Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 438 shares of Acacia Communications stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $47.58, for a total value of $20,840.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was 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 stock was 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 stock was sold at an average price of $43.47, for a total value of $17,822.70.

Shares of Acacia Communications, Inc. (NASDAQ:ACIA) traded down 1.66% on Wednesday, hitting $47.46. The stock had a trading volume of 392,236 shares. The firm has a 50 day moving average price of $46.33 and a 200 day moving average price of $46.33. Acacia Communications, Inc. has a one year low of $44.00 and a one year high of $116.50. The company has a market capitalization of $1.86 billion, a P/E ratio of 16.23 and a beta of 3.27.

Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.08. The business had revenue of $78.90 million for the quarter, compared to the consensus estimate of $78.17 million. Acacia Communications had a return on equity of 3.88% and a net margin of 5.91%. The firm’s revenue was down 32.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. On average, equities research analysts predict that Acacia Communications, Inc. will post $1.88 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on ACIA. Northland Securities set a $50.00 target price on Acacia Communications and gave the stock a “buy” rating in a report on Saturday, July 22nd. Zacks Investment Research downgraded Acacia Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target (down previously from $65.00) on shares of Acacia Communications in a report on Monday, July 17th. Cowen and Company reiterated an “outperform” rating and set a $57.00 price target (down previously from $66.00) on shares of Acacia Communications in a report on Monday, July 17th. Finally, B. Riley reiterated a “neutral” rating and set a $44.00 price target on shares of Acacia Communications in a report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.63.

A number of institutional investors have recently modified their holdings of the stock. Koch Industries Inc. raised its stake in Acacia Communications by 9,918.7% during the 2nd quarter. Koch Industries Inc. now owns 522,678 shares of the technology company’s stock worth $510,000 after buying an additional 517,461 shares during the period. California State Teachers Retirement System raised its stake in Acacia Communications by 218.9% during the 2nd quarter. California State Teachers Retirement System now owns 32,780 shares of the technology company’s stock worth $1,359,000 after buying an additional 22,500 shares during the period. State Street Corp raised its stake in Acacia Communications by 199.1% during the 2nd quarter. State Street Corp now owns 357,946 shares of the technology company’s stock worth $14,844,000 after buying an additional 238,270 shares during the period. Royal Bank of Canada raised its stake in Acacia Communications by 12.1% during the 2nd quarter. Royal Bank of Canada now owns 13,966 shares of the technology company’s stock worth $579,000 after buying an additional 1,511 shares during the period. Finally, Capital Research Global Investors raised its stake in Acacia Communications by 47.6% during the 2nd quarter. Capital Research Global Investors now owns 3,351,605 shares of the technology company’s stock worth $138,991,000 after buying an additional 1,080,126 shares during the period. 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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