SG Americas Securities LLC Raises Holdings in Oclaro Inc (OCLR)

SG Americas Securities LLC raised its position in shares of Oclaro Inc (NASDAQ:OCLR) by 45.8% in the fourth quarter, HoldingsChannel reports. The firm owned 150,675 shares of the semiconductor company’s stock after buying an additional 47,355 shares during the period. SG Americas Securities LLC’s holdings in Oclaro were worth $1,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OCLR. Everence Capital Management Inc. bought a new position in Oclaro during the 3rd quarter valued at $110,000. Shelton Capital Management acquired a new stake in shares of Oclaro during the 2nd quarter valued at $117,000. Ameritas Investment Partners Inc. lifted its position in shares of Oclaro by 53.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 5,057 shares during the last quarter. Sei Investments Co. lifted its position in shares of Oclaro by 150.9% during the 3rd quarter. Sei Investments Co. now owns 17,105 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 10,288 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of Oclaro during the 2nd quarter valued at $157,000. 70.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Oclaro Inc (NASDAQ OCLR) opened at $6.68 on Thursday. The stock has a market capitalization of $1,130.00, a price-to-earnings ratio of 8.15, a PEG ratio of 1.12 and a beta of 1.14. Oclaro Inc has a 1-year low of $5.61 and a 1-year high of $11.30.

Oclaro (NASDAQ:OCLR) last released its earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.02. The company had revenue of $139.30 million during the quarter, compared to analyst estimates of $138.83 million. Oclaro had a return on equity of 23.17% and a net margin of 23.00%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. sell-side analysts forecast that Oclaro Inc will post 0.44 earnings per share for the current fiscal year.

In other news, insider Thomas Gordon Beck Mason sold 39,255 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $7.22, for a total value of $283,421.10. Following the completion of the sale, the insider now owns 171,226 shares in the company, valued at $1,236,251.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Teichmann sold 24,962 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $6.41, for a total value of $160,006.42. Following the completion of the sale, the executive vice president now owns 349,305 shares of the company’s stock, valued at approximately $2,239,045.05. The disclosure for this sale can be found here. Insiders sold 69,217 shares of company stock valued at $480,678 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

A number of equities research analysts have recently commented on the company. B. Riley increased their price objective on Oclaro from $8.25 to $8.50 and gave the company a “buy” rating in a research report on Tuesday, February 6th. DA Davidson cut their price objective on Oclaro from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Stifel Nicolaus cut their price objective on Oclaro from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Northland Securities set a $9.00 price objective on Oclaro and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Cowen reiterated a “buy” rating and set a $8.00 price objective on shares of Oclaro in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $10.18.

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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.

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Institutional Ownership by Quarter for Oclaro (NASDAQ:OCLR)

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