Kopp Investment Advisors buys $75,907,153 stake in Oclaro (OCLR)

Oclaro (OCLR) : Kopp Investment Advisors scooped up 467,170 additional shares in Oclaro during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 11,097,537 shares of Oclaro which is valued at $75,907,153.Oclaro makes up approximately 34.42% of Kopp Investment Advisors’s portfolio.

Other Hedge Funds, Including , G2 Investment Partners Management added OCLR to its portfolio by purchasing 327,145 company shares during the most recent quarter which is valued at $2,237,672. Oclaro makes up approx 1.10% of G2 Investment Partners Management’s portfolio.Thrivent Financial For Lutherans boosted its stake in OCLR in the latest quarter, The investment management firm added 457,500 additional shares and now holds a total of 863,100 shares of Oclaro which is valued at $5,903,604. Oclaro makes up approx 0.03% of Thrivent Financial For Lutherans’s portfolio.Kennedy Capital Management boosted its stake in OCLR in the latest quarter, The investment management firm added 38,218 additional shares and now holds a total of 1,015,755 shares of Oclaro which is valued at $6,947,764. Oclaro makes up approx 0.13% of Kennedy Capital Management’s portfolio. Apriem Advisors added OCLR to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $6,840. Marvin Palmer Associates Inc added OCLR to its portfolio by purchasing 610,000 company shares during the most recent quarter which is valued at $4,172,400. Oclaro makes up approx 4.94% of Marvin Palmer Associates Inc’s portfolio.

Oclaro opened for trading at $8 and hit $8.24 on the upside on Thursday, eventually ending the session at $8.13, with a gain of 3.17% or 0.25 points. The heightened volatility saw the trading volume jump to 57,23,229 shares. Company has a market cap of $1,202 M.

On the company’s financial health, Oclaro reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.06. The company had revenue of $125.18 million for the quarter, compared to analysts expectations of $119.62 million. The company’s revenue was up 52.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Many Wall Street Analysts have commented on Oclaro. Company shares were Reiterated by Stifel on Sep 6, 2016 to “Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $7.50 .Company shares were Reiterated by Needham on Aug 30, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $8 .Company shares were Reiterated by MKM Partners on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 8 from a previous price target of $7 .

Oclaro Inc. is a provider of optical components modules and subsystems for the optical transport service provider enterprise and data center markets. The Company supplies optical network technology to telecommunication and data communication equipment companies across the world. The Company designs manufactures and markets optical components modules and subsystems that generate detect combine and separate light signals in optical communications networks. Its product offerings include client side transceivers line side transceivers tunable laser transmitters lithium niobate modulators transponder modules and receivers. The Company supplies optical products including tunable lasers external modulators integrated lasers and modulators and receivers. The Company also supplies products at the module and subsystem levels including transceivers transponders and controlled subsystems.

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