Paloma Partners Management Co acquired a new position in shares of Oclaro Inc (NASDAQ:OCLR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 85,600 shares of the semiconductor company’s stock, valued at approximately $764,000. Paloma Partners Management Co owned approximately 0.05% of Oclaro as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. LMR Partners LLP bought a new stake in shares of Oclaro in the 2nd quarter valued at $4,465,000. BlackRock Inc. increased its holdings in Oclaro by 9.5% during the 2nd quarter. BlackRock Inc. now owns 23,997,225 shares of the semiconductor company’s stock worth $214,294,000 after purchasing an additional 2,085,377 shares in the last quarter. Legal & General Group Plc increased its holdings in Oclaro by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 367,204 shares of the semiconductor company’s stock worth $3,256,000 after purchasing an additional 20,900 shares in the last quarter. GAM Holding AG increased its holdings in Oclaro by 9.4% during the 2nd quarter. GAM Holding AG now owns 760,000 shares of the semiconductor company’s stock worth $6,787,000 after purchasing an additional 65,000 shares in the last quarter. Finally, Columbia Partners L L C Investment Management bought a new position in Oclaro during the 2nd quarter worth about $1,236,000. Institutional investors own 69.28% of the company’s stock.

OCLR has been the subject of a number of recent research reports. BidaskClub downgraded shares of Oclaro from a “sell” rating to a “strong sell” rating in a research note on Tuesday. ValuEngine upgraded shares of Oclaro from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Oclaro presently has a consensus rating of “Hold” and a consensus price target of $9.44.

NASDAQ:OCLR traded up $0.03 during mid-day trading on Friday, reaching $8.46. The stock had a trading volume of 1,793,630 shares, compared to its average volume of 3,538,530. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.56. Oclaro Inc has a 12 month low of $5.61 and a 12 month high of $10.20.

Oclaro (NASDAQ:OCLR) last issued its earnings results on Monday, August 13th. The semiconductor company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Oclaro had a net margin of 11.50% and a return on equity of 13.34%. The firm had revenue of $120.94 million for the quarter, compared to analyst estimates of $120.22 million. As a group, sell-side analysts predict that Oclaro Inc will post 0.33 EPS for the current fiscal year.

Oclaro Profile

Oclaro, Inc designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. The company's products generate, detect, combine, and separate light signals in optical communications networks. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications.

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Institutional Ownership by Quarter for Oclaro (NASDAQ:OCLR)

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