Oclaro Inc (OCLR) EVP Sells $160,006.42 in Stock
Oclaro Inc (NASDAQ:OCLR) EVP David Teichmann sold 24,962 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $6.41, for a total transaction of $160,006.42. Following the completion of the sale, the executive vice president now directly owns 349,305 shares of the company’s stock, valued at $2,239,045.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Oclaro Inc (OCLR) traded up $0.19 during trading hours on Tuesday, hitting $6.60. 2,159,609 shares of the stock were exchanged, compared to its average volume of 5,530,000. The company has a market cap of $1,110.00, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.14. Oclaro Inc has a one year low of $5.61 and a one year high of $11.30.
Oclaro (NASDAQ:OCLR) last released its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $139.30 million during the quarter, compared to the consensus estimate of $138.83 million. Oclaro had a net margin of 23.00% and a return on equity of 23.17%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. equities research analysts anticipate that Oclaro Inc will post 0.44 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Shelton Capital Management bought a new position in shares of Oclaro during the 2nd quarter worth about $117,000. Everence Capital Management Inc. bought a new position in shares of Oclaro during the 3rd quarter worth about $110,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Oclaro by 53.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 5,057 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Oclaro by 28.3% during the 2nd quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 3,650 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of Oclaro during the 2nd quarter worth about $157,000. 70.76% of the stock is owned by institutional investors.
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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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