Invests $331000 in Oclaro, Inc. (OCLR)

Invests $331000 in Oclaro, Inc. (OCLR)

Finally, Teachers Advisors LLC boosted its position in Oclaro by 574.9% in the first quarter. About shares traded. Oclaro, Inc. NY now owns 73,515 shares of the semiconductor company's stock valued at $722,000 after buying an additional 2,453 shares during the last quarter. As of the end of the quarter Tiaa Cref Investment Management LLC had disposed of 2,538,010 shares trimming its position 75.6%. The stock of Oclaro, Inc. The fund owned 57,069 shares of the semiconductor company's stock after buying an additional 9,870 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Oclaro during the first quarter worth about $160,000. Wellington Management Group LLP boosted its position in Oclaro by 30.5% in the first quarter. Institutional investors and hedge funds own 72.79% of the company's stock. During the last month, the stock has changed 8.24% and performed -1.84% over the last 6 months.

Shares of Oclaro (NASDAQ OCLR) traded up 1.262% during mid-day trading on Friday, hitting $8.425.

Market capitalization of 1.52B shares for the company helps traders interpret the size of Oclaro, Inc., acting as the basic determinant for numerous important characteristics that affects an investment decision. Oclaro, Inc. (NASDAQ:OCLR) has risen 92.74% since August 10, 2016 and is uptrending. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03.

While having a peek at profitability ratios Oclaro Inc (NASDAQ:OCLR) has trailing twelve month gross margin at 37.1%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%.

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Century Aluminum C (NASDAQ:CENX) has average revenue estimates of $393.17 Million, compared to low analyst estimates of $390.5 Million and high estimates of $396 Million for the current quarter. During the same quarter in the previous year, the company posted $0.11 EPS. Equities research analysts anticipate that Oclaro, Inc. will post $0.74 EPS for the current year. Allianz Asset Management Ag invested in 0.01% or 695,110 shares. BidaskClub downgraded shares of Oclaro from a "hold" rating to a "sell" rating in a report on Tuesday, August 1st. "(OCLR)" was originally published by Rincon Hill News and is the property of of Rincon Hill News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of worldwide copyright & trademark legislation.

Oclaro, Inc. (OCLR) has earnings decline of -6.30% yoy. Zacks Investment Research lowered shares of Oclaro from a "hold" rating to a "sell" rating in a report on Wednesday. Needham & Company LLC reiterated a "strong-buy" rating and set a $14.00 price target on shares of Oclaro in a research report on Thursday, August 3rd. DA Davidson began coverage on Oclaro in a research report on Thursday, June 22nd. ValuEngine cut shares of Oclaro from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 8th. Cowen and Company reiterated an "outperform" rating and set a $14.00 price target (up previously from $13.00) on shares of Oclaro in a report on Thursday, August 3rd. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

In other news, CEO Greg Dougherty sold 40,000 shares of Oclaro stock in a transaction that occurred on Friday, May 12th. It increased, as 0 investors sold Blackrock New York Municipal 2018 Term T shares while 1 reduced holdings. Following the completion of the transaction, the chief executive officer now directly owns 1,220,619 shares in the company, valued at approximately $10,985,571. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

In other Oclaro news, insider Thomas Gordon Beck Mason sold 32,352 shares of the stock in a transaction dated Tuesday, May 16th. The total dollar value of all 181.64 million outstanding shares is 1.58 billion. Axa owns 357,700 shares valued at $3,341,000. The disclosure for this sale can be found here. The fund owned 122,862 shares of the semiconductor company's stock after selling 8,529 shares during the period.

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