GSA Capital Partners LLP lessened its position in Oclaro Inc (NASDAQ:OCLR) by 43.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,751 shares of the semiconductor company’s stock after selling 29,301 shares during the period. GSA Capital Partners LLP’s holdings in Oclaro were worth $334,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Oclaro by 120.0% in the 2nd quarter. BlackRock Inc. now owns 16,827,106 shares of the semiconductor company’s stock valued at $157,166,000 after purchasing an additional 9,177,551 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Oclaro by 1,727.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,789 shares of the semiconductor company’s stock valued at $913,000 after buying an additional 100,000 shares in the last quarter. Rhumbline Advisers raised its position in shares of Oclaro by 13.4% in the 3rd quarter. Rhumbline Advisers now owns 326,994 shares of the semiconductor company’s stock valued at $2,822,000 after buying an additional 38,758 shares in the last quarter. TCW Group Inc. increased its position in Oclaro by 75.5% during the 3rd quarter. TCW Group Inc. now owns 1,333,288 shares of the semiconductor company’s stock worth $11,506,000 after purchasing an additional 573,433 shares in the last quarter. Finally, Heartland Advisors Inc. increased its position in Oclaro by 50.0% during the 3rd quarter. Heartland Advisors Inc. now owns 150,000 shares of the semiconductor company’s stock worth $1,295,000 after purchasing an additional 50,000 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on OCLR. Zacks Investment Research upgraded shares of Oclaro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Needham & Company LLC cut shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. ValuEngine upgraded shares of Oclaro from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Cowen reaffirmed a “buy” rating on shares of Oclaro in a research note on Friday, November 3rd. Finally, Craig Hallum lowered shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Oclaro currently has an average rating of “Buy” and a consensus target price of $12.67.
Shares of Oclaro Inc (NASDAQ:OCLR) opened at $6.96 on Monday. The stock has a market cap of $1,174.72, a PE ratio of 7.82, a P/E/G ratio of 1.02 and a beta of 1.30. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Oclaro had a net margin of 24.31% and a return on equity of 28.11%. The firm had revenue of $155.60 million during the quarter, compared to analyst estimates of $154.51 million. During the same quarter last year, the business earned $0.14 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. analysts forecast that Oclaro Inc will post 0.51 earnings per share for the current fiscal year.
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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.
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