Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 438 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.58, for a total value of $20,840.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, August 29th, Francis J. Murphy sold 833 shares of Acacia Communications stock. The shares were sold at an average price of $48.00, for a total value of $39,984.00.
  • 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 value 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 value of $17,822.70.

Shares of Acacia Communications, Inc. (ACIA) traded up 3.52% on Friday, hitting $47.95. The stock had a trading volume of 206,013 shares. The firm has a 50 day moving average of $46.39 and a 200-day moving average of $46.39. Acacia Communications, Inc. has a 1-year low of $44.00 and a 1-year high of $104.80. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 16.40 and a beta of 3.27.

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

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A number of research firms have commented on ACIA. B. Riley reiterated a “neutral” rating and issued a $44.50 price target on shares of Acacia Communications in a research report on Saturday, July 22nd. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Acacia Communications in a research note on Friday, August 4th. MKM Partners dropped their price objective on Acacia Communications from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Thursday. William Blair reissued a “buy” rating on shares of Acacia Communications in a research note on Thursday, June 15th. Finally, Cowen and Company reissued a “buy” rating and issued a $55.00 price objective (down from $57.00) on shares of Acacia Communications in a research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $53.25.

Institutional investors have recently bought and sold shares of the business. American International Group Inc. boosted its position in Acacia Communications by 7.1% during the 1st quarter. American International Group Inc. now owns 3,225 shares of the technology company’s stock valued at $189,000 after acquiring an additional 215 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Acacia Communications during the 1st quarter valued at approximately $234,000. Cipher Capital LP bought a new stake in Acacia Communications during the 1st quarter valued at approximately $249,000. Koch Industries Inc. bought a new stake in Acacia Communications during the 1st quarter valued at approximately $306,000. Finally, Carl Domino Inc boosted its position in Acacia Communications by 22.2% during the 2nd quarter. Carl Domino Inc now owns 5,500 shares of the technology company’s stock valued at $228,000 after acquiring an additional 1,000 shares in the last quarter. 81.84% of the stock is currently owned by institutional investors and hedge funds.

About Acacia Communications

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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