has a market capitalization of $1,080.00, a PE ratio of 7.82, a PEG ratio of 1.17 and a beta of 1.14. Oclaro Inc has a 1 year low of $5.61 and a 1 year high of $11.30.
Oclaro (NASDAQ:OCLR) last released its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The business 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 business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. research analysts predict that Oclaro Inc will post 0.44 EPS for the current year.
Several research analysts recently commented on the company. Cowen reissued a “buy” rating and set a $8.00 target price on shares of Oclaro in a research note on Tuesday, February 6th. Stifel Nicolaus lowered their target price on Oclaro from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. B. Riley boosted their target price on Oclaro from $8.25 to $8.50 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. DA Davidson lowered their target price on Oclaro from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Finally, Jefferies Group cut Oclaro from a “buy” rating to a “hold” rating and set a $6.50 target price for the company. in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Oclaro has a consensus rating of “Buy” and a consensus price target of $10.18.
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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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