Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 305 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $41.53, for a total transaction of $12,666.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Monday, April 24th, Francis J. Murphy sold 400 shares of Acacia Communications stock. The stock was sold at an average price of $52.91, for a total transaction of $21,164.00.

Shares of Acacia Communications, Inc. (NASDAQ ACIA) traded down 6.30% on Friday, reaching $39.00. 3,575,475 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.51 billion, a P/E ratio of 11.48 and a beta of 3.81. The firm has a 50 day moving average of $45.72 and a 200 day moving average of $54.39. Acacia Communications, Inc. has a one year low of $38.75 and a one year high of $128.73.

Acacia Communications (NASDAQ:ACIA) last released its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.34. Acacia Communications had a net margin of 30.02% and a return on equity of 43.80%. The company had revenue of $114.67 million for the quarter, compared to analysts’ expectations of $112.46 million. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 35.7% on a year-over-year basis. On average, equities research analysts predict that Acacia Communications, Inc. will post $2.19 EPS for the current year.

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ACIA has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Acacia Communications from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, April 26th. Morgan Stanley lowered shares of Acacia Communications from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $70.00 to $45.00 in a research note on Thursday, May 11th. Needham & Company LLC reiterated a “buy” rating and set a $65.00 price objective (down previously from $100.00) on shares of Acacia Communications in a research note on Wednesday, May 10th. William Blair reiterated a “buy” rating on shares of Acacia Communications in a research note on Thursday, June 15th. Finally, DA Davidson initiated coverage on shares of Acacia Communications in a research note on Thursday, June 22nd. They set a “buy” rating and a $61.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Acacia Communications presently has a consensus rating of “Buy” and a consensus price target of $65.11.

A number of hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Acacia Communications by 7.1% in the first quarter. American International Group Inc. now owns 3,225 shares of the technology company’s stock worth $189,000 after buying an additional 215 shares during the last quarter. First American Bank bought a new stake in Acacia Communications during the first quarter worth $203,000. Koshinski Asset Management Inc. bought a new stake in Acacia Communications during the first quarter worth $206,000. GSA Capital Partners LLP bought a new stake in Acacia Communications during the fourth quarter worth $209,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Acacia Communications during the first quarter worth $234,000. 89.96% of the stock is currently owned by institutional investors.

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.

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

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