Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 598 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $44.32, for a total value of $26,503.36. The sale was disclosed in a legal filing with the SEC, which is available at 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 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.

Acacia Communications, Inc. (NASDAQ ACIA) traded down 1.96% during trading on Wednesday, hitting $43.95. The stock had a trading volume of 287,795 shares. The company’s 50 day moving average is $46.12 and its 200 day moving average is $46.12. The firm has a market cap of $1.72 billion, a PE ratio of 15.03 and a beta of 3.27. Acacia Communications, Inc. has a 52-week low of $38.50 and a 52-week high of $89.98.

Acacia Communications (NASDAQ:ACIA) last released its earnings results on Thursday, August 3rd. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. Acacia Communications had a return on equity of 34.46% and a net margin of 29.65%. The firm had revenue of $78.90 million for the quarter, compared to the consensus estimate of $78.17 million. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s revenue was down 32.0% on a year-over-year basis. Equities research analysts forecast that Acacia Communications, Inc. will post $1.85 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. increased its position 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 acquiring an additional 215 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Acacia Communications in the 1st quarter valued at $234,000. First Trust Advisors LP acquired a new position in shares of Acacia Communications in the 3rd quarter valued at $201,000. Carl Domino Inc increased its position in shares of Acacia Communications by 22.2% in 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 during the period. Finally, Koshinski Asset Management Inc. increased its position in shares of Acacia Communications by 75.2% in the 2nd quarter. Koshinski Asset Management Inc. now owns 6,150 shares of the technology company’s stock valued at $255,000 after acquiring an additional 2,640 shares during the period. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

ACIA has been the topic of several recent analyst reports. ValuEngine downgraded Acacia Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. B. Riley reiterated a “neutral” rating and set a $44.50 target price on shares of Acacia Communications in a research note on Monday, July 17th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price (down from $65.00) on shares of Acacia Communications in a research note on Monday, July 17th. William Blair reiterated an “outperform” rating on shares of Acacia Communications in a research note on Monday, July 17th. Finally, Cowen and Company reiterated an “outperform” rating and set a $57.00 target price (down from $66.00) on shares of Acacia Communications in a research note on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $53.25.

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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