Acacia Communications, Inc. (NASDAQ:ACIA) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 1,249 put options on the company. This is an increase of approximately 773% compared to the average volume of 143 put options.

Acacia Communications (ACIA) opened at $38.54 on Friday. The stock has a market cap of $1,520.00 and a PE ratio of 13.02. Acacia Communications has a 52-week low of $35.36 and a 52-week high of $69.57.

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

In related news, insider Francis J. Murphy sold 598 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $44.32, for a total transaction of $26,503.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Mehrdad Givehchi sold 48,722 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $36.80, for a total transaction of $1,792,969.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,957 shares of company stock worth $2,331,922. 37.10% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP acquired a new position in shares of Acacia Communications in the third quarter valued at approximately $201,000. Stifel Financial Corp acquired a new position in shares of Acacia Communications in the third quarter valued at approximately $218,000. Pitcairn Co. acquired a new position in shares of Acacia Communications in the third quarter valued at approximately $216,000. Commonwealth Equity Services Inc acquired a new position in shares of Acacia Communications in the third quarter valued at approximately $232,000. Finally, Magnetar Financial LLC acquired a new position in shares of Acacia Communications in the third quarter valued at approximately $238,000. Institutional investors own 91.49% of the company’s stock.

A number of research firms recently commented on ACIA. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Acacia Communications in a report on Monday, October 23rd. William Blair began coverage on shares of Acacia Communications in a research report on Tuesday, October 31st. They set a “buy” rating for the company. AltaCorp Capital upgraded shares of Acacia Communications from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Acacia Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. Finally, B. Riley upgraded shares of Acacia Communications from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $49.00 in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $50.50.

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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.

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