Francis J. Murphy Sells 296 Shares of Acacia Communications (ACIA) Stock

Acacia Communications (NASDAQ:ACIA) insider Francis J. Murphy sold 296 shares of the company’s stock in a transaction dated Monday, April 9th. The shares were sold at an average price of $36.03, for a total value of $10,664.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Francis J. Murphy also recently made the following trade(s):

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  • On Monday, March 19th, Francis J. Murphy sold 278 shares of Acacia Communications stock. The stock was sold at an average price of $42.06, for a total value of $11,692.68.
  • On Friday, March 9th, Francis J. Murphy sold 7,821 shares of Acacia Communications stock. The stock was sold at an average price of $40.00, for a total value of $312,840.00.
  • On Monday, January 22nd, Francis J. Murphy sold 436 shares of Acacia Communications stock. The stock was sold at an average price of $36.75, for a total value of $16,023.00.

Shares of ACIA stock traded up $1.72 during trading hours on Tuesday, reaching $37.03. 278,725 shares of the company’s stock were exchanged, compared to its average volume of 516,212. The company has a market cap of $1,437.87, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 6.25 and a beta of 0.88. Acacia Communications has a 1 year low of $33.68 and a 1 year high of $56.38.

Acacia Communications (NASDAQ:ACIA) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $86.60 million during the quarter, compared to the consensus estimate of $88.41 million. Acacia Communications had a return on equity of 12.40% and a net margin of 10.00%. The company’s revenue for the quarter was down 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. analysts expect that Acacia Communications will post 0.28 earnings per share for the current year.

A number of research firms have weighed in on ACIA. Piper Jaffray began coverage on Acacia Communications in a research report on Tuesday, February 13th. They set an “overweight” rating and a $43.00 price objective for the company. Northland Securities set a $42.00 price objective on Acacia Communications and gave the stock a “buy” rating in a research report on Monday, January 29th. Loop Capital began coverage on Acacia Communications in a research report on Monday, January 29th. They set a “buy” rating and a $50.00 price objective for the company. DA Davidson cut Acacia Communications from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $48.00 to $38.00 in a research report on Friday, February 23rd. Finally, Morgan Stanley set a $37.00 price objective on Acacia Communications and gave the stock a “hold” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.82.

Several hedge funds have recently modified their holdings of ACIA. First Trust Advisors LP purchased a new position in shares of Acacia Communications during the 3rd quarter worth approximately $201,000. Bank of New York Mellon Corp raised its stake in shares of Acacia Communications by 14.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 91,286 shares of the technology company’s stock worth $4,300,000 after buying an additional 11,526 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Acacia Communications by 117.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 93,009 shares of the technology company’s stock worth $4,379,000 after buying an additional 50,195 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Acacia Communications during the 3rd quarter worth approximately $4,386,000. Finally, Wells Fargo & Company MN raised its stake in shares of Acacia Communications by 5.3% during the 3rd quarter. Wells Fargo & Company MN now owns 36,468 shares of the technology company’s stock worth $1,717,000 after buying an additional 1,839 shares in the last quarter. 62.41% of the stock is owned by institutional investors and hedge funds.

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Acacia Communications Company Profile

Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Its products include a series of low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets.

Insider Buying and Selling by Quarter for Acacia Communications (NASDAQ:ACIA)

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