Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 7,821 shares of Acacia Communications stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $40.00, for a total value of $312,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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  • 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.
  • On Wednesday, January 3rd, Francis J. Murphy sold 348 shares of Acacia Communications stock. The shares were sold at an average price of $36.89, for a total value of $12,837.72.

Shares of Acacia Communications, Inc. (NASDAQ:ACIA) opened at $44.44 on Wednesday. The stock has a market capitalization of $1,787.48, a P/E ratio of 49.93, a PEG ratio of 7.81 and a beta of 0.92. Acacia Communications, Inc. has a 1 year low of $33.68 and a 1 year high of $61.15.

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

A number of large investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new stake in Acacia Communications in the fourth quarter valued at $321,000. Element Capital Management LLC bought a new stake in Acacia Communications in the fourth quarter valued at $3,571,000. Stone Ridge Asset Management LLC bought a new stake in Acacia Communications in the fourth quarter valued at $239,000. Guggenheim Capital LLC grew its position in Acacia Communications by 6.4% in the fourth quarter. Guggenheim Capital LLC now owns 26,818 shares of the technology company’s stock valued at $973,000 after acquiring an additional 1,622 shares during the period. Finally, Deutsche Bank AG grew its position in Acacia Communications by 11.9% in the fourth quarter. Deutsche Bank AG now owns 145,797 shares of the technology company’s stock valued at $5,281,000 after acquiring an additional 15,546 shares during the period. Hedge funds and other institutional investors own 89.22% of the company’s stock.

A number of analysts have recently issued reports on ACIA shares. William Blair restated a “buy” rating on shares of Acacia Communications in a research report on Tuesday, December 5th. Loop Capital started coverage on Acacia Communications in a research report on Monday, January 29th. They set a “buy” rating and a $50.00 price objective on the stock. Northland Securities set a $42.00 price objective on Acacia Communications and gave the company a “buy” rating in a research report on Monday, January 29th. UBS Group started coverage on Acacia Communications in a research report on Wednesday, January 31st. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Piper Jaffray Companies started coverage on Acacia Communications in a research report on Tuesday, February 13th. They set an “overweight” rating and a $43.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.09.

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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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