LS Investment Advisors LLC purchased a new stake in shares of Oclaro, Inc. (NASDAQ:OCLR) during the second quarter, according to its most recent filing with the SEC. The fund purchased 13,028 shares of the semiconductor company’s stock, valued at approximately $122,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Suntrust Banks Inc. increased its stake in Oclaro by 1.9% in the first quarter. Suntrust Banks Inc. now owns 19,133 shares of the semiconductor company’s stock valued at $187,000 after buying an additional 355 shares during the period. National Asset Management Inc. increased its stake in Oclaro by 15.2% in the first quarter. National Asset Management Inc. now owns 12,144 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 1,601 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Oclaro by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 73,515 shares of the semiconductor company’s stock valued at $722,000 after buying an additional 2,453 shares during the period. California Public Employees Retirement System increased its stake in Oclaro by 1.7% in the first quarter. California Public Employees Retirement System now owns 250,224 shares of the semiconductor company’s stock valued at $2,457,000 after buying an additional 4,300 shares during the period. Finally, Swiss National Bank increased its stake in Oclaro by 1.6% in the first quarter. Swiss National Bank now owns 273,400 shares of the semiconductor company’s stock valued at $2,685,000 after buying an additional 4,400 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Shares of Oclaro, Inc. (NASDAQ:OCLR) traded up 0.84% during midday trading on Friday, reaching $8.39. 7,332,942 shares of the company were exchanged. The company has a market capitalization of $1.40 billion, a PE ratio of 10.90 and a beta of 1.55. The firm’s 50 day moving average is $9.54 and its 200-day moving average is $9.34. Oclaro, Inc. has a 52-week low of $6.88 and a 52-week high of $11.30.

Oclaro (NASDAQ:OCLR) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $149.38 million for the quarter, compared to analyst estimates of $148.04 million. Oclaro had a return on equity of 27.63% and a net margin of 21.28%. Oclaro’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, equities analysts forecast that Oclaro, Inc. will post $0.74 earnings per share for the current fiscal year.

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A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Oclaro from a “hold” rating to a “sell” rating in a research report on Wednesday. B. Riley restated a “buy” rating and set a $11.75 price objective on shares of Oclaro in a research report on Tuesday. Cowen and Company restated an “outperform” rating and set a $14.00 price objective (up previously from $13.00) on shares of Oclaro in a research report on Thursday, August 3rd. Needham & Company LLC restated a “strong-buy” rating and set a $14.00 price objective on shares of Oclaro in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $12.50 price objective (up previously from $12.00) on shares of Oclaro in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Oclaro has an average rating of “Buy” and an average target price of $12.97.

In related news, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $9.17, for a total value of $45,850.00. Following the transaction, the executive vice president now owns 183,460 shares of the company’s stock, valued at approximately $1,682,328.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Gordon Beck Mason sold 32,352 shares of Oclaro stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $9.12, for a total value of $295,050.24. Following the completion of the transaction, the insider now directly owns 144,125 shares in the company, valued at approximately $1,314,420. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for Oclaro (NASDAQ:OCLR)

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