Mutual of America Capital Management LLC raised its stake in Oclaro, Inc. (NASDAQ:OCLR) by 334.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 261,820 shares of the semiconductor company’s stock after purchasing an additional 201,520 shares during the period. Mutual of America Capital Management LLC owned 0.16% of Oclaro worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. National Asset Management Inc. lifted its position in shares of Oclaro by 15.2% during 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 last quarter. LS Investment Advisors LLC bought a new stake in shares of Oclaro in the 2nd quarter valued at about $122,000. Envestnet Asset Management Inc. purchased a new position in shares of Oclaro in the 1st quarter worth approximately $160,000. ProShare Advisors LLC grew its position in shares of Oclaro by 28.3% in the 2nd quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock worth $154,000 after buying an additional 3,650 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Oclaro in the 2nd quarter worth approximately $159,000. Institutional investors own 70.45% of the company’s stock.

Shares of Oclaro, Inc. (OCLR) opened at 8.63 on Monday. The stock’s 50 day moving average is $8.66 and its 200-day moving average is $9.11. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 11.21 and a beta of 1.61. Oclaro, Inc. has a one year low of $6.91 and a one year high of $11.30.

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

Several research firms recently commented on OCLR. Northland Securities reiterated a “buy” rating and set a $12.75 price objective on shares of Oclaro in a research note on Friday, September 15th. Raymond James Financial, Inc. started coverage on shares of Oclaro in a research note on Thursday, September 14th. They issued a “strong-buy” rating and a $12.00 target price for the company. Zacks Investment Research downgraded shares of Oclaro from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. B. Riley restated a “buy” rating and issued a $11.75 target price on shares of Oclaro in a research note on Tuesday, August 8th. Finally, Cowen and Company reaffirmed 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $12.95.

In other news, EVP David Teichmann sold 20,132 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $8.37, for a total transaction of $168,504.84. Following the completion of the sale, the executive vice president now owns 422,126 shares in the company, valued at approximately $3,533,194.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lisa Paul sold 12,182 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $8.45, for a total transaction of $102,937.90. Following the sale, the executive vice president now owns 246,090 shares of the company’s stock, valued at approximately $2,079,460.50. The disclosure for this sale can be found here. Insiders sold 85,183 shares of company stock worth $747,174 over the last quarter. 2.00% of the stock is currently owned by insiders.

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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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