Capital One National Association purchased a new position in Oclaro, Inc. (NASDAQ:OCLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 67,412 shares of the semiconductor company’s stock, valued at approximately $630,000.

A number of other institutional investors have also bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in Oclaro during the first quarter worth about $104,000. FormulaFolio Investments LLC purchased a new stake in shares of Oclaro during the first quarter worth approximately $116,000. National Asset Management Inc. boosted its stake in shares of Oclaro by 15.2% in the first quarter. National Asset Management Inc. now owns 12,144 shares of the semiconductor company’s stock worth $121,000 after buying an additional 1,601 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Oclaro during the first quarter worth approximately $160,000. Finally, M&T Bank Corp purchased a new stake in shares of Oclaro during the first quarter worth approximately $177,000. 72.79% of the stock is owned by institutional investors.

Shares of Oclaro, Inc. (NASDAQ OCLR) traded up 5.25% during mid-day trading on Tuesday, reaching $9.23. 10,715,386 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $9.66 and a 200 day moving average price of $9.35. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 11.99 and a beta of 1.55. Oclaro, Inc. has a 52 week low of $6.11 and a 52 week high of $11.30.

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

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A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC dropped their price target on shares of Oclaro from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. MKM Partners reaffirmed a “buy” rating and set a $10.50 target price (down previously from $12.00) on shares of Oclaro in a research note on Thursday, May 4th. DA Davidson began coverage on shares of Oclaro in a research note on Thursday, June 22nd. They set a “buy” rating and a $14.00 target price on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $14.00 target price (up previously from $13.00) on shares of Oclaro in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus lowered their target price on shares of Oclaro from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $12.97.

In related news, EVP David Teichmann sold 41,612 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $8.88, for a total transaction of $369,514.56. Following the sale, the executive vice president now directly owns 333,738 shares in the company, valued at approximately $2,963,593.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lisa Paul sold 5,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 183,460 shares in the company, valued at $1,682,328.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,031 shares of company stock worth $1,114,852. Corporate insiders own 2.30% of the company’s stock.

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.

Institutional Ownership by Quarter for Oclaro (NASDAQ:OCLR)

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