Gilder Gagnon Howe & Co. LLC boosted its position in shares of Acacia Communications, Inc. (NASDAQ:ACIA) by 9.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,405,876 shares of the technology company’s stock after acquiring an additional 118,621 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 3.57% of Acacia Communications worth $66,217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Alps Advisors Inc. boosted its holdings in Acacia Communications by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,357 shares of the technology company’s stock valued at $388,000 after acquiring an additional 24 shares during the period. American International Group Inc. boosted its stake in shares of Acacia Communications by 7.1% in the 1st quarter. American International Group Inc. now owns 3,225 shares of the technology company’s stock valued at $189,000 after buying an additional 215 shares during the period. Princeton Capital Management Inc. boosted its stake in shares of Acacia Communications by 1.3% in the 2nd quarter. Princeton Capital Management Inc. now owns 29,008 shares of the technology company’s stock valued at $1,203,000 after buying an additional 364 shares during the period. Winfield Associates Inc. boosted its stake in shares of Acacia Communications by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 7,105 shares of the technology company’s stock valued at $295,000 after buying an additional 400 shares during the period. Finally, Tealwood Asset Management Inc. boosted its stake in shares of Acacia Communications by 1.8% in the 2nd quarter. Tealwood Asset Management Inc. now owns 33,350 shares of the technology company’s stock valued at $1,383,000 after buying an additional 575 shares during the period. Institutional investors own 84.32% of the company’s stock.

Acacia Communications, Inc. (NASDAQ ACIA) traded up $0.49 during trading hours on Monday, hitting $36.60. The stock had a trading volume of 270,018 shares, compared to its average volume of 1,094,708. The firm has a market capitalization of $1,421.92, a price-to-earnings ratio of 12.45, a P/E/G ratio of 2.09 and a beta of 2.85. Acacia Communications, Inc. has a 1-year low of $35.55 and a 1-year high of $79.38.

Acacia Communications (NASDAQ:ACIA) last released its earnings results on Thursday, November 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $105.00 million for the quarter, compared to analyst estimates of $104.35 million. Acacia Communications had a return on equity of 25.29% and a net margin of 27.98%. The company’s revenue for the quarter was down 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. research analysts expect that Acacia Communications, Inc. will post 1.15 earnings per share for the current year.

Several brokerages have recently issued reports on ACIA. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Acacia Communications in a research note on Monday, October 23rd. William Blair initiated coverage on Acacia Communications in a research note on Tuesday, October 31st. They set a “buy” rating for the company. Northland Securities set a $50.00 target price on Acacia Communications and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Zacks Investment Research cut Acacia Communications from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, AltaCorp Capital upgraded Acacia Communications from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.50.

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In related news, insider Francis J. Murphy sold 833 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $48.00, for a total transaction of $39,984.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Bhupendra C. Shah sold 8,300 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $44.59, for a total value of $370,097.00. The disclosure for this sale can be found here. In the last three months, insiders sold 18,469 shares of company stock worth $854,247. Corporate insiders own 37.10% 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.

Institutional Ownership by Quarter for Acacia Communications (NASDAQ:ACIA)

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