Capstone Asset Management Co. acquired a new position in shares of Oclaro, Inc. (NASDAQ:OCLR) during the second quarter, Holdings Channel reports. The fund acquired 35,450 shares of the semiconductor company’s stock, valued at approximately $331,000.

A number of other large investors have also recently made changes to their positions in OCLR. Park Avenue Securities LLC purchased a new stake in shares of Oclaro during the first quarter worth about $104,000. FormulaFolio Investments LLC purchased a new stake in shares of Oclaro during the first quarter worth about $116,000. National Asset Management Inc. boosted its stake in shares of Oclaro by 15.2% in the first quarter. National Asset Management Inc. now owns 12,144 shares of the semiconductor company’s stock worth $121,000 after buying an additional 1,601 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Oclaro during the first quarter worth about $160,000. Finally, M&T Bank Corp purchased a new stake in shares of Oclaro during the first quarter worth about $177,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Oclaro, Inc. (NASDAQ OCLR) traded up 0.12% on Friday, hitting $8.33. 4,581,783 shares of the company traded hands. Oclaro, Inc. has a 1-year low of $6.27 and a 1-year high of $11.30. The firm has a market capitalization of $1.39 billion, a PE ratio of 10.82 and a beta of 1.55. The firm’s 50 day moving average price is $9.57 and its 200 day moving average price is $9.35.

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

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OCLR has been the topic of a number of research reports. Stifel Nicolaus lowered their price objective on Oclaro from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. B. Riley reiterated a “buy” rating and set a $12.00 price target on shares of Oclaro in a research report on Wednesday, May 3rd. MKM Partners reiterated a “buy” rating and set a $12.00 price target on shares of Oclaro in a research report on Friday, April 21st. Rosenblatt Securities initiated coverage on Oclaro in a research report on Wednesday, May 17th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Oclaro in a research report on Friday, May 5th. 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 company. The company presently has a consensus rating of “Buy” and a consensus target price of $12.97.

In other news, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $9.17, for a total value of $45,850.00. Following the completion of the transaction, the executive vice president now owns 183,460 shares in the company, valued at approximately $1,682,328.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Gordon Beck Mason sold 32,352 shares of Oclaro stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $9.12, for a total value of $295,050.24. Following the completion of the transaction, the insider now owns 144,125 shares of the company’s stock, valued at approximately $1,314,420. The disclosure for this sale can be found here. 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.

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Institutional Ownership by Quarter for Oclaro (NASDAQ:OCLR)

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