Bank Hapoalim BM raised its position in Oclaro, Inc. (NASDAQ:OCLR) by 174.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,175 shares of the semiconductor company’s stock after purchasing an additional 31,885 shares during the period. Bank Hapoalim BM’s holdings in Oclaro were worth $469,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. National Asset Management Inc. increased its stake in shares of Oclaro by 15.2% during the 1st quarter. National Asset Management Inc. now owns 12,144 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 1,601 shares during the last quarter. LS Investment Advisors LLC acquired a new position in shares of Oclaro during the 2nd quarter valued at about $122,000. ProShare Advisors LLC increased its stake in shares of Oclaro by 28.3% during the 2nd quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock valued at $154,000 after acquiring an additional 3,650 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Oclaro during the 2nd quarter valued at about $159,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Oclaro during the 1st quarter valued at about $160,000. Institutional investors own 70.45% of the company’s stock.

A number of research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $11.75 price objective on shares of Oclaro in a research note on Thursday, August 3rd. ValuEngine downgraded shares of Oclaro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Northland Securities reaffirmed a “buy” rating and set a $12.75 price objective on shares of Oclaro in a research note on Friday. Jefferies Group LLC reaffirmed a “buy” rating and set a $12.50 price objective (up previously from $12.00) on shares of Oclaro in a research note on Thursday, August 3rd. Finally, MKM Partners reaffirmed a “buy” rating and set a $12.00 price objective (up previously from $10.50) on shares of Oclaro in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $12.95.

Oclaro, Inc. (NASDAQ OCLR) traded up 1.54% during mid-day trading on Monday, reaching $9.21. 1,978,125 shares of the company were exchanged. The company has a market cap of $1.55 billion, a P/E ratio of 11.96 and a beta of 1.61. Oclaro, Inc. has a 12 month low of $6.91 and a 12 month high of $11.30. The stock’s 50-day moving average is $8.69 and its 200-day moving average is $9.10.

Oclaro (NASDAQ:OCLR) last posted its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.19 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $148.04 million. During the same period last year, the business earned $0.11 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Equities analysts expect that Oclaro, Inc. will post $0.74 earnings per share for the current year.

In other news, insider Michael H. Fernicola sold 12,869 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $8.62, for a total transaction of $110,930.78. Following the completion of the sale, the insider now directly owns 106,225 shares of the company’s stock, valued at approximately $915,659.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Greg Dougherty sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $9.12, for a total value of $364,800.00. Following the sale, the chief executive officer now directly owns 1,441,386 shares of the company’s stock, valued at $13,145,440.32. The disclosure for this sale can be found here. Insiders have sold a total of 85,183 shares of company stock valued at $747,174 over the last ninety days. Company insiders own 2.30% of the company’s stock.

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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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