Swiss National Bank lifted its position in shares of Oclaro Inc (NASDAQ:OCLR) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 282,100 shares of the semiconductor company’s stock after acquiring an additional 8,700 shares during the quarter. Swiss National Bank’s holdings in Oclaro were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Oclaro by 1,727.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,789 shares of the semiconductor company’s stock valued at $913,000 after acquiring an additional 100,000 shares in the last quarter. Rhumbline Advisers raised its position in shares of Oclaro by 13.4% during the 3rd quarter. Rhumbline Advisers now owns 326,994 shares of the semiconductor company’s stock valued at $2,822,000 after acquiring an additional 38,758 shares in the last quarter. TCW Group Inc. raised its position in shares of Oclaro by 75.5% during the 3rd quarter. TCW Group Inc. now owns 1,333,288 shares of the semiconductor company’s stock valued at $11,506,000 after acquiring an additional 573,433 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Oclaro during the 4th quarter valued at approximately $968,000. Finally, Heartland Advisors Inc. raised its position in shares of Oclaro by 100.0% during the 4th quarter. Heartland Advisors Inc. now owns 300,000 shares of the semiconductor company’s stock valued at $2,022,000 after acquiring an additional 150,000 shares in the last quarter. 68.75% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Lisa Paul sold 5,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $7.45, for a total value of $37,250.00. Following the completion of the transaction, the executive vice president now owns 232,950 shares of the company’s stock, valued at $1,735,477.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Teichmann sold 24,962 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $6.41, for a total value of $160,006.42. Following the completion of the transaction, the executive vice president now directly owns 349,305 shares of the company’s stock, valued at approximately $2,239,045.05. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Oclaro Inc (OCLR) opened at $7.85 on Monday. The company has a market capitalization of $1,330.04, a price-to-earnings ratio of 11.06, a P/E/G ratio of 1.34 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 released its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. Oclaro had a return on equity of 23.17% and a net margin of 23.00%. The company had revenue of $139.30 million during the quarter, compared to analysts’ expectations of $138.83 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. sell-side analysts forecast that Oclaro Inc will post 0.45 EPS for the current 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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