Arizona State Retirement System lifted its position in Oclaro Inc (NASDAQ:OCLR) by 224.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 283,679 shares of the semiconductor company’s stock after acquiring an additional 196,179 shares during the period. Arizona State Retirement System’s holdings in Oclaro were worth $1,912,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. lifted its stake in shares of Oclaro by 150.9% in the third quarter. Sei Investments Co. now owns 17,105 shares of the semiconductor company’s stock worth $147,000 after buying an additional 10,288 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Oclaro in the fourth quarter worth approximately $119,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Oclaro by 74.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,556 shares of the semiconductor company’s stock worth $238,000 after buying an additional 11,735 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Oclaro in the fourth quarter worth approximately $228,000. Finally, Piedmont Investment Advisors LLC lifted its stake in shares of Oclaro by 33.7% in the third quarter. Piedmont Investment Advisors LLC now owns 36,740 shares of the semiconductor company’s stock worth $317,000 after buying an additional 9,251 shares in the last quarter. Hedge funds and other institutional investors own 66.77% of the company’s stock.
In other Oclaro news, EVP David Teichmann sold 24,962 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $6.41, for a total transaction of $160,006.42. Following the completion of the sale, the executive vice president now directly owns 349,305 shares of the company’s stock, valued at $2,239,045.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lisa Paul sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $7.45, for a total transaction of $37,250.00. Following the sale, the executive vice president now directly owns 232,950 shares of the company’s stock, valued at $1,735,477.50. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Oclaro Inc (OCLR) opened at $7.85 on Monday. The firm has a market cap of $1,330.00, a P/E ratio of 9.57, a P/E/G ratio of 1.37 and a beta of 0.91. Oclaro Inc has a 52-week low of $5.61 and a 52-week high of $10.93.
Oclaro (NASDAQ:OCLR) last issued its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.02. The company had revenue of $139.30 million for the quarter, compared to the consensus estimate of $138.83 million. Oclaro had a net margin of 23.00% and a return on equity of 23.17%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. equities analysts forecast that Oclaro Inc will post 0.45 earnings per share for the current fiscal year.
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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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