Acacia Communications, Inc. (ACIA) Insider Francis J. Murphy Sells 348 Shares

Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 348 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $36.89, for a total transaction of $12,837.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, October 23rd, Francis J. Murphy sold 598 shares of Acacia Communications stock. The stock was sold at an average price of $44.32, for a total transaction of $26,503.36.

Acacia Communications, Inc. (ACIA) traded up $1.27 during midday trading on Friday, reaching $39.73. 657,800 shares of the company were exchanged, compared to its average volume of 370,200. The company has a market capitalization of $1,570.00 and a PE ratio of 13.42. Acacia Communications, Inc. has a twelve month low of $35.36 and a twelve month high of $69.57.

Acacia Communications (NASDAQ:ACIA) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.46 earnings per share 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 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 revenue for the quarter was down 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. research analysts forecast that Acacia Communications, Inc. will post 1.15 EPS for the current fiscal year.

Several research analysts have recently issued reports on ACIA shares. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Acacia Communications in a report on Monday, October 23rd. AltaCorp Capital upgraded shares of Acacia Communications from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Acacia Communications from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 8th. Cowen upgraded shares of Acacia Communications to an “outperform” rating and dropped their price objective for the stock from $55.00 to $41.00 in a report on Friday, November 3rd. Finally, B. Riley upgraded shares of Acacia Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $49.00 in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Acacia Communications presently has a consensus rating of “Buy” and a consensus target price of $50.50.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Koch Industries Inc. boosted its position in Acacia Communications by 9,918.7% in the second quarter. Koch Industries Inc. now owns 522,678 shares of the technology company’s stock valued at $510,000 after buying an additional 517,461 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Acacia Communications in the third quarter valued at about $3,358,000. Bank of New York Mellon Corp boosted its position in Acacia Communications by 14.5% in the third quarter. Bank of New York Mellon Corp now owns 91,286 shares of the technology company’s stock valued at $4,300,000 after buying an additional 11,526 shares in the last quarter. Oak Ridge Investments LLC acquired a new position in Acacia Communications in the third quarter valued at about $12,992,000. Finally, Engineers Gate Manager LP acquired a new position in Acacia Communications in the second quarter valued at about $1,013,000. 91.49% of the stock is currently owned by institutional investors and hedge funds.

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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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