Oclaro Inc (NASDAQ:OCLR) EVP David Teichmann sold 9,474 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $10.00, for a total value of $94,740.00. Following the completion of the transaction, the executive vice president now owns 314,869 shares of the company’s stock, valued at approximately $3,148,690. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
David Teichmann also recently made the following trade(s):
- On Tuesday, February 13th, David Teichmann sold 24,962 shares of Oclaro stock. The stock was sold at an average price of $6.41, for a total value of $160,006.42.
Shares of Oclaro Inc (OCLR) traded up $0.12 on Wednesday, reaching $10.16. The company’s stock had a trading volume of 16,725,281 shares, compared to its average volume of 7,860,000. The firm has a market cap of $1,720.00, a P/E ratio of 12.39, a P/E/G ratio of 1.76 and a beta of 0.91. Oclaro Inc has a 12 month low of $5.61 and a 12 month high of $10.93.
Oclaro (NASDAQ:OCLR) last announced its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $138.83 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. equities research analysts anticipate that Oclaro Inc will post 0.44 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new stake in shares of Oclaro during the 4th quarter valued at about $156,000. Segall Bryant & Hamill LLC grew its position in shares of Oclaro by 85.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 501,877 shares of the semiconductor company’s stock valued at $3,383,000 after acquiring an additional 231,612 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Oclaro during the 4th quarter valued at about $429,000. Municipal Employees Retirement System of Michigan grew its position in shares of Oclaro by 39.3% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 193,680 shares of the semiconductor company’s stock valued at $1,306,000 after acquiring an additional 54,650 shares during the period. Finally, Meadow Creek Investment Management LLC acquired a new stake in shares of Oclaro during the 4th quarter valued at about $147,000. Hedge funds and other institutional investors own 68.75% of the company’s stock.
A number of brokerages recently issued reports on OCLR. UBS Group upgraded Oclaro from a “sell” rating to a “neutral” rating and set a $10.00 target price for the company in a research note on Wednesday. B. Riley restated a “neutral” rating and issued a $10.00 target price on shares of Oclaro in a research note on Tuesday. MKM Partners raised their target price on Oclaro and gave the stock a “buy” rating in a research note on Wednesday. Raymond James Financial reaffirmed a “market perform” rating and set a $12.00 price target on shares of Oclaro in a research report on Tuesday. Finally, Loop Capital downgraded Oclaro from a “buy” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Oclaro currently has a consensus rating of “Hold” and an average price target of $10.43.
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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