Geode Capital Management LLC Acquires 251717 Shares of Oclaro, Inc. (NASDAQ:OCLR)

Oclaro Inc

The fund owned 122,862 shares of the semiconductor company's stock after selling 8,529 shares during the period.

Want to see what other hedge funds are holding OCLR? The value of the company's investment in Oclaro, Inc. went from $32,969,000 to $7,652,000 a change of 76.8% quarter to quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Oclaro during the first quarter worth approximately $16,130,000. Teachers Advisors LLC now owns 5,129,019 shares of the semiconductor company's stock worth $50,367,000 after buying an additional 4,369,074 shares in the last quarter. Metropolitan Life Insurance Co.

Louisiana State Employees Retirement System acquired a new position in Oclaro, Inc. The insider now directly owns 56,225 shares worth $467,792. California Public Employees Retirement System boosted its stake in shares of Oclaro by 1.7% in the first quarter. Finally, Fifth Third Bancorp purchased a new stake in Oclaro during the first quarter worth approximately $592,000. The firm owned 1,748,865 shares of the semiconductor company's stock after buying an additional 251,717 shares during the period.

The PEG ratio for Oclaro, now 1.23. The company has a market cap of $1.40 billion, a PE ratio of 10.90 and a beta of 1.55. Stock's twelve month price oscillated between $11.30 and $6.11. However the price at the close of last session was -9.70% lower than its 50-day moving average and -4.96% under its 200-day moving average.

Oclaro (NASDAQ:OCLR) last posted its earnings results on Wednesday, August 2nd. For the outlook of the current financial quarter, Analysts think the firm will post 0.16 earnings per share.

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. Oclaro had a return on equity of 27.63% and a net margin of 21.28%. Oclaro's revenue was up 19.3% compared to the same quarter past year. On average, equities analysts expect that Oclaro will post $0.74 earnings per share for the current fiscal year. TerraVia Holdings, Inc. (TVIA) maintained activity of 4.31 million shares that trade hands on average basis while its relative volume is 5.77. "(OCLR)" was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was copied illegally and reposted in violation of worldwide trademark and copyright laws. Portolan Capital Management Llc acquired 351,156 shares as Oclaro Inc. Analysts reported their respective ratings recommendation for TVIA. They set a "buy" rating and a $12.00 price target on the stock. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Needham & Company LLC reiterated a strong-buy rating and set a $14.00 target price on shares of Oclaro in a report on Thursday, August 3rd. Cowen and Company reissued an "outperform" rating and issued a $14.00 target price (up from $13.00) on shares of Oclaro in a research report on Thursday, August 3rd.

On June 23 analysts at DA Davidson starting coverage on the stock giving it an initial rating of "Buy". The third largest holder is Blackrock Inc., which now holds $66.48 million worth of this stock and that ownership represents almost 4.4% of its market capitalization. It increased, as 0 investors sold Blackrock New York Municipal 2018 Term T shares while 1 reduced holdings. Following the sale, the executive vice president now directly owns 183,460 shares in the company, valued at $1,682,328.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. During the previous day stock price stayed within the range of $8.66 and $9.33. Insiders have sold a total of 82,419 shares of company stock valued at $745,338 over the last quarter. The disclosure for this sale can be found here. During the past three months the stock slid -2.8%, bringing six months performance to -8.24%. The Firm 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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