Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 348 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $36.89, for a total transaction of $12,837.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Francis J. Murphy also recently made the following trade(s):
- On Monday, October 23rd, Francis J. Murphy sold 598 shares of Acacia Communications stock. The stock was sold at an average price of $44.32, for a total transaction of $26,503.36.
Shares of Acacia Communications, Inc. (NASDAQ:ACIA) traded up $1.27 on Thursday, reaching $39.73. 657,484 shares of the company were exchanged, compared to its average volume of 370,208. The firm has a market capitalization of $1,560.00 and a P/E ratio of 13.42. Acacia Communications, Inc. has a fifty-two week low of $35.36 and a fifty-two week high of $69.57.
Acacia Communications (NASDAQ:ACIA) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $105.00 million for the quarter, compared to the consensus estimate of $104.35 million. Acacia Communications had a net margin of 27.98% and a return on equity of 25.29%. The firm’s revenue for the quarter was down 22.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. analysts anticipate that Acacia Communications, Inc. will post 1.15 EPS for the current year.
A number of analysts have recently issued reports on ACIA shares. MKM Partners started coverage on shares of Acacia Communications in a report on Tuesday, September 19th. They issued a “buy” rating and a $64.00 price objective on the stock. Zacks Investment Research upgraded shares of Acacia Communications from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Acacia Communications in a report on Monday, October 23rd. William Blair started coverage on shares of Acacia Communications in a report on Tuesday, October 31st. They issued a “buy” rating on the stock. Finally, B. Riley upgraded shares of Acacia Communications from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $49.00 in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $50.50.
A number of institutional investors and hedge funds have recently modified their holdings of ACIA. Russell Investments Group Ltd. increased its holdings in Acacia Communications by 37.0% during the second quarter. Russell Investments Group Ltd. now owns 42,814 shares of the technology company’s stock worth $1,775,000 after buying an additional 11,554 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Acacia Communications by 40.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 84,711 shares of the technology company’s stock worth $3,513,000 after buying an additional 24,282 shares during the last quarter. Rhumbline Advisers increased its holdings in Acacia Communications by 242.7% during the second quarter. Rhumbline Advisers now owns 20,583 shares of the technology company’s stock worth $854,000 after buying an additional 14,577 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Acacia Communications by 112.5% during the second quarter. Bank of New York Mellon Corp now owns 79,760 shares of the technology company’s stock worth $3,307,000 after buying an additional 42,232 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Acacia Communications by 319.5% during the second quarter. Legal & General Group Plc now owns 6,503 shares of the technology company’s stock worth $269,000 after buying an additional 4,953 shares during the last quarter. Institutional investors and hedge funds own 91.49% of the company’s stock.
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Acacia Communications Company Profile
Acacia Communications, Inc provides high-speed coherent interconnect products. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs), and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets.
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