LSV Asset Management lessened its holdings in Oclaro Inc (NASDAQ:OCLR) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 696,585 shares of the semiconductor company’s stock after selling 23,600 shares during the period. LSV Asset Management’s holdings in Oclaro were worth $6,227,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. increased its position in Oclaro by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,328,416 shares of the semiconductor company’s stock valued at $12,699,000 after purchasing an additional 46,205 shares during the period. ARP Americas LP boosted its holdings in shares of Oclaro by 6.6% during the 2nd quarter. ARP Americas LP now owns 188,141 shares of the semiconductor company’s stock worth $1,680,000 after buying an additional 11,594 shares in the last quarter. Supplemental Annuity Collective Trust of NJ bought a new position in shares of Oclaro during the 2nd quarter worth approximately $536,000. New Jersey Better Educational Savings Trust bought a new position in shares of Oclaro during the 2nd quarter worth approximately $179,000. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Oclaro by 23.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the semiconductor company’s stock worth $14,288,000 after buying an additional 300,000 shares in the last quarter. Hedge funds and other institutional investors own 71.09% of the company’s stock.
Shares of OCLR opened at $7.75 on Friday. Oclaro Inc has a 12-month low of $5.61 and a 12-month high of $10.20. The firm has a market capitalization of $1.29 billion, a P/E ratio of 21.54, a PEG ratio of 1.24 and a beta of 0.61.
OCLR has been the topic of a number of research analyst reports. BidaskClub cut Oclaro from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. ValuEngine upgraded Oclaro from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Finally, Zacks Investment Research cut Oclaro from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.48.
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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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