Oclaro Inc (NASDAQ:OCLR) EVP Lisa Paul sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the executive vice president now directly owns 216,886 shares of the company’s stock, valued at approximately $2,190,548.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Oclaro Inc (NASDAQ OCLR) traded down $0.09 during trading hours on Friday, reaching $9.93. The company’s stock had a trading volume of 7,563,998 shares, compared to its average volume of 6,857,549. Oclaro Inc has a fifty-two week low of $5.61 and a fifty-two week high of $10.93. The stock has a market cap of $1,721.43, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91.
Oclaro (NASDAQ:OCLR) last issued its earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. Oclaro had a return on equity of 23.17% and a net margin of 23.00%. The business had revenue of $139.30 million during the quarter, compared to analyst estimates of $138.83 million. During the same quarter in the previous year, the firm earned $0.21 EPS. Oclaro’s revenue was down 9.5% on a year-over-year basis. sell-side analysts anticipate that Oclaro Inc will post 0.44 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. raised its position in Oclaro by 2.0% in the 4th quarter. BlackRock Inc. now owns 20,857,498 shares of the semiconductor company’s stock worth $140,579,000 after buying an additional 416,980 shares during the last quarter. Ameriprise Financial Inc. raised its position in Oclaro by 3.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,695,343 shares of the semiconductor company’s stock worth $31,890,000 after buying an additional 134,102 shares during the last quarter. Victory Capital Management Inc. raised its position in Oclaro by 952.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,807,219 shares of the semiconductor company’s stock worth $18,921,000 after buying an additional 2,540,457 shares during the last quarter. Bank of New York Mellon Corp raised its position in Oclaro by 12.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,503,477 shares of the semiconductor company’s stock worth $16,874,000 after buying an additional 276,606 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in Oclaro by 54.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,406,428 shares of the semiconductor company’s stock worth $20,767,000 after buying an additional 850,381 shares during the last quarter. 68.75% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on OCLR shares. ValuEngine raised Oclaro from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Needham & Company LLC lowered Oclaro from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Zacks Investment Research raised Oclaro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus lowered their price target on Oclaro from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Finally, Loop Capital started coverage on Oclaro in a research report on Monday, January 29th. They issued a “buy” rating and a $10.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Oclaro presently has a consensus rating of “Hold” and an average price target of $10.43.
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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