Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 348 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
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.
Shares of Acacia Communications, Inc. (NASDAQ ACIA) traded up $0.87 during midday trading on Friday, hitting $38.44. 290,900 shares of the company traded hands, compared to its average volume of 372,100. Acacia Communications, Inc. has a 12-month low of $35.36 and a 12-month high of $69.57. The firm has a market capitalization of $1,490.00 and a PE ratio of 12.99.
Acacia Communications (NASDAQ:ACIA) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.11. Acacia Communications had a net margin of 27.98% and a return on equity of 25.29%. The firm had revenue of $105.00 million during the quarter, compared to analysts’ expectations of $104.35 million. During the same quarter last year, the business earned $1.01 earnings per share. The business’s revenue for the quarter was down 22.4% compared to the same quarter last year. sell-side analysts predict that Acacia Communications, Inc. will post 1.15 earnings per share for the current year.
ACIA has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Acacia Communications in a research note on Monday, October 23rd. Zacks Investment Research cut shares of Acacia Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 8th. William Blair restated a “buy” rating on shares of Acacia Communications in a research note on Tuesday, December 5th. MKM Partners reduced their target price on shares of Acacia Communications from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Finally, B. Riley upgraded shares of Acacia Communications from a “neutral” rating to a “buy” rating and raised their price objective for the company from $44.00 to $49.00 in a research note 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 assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.50.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new stake in shares of Acacia Communications in the third quarter valued at about $3,358,000. Magnetar Financial LLC acquired a new position in Acacia Communications during the third quarter worth about $238,000. Stifel Financial Corp acquired a new position in Acacia Communications during the third quarter worth about $218,000. Dimensional Fund Advisors LP acquired a new position in Acacia Communications during the third quarter worth about $1,857,000. Finally, Wells Fargo & Company MN raised its position in Acacia Communications by 5.3% during the third quarter. Wells Fargo & Company MN now owns 36,468 shares of the technology company’s stock worth $1,717,000 after acquiring an additional 1,839 shares during the last quarter. Hedge funds and other institutional investors own 91.49% of the company’s stock.
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.
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