Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 833 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $48.00, for a total transaction of $39,984.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, August 8th, Francis J. Murphy sold 8,380 shares of Acacia Communications stock. The shares were sold at an average price of $48.00, for a total transaction of $402,240.00.
  • On Monday, July 24th, Francis J. Murphy sold 410 shares of Acacia Communications stock. The shares were sold at an average price of $43.47, for a total transaction of $17,822.70.
  • On Monday, July 3rd, Francis J. Murphy sold 305 shares of Acacia Communications stock. The shares were sold at an average price of $41.53, for a total transaction of $12,666.65.

Shares of Acacia Communications, Inc. (NASDAQ ACIA) traded up 1.50% during mid-day trading on Thursday, hitting $48.83. 503,011 shares of the stock were exchanged. The stock’s 50 day moving average is $43.82 and its 200-day moving average is $49.08. The stock has a market cap of $1.92 billion, a PE ratio of 16.70 and a beta of 3.79. Acacia Communications, Inc. has a 12 month low of $38.50 and a 12 month high of $128.73.

Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.08. The business had revenue of $78.90 million for the quarter, compared to analyst estimates of $78.17 million. Acacia Communications had a return on equity of 34.46% and a net margin of 29.65%. The company’s revenue was down 32.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. On average, analysts anticipate that Acacia Communications, Inc. will post $1.88 EPS for the current year.

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Several equities analysts recently commented on ACIA shares. Morgan Stanley cut shares of Acacia Communications from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $70.00 to $45.00 in a research note on Thursday, May 11th. Needham & Company LLC reaffirmed 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 reaffirmed a “buy” rating on shares of Acacia Communications in a research note on Thursday, June 15th. Northland Securities set a $50.00 price target on shares of Acacia Communications and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Finally, Cowen and Company reissued an “outperform” rating and issued a $57.00 price target (down previously from $66.00) on shares of Acacia Communications in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.89.

A number of large investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its stake in Acacia Communications by 42.0% in the first quarter. Mutual of America Capital Management LLC now owns 38,915 shares of the technology company’s stock valued at $2,281,000 after buying an additional 11,515 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of Acacia Communications by 320.6% in the first quarter. Thompson Davis & CO. Inc. now owns 6,625 shares of the technology company’s stock valued at $388,000 after buying an additional 5,050 shares during the last quarter. State of Wisconsin Investment Board acquired a new position in shares of Acacia Communications during the first quarter valued at $3,810,000. Parametric Portfolio Associates LLC acquired a new position in shares of Acacia Communications during the first quarter valued at $391,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Acacia Communications during the first quarter valued at $2,140,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

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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