Legal & General Group Plc decreased its stake in Oclaro, Inc. (NASDAQ:OCLR) by 1.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 26,889 shares of the semiconductor company’s stock after selling 502 shares during the period. Legal & General Group Plc’s holdings in Oclaro were worth $262,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OCLR. Wellington Management Group LLP boosted its stake in shares of Oclaro by 30.5% in the first quarter. Wellington Management Group LLP now owns 9,737,747 shares of the semiconductor company’s stock valued at $95,624,000 after buying an additional 2,278,171 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Oclaro by 77.5% in the first quarter. Ameriprise Financial Inc. now owns 7,973,627 shares of the semiconductor company’s stock valued at $78,300,000 after buying an additional 3,481,430 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Oclaro by 574.9% in the first quarter. Teachers Advisors LLC now owns 5,129,019 shares of the semiconductor company’s stock valued at $50,367,000 after buying an additional 4,369,074 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Oclaro by 43.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,284,301 shares of the semiconductor company’s stock valued at $20,445,000 after buying an additional 697,014 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its stake in shares of Oclaro by 22.5% in the first quarter. Paradigm Capital Management Inc. NY now owns 2,033,400 shares of the semiconductor company’s stock valued at $19,968,000 after buying an additional 373,500 shares during the last quarter. Institutional investors own 72.79% of the company’s stock.

Oclaro, Inc. (NASDAQ OCLR) opened at 8.655 on Thursday. Oclaro, Inc. has a 12-month low of $6.12 and a 12-month high of $11.30. The company has a 50-day moving average price of $9.60 and a 200 day moving average price of $9.36. The company has a market cap of $1.45 billion, a PE ratio of 11.240 and a beta of 1.55.

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

ILLEGAL ACTIVITY WARNING: “Oclaro, Inc. (OCLR) Shares Sold by Legal & General Group Plc” was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.watchlistnews.com/oclaro-inc-oclr-shares-sold-by-legal-general-group-plc/1470506.html.

Several analysts have recently commented on OCLR shares. ValuEngine upgraded Oclaro from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Piper Jaffray Companies restated a “buy” rating and set a $12.00 target price on shares of Oclaro in a report on Thursday, August 3rd. B. Riley restated a “buy” rating and set a $11.75 target price on shares of Oclaro in a report on Tuesday. Stifel Nicolaus restated a “buy” rating and set a $12.00 target price (up previously from $10.00) on shares of Oclaro in a report on Monday, July 10th. Finally, Rosenblatt Securities started coverage on Oclaro in a report on Wednesday, May 17th. They set a “buy” rating and a $12.00 target price on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.97.

In other Oclaro news, EVP Lisa Paul sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $9.17, for a total value of $45,850.00. Following the sale, the executive vice president now owns 183,460 shares in the company, valued at approximately $1,682,328.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Gordon Beck Mason sold 32,352 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $9.12, for a total value of $295,050.24. Following the completion of the sale, the insider now owns 144,125 shares in the company, valued at approximately $1,314,420. The disclosure for this sale can be found here. Insiders sold a total of 82,419 shares of company stock worth $745,338 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

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.

Want to see what other hedge funds are holding OCLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oclaro, Inc. (NASDAQ:OCLR).

Institutional Ownership by Quarter for Oclaro (NASDAQ:OCLR)

Receive News & Ratings for Oclaro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oclaro Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.