Oclaro, Inc. (NASDAQ:OCLR) EVP Lisa Paul sold 12,182 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $8.45, for a total value of $102,937.90. Following the completion of the transaction, the executive vice president now directly owns 246,090 shares in the company, valued at approximately $2,079,460.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Oclaro, Inc. (NASDAQ OCLR) traded up 1.66% on Friday, hitting $8.55. The company had a trading volume of 4,785,222 shares. The stock’s 50-day moving average price is $9.07 and its 200 day moving average price is $9.21. The company has a market capitalization of $1.44 billion, a P/E ratio of 11.10 and a beta of 1.62. Oclaro, Inc. has a one year low of $6.92 and a one year high of $11.30.

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

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Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in shares of Oclaro by 452.5% in the second quarter. Advisory Services Network LLC now owns 53,092 shares of the semiconductor company’s stock worth $496,000 after buying an additional 43,482 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Oclaro during the second quarter worth approximately $315,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Oclaro during the second quarter worth approximately $257,000. Ameritas Investment Partners Inc. raised its stake in shares of Oclaro by 53.3% in the second quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock worth $136,000 after buying an additional 5,057 shares during the last quarter. Finally, Delphi Management Inc. MA raised its stake in shares of Oclaro by 10.3% in the second quarter. Delphi Management Inc. MA now owns 236,920 shares of the semiconductor company’s stock worth $2,213,000 after buying an additional 22,084 shares during the last quarter. 71.03% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on OCLR shares. DA Davidson started coverage on Oclaro in a report on Thursday, June 22nd. They issued a “buy” rating and a $14.00 price target for the company. Cowen and Company restated an “outperform” rating and issued a $14.00 price target (up from $13.00) on shares of Oclaro in a report on Thursday, August 3rd. Zacks Investment Research downgraded Oclaro from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Needham & Company LLC restated a “strong-buy” rating and issued a $14.00 price target on shares of Oclaro in a report on Monday, June 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $21.00 price target (down from $35.00) on shares of Oclaro in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $12.97.

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.

Insider Buying and Selling by Quarter for Oclaro (NASDAQ:OCLR)

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