National Planning Corp boosted its position in Oclaro, Inc. (NASDAQ:OCLR) by 38.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,544 shares of the semiconductor company’s stock after purchasing an additional 14,300 shares during the period. National Planning Corp’s holdings in Oclaro were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OCLR. Dimensional Fund Advisors LP lifted its stake in Oclaro by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,475,371 shares of the semiconductor company’s stock worth $24,309,000 after purchasing an additional 191,070 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Oclaro by 12.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 515,694 shares of the semiconductor company’s stock worth $5,065,000 after purchasing an additional 56,215 shares during the last quarter. Bank of America Corp DE lifted its stake in Oclaro by 371.9% in the first quarter. Bank of America Corp DE now owns 142,518 shares of the semiconductor company’s stock worth $1,400,000 after purchasing an additional 112,315 shares during the last quarter. State Street Corp lifted its stake in Oclaro by 14.3% in the first quarter. State Street Corp now owns 2,494,961 shares of the semiconductor company’s stock worth $24,502,000 after purchasing an additional 312,453 shares during the last quarter. Finally, Capstone Asset Management Co. bought a new stake in Oclaro in the second quarter worth about $331,000. 70.66% of the stock is owned by institutional investors and hedge funds.

OCLR has been the subject of several analyst reports. Northland Securities reissued a “buy” rating and issued a $12.75 price objective on shares of Oclaro in a research note on Friday, September 15th. B. Riley reissued a “buy” rating and issued a $11.75 price objective on shares of Oclaro in a research note on Tuesday, August 8th. Needham & Company LLC lowered shares of Oclaro from a “strong-buy” rating to a “buy” rating and reduced their target price for the stock from $14.00 to $9.00 in a research report on Thursday, November 2nd. DA Davidson reaffirmed a “buy” rating and set a $11.00 target price on shares of Oclaro in a research report on Thursday, November 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $12.50 target price on shares of Oclaro in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Oclaro currently has a consensus rating of “Buy” and a consensus target price of $12.67.

Oclaro, Inc. (OCLR) opened at $7.09 on Tuesday. The company has a market cap of $1,183.16, a P/E ratio of 8.99, a PEG ratio of 1.02 and a beta of 1.31. Oclaro, Inc. has a 1 year low of $5.86 and a 1 year high of $11.30.

Oclaro (NASDAQ:OCLR) last issued its earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $155.60 million for the quarter, compared to analyst estimates of $154.51 million. Oclaro had a net margin of 24.31% and a return on equity of 28.11%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. analysts predict that Oclaro, Inc. will post 0.51 EPS for the current fiscal year.

In related news, insider Thomas Gordon Beck Mason sold 39,255 shares of Oclaro stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $7.22, for a total transaction of $283,421.10. Following the transaction, the insider now directly owns 171,226 shares of the company’s stock, valued at $1,236,251.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael H. Fernicola sold 7,016 shares of Oclaro stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $6.21, for a total transaction of $43,569.36. Following the transaction, the chief accounting officer now directly owns 81,378 shares in the company, valued at $505,357.38. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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Oclaro 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.

Institutional Ownership by Quarter for Oclaro (NASDAQ:OCLR)

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