Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 2,869 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $60.16, for a total transaction of $172,599.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Francis J. Murphy also recently made the following trade(s):
- On Monday, January 30th, Francis J. Murphy sold 1,608 shares of Acacia Communications stock. The stock was sold at an average price of $60.67, for a total transaction of $97,557.36.
- On Monday, January 9th, Francis J. Murphy sold 17,157 shares of Acacia Communications stock. The stock was sold at an average price of $60.43, for a total transaction of $1,036,797.51.
Shares of Acacia Communications, Inc. (NASDAQ:ACIA) traded up 2.34% on Thursday, reaching $53.37. 474,577 shares of the company traded hands. The firm has a 50-day moving average price of $54.53 and a 200 day moving average price of $66.16. Acacia Communications, Inc. has a one year low of $27.05 and a one year high of $128.73. The company has a market capitalization of $2.05 billion and a PE ratio of 16.57.
Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.04. The company had revenue of $142.40 million for the quarter, compared to the consensus estimate of $139.72 million. Acacia Communications had a net margin of 22.18% and a return on equity of 69.87%. The firm’s revenue for the quarter was up 107.9% compared to the same quarter last year. Equities analysts forecast that Acacia Communications, Inc. will post $3.31 EPS for the current fiscal year.
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Several equities research analysts have recently issued reports on the stock. B. Riley assumed coverage on shares of Acacia Communications in a research report on Monday, April 10th. They set a “neutral” rating and a $60.00 price objective for the company. William Blair reissued an “outperform” rating on shares of Acacia Communications in a research report on Friday, February 24th. Needham & Company LLC lowered their price objective on shares of Acacia Communications from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, February 24th. Cowen and Company reissued an “outperform” rating and set a $115.00 price objective on shares of Acacia Communications in a research report on Wednesday, February 22nd. Finally, Morgan Stanley raised shares of Acacia Communications from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $54.99 to $80.00 in a research report on Thursday, February 2nd. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Acacia Communications presently has an average rating of “Buy” and a consensus price target of $91.88.
Several institutional investors have recently modified their holdings of ACIA. Macquarie Group Ltd. bought a new position in shares of Acacia Communications during the second quarter worth $5,055,000. Geneva Advisors LLC increased its position in shares of Acacia Communications by 164.2% in the third quarter. Geneva Advisors LLC now owns 19,285 shares of the technology company’s stock worth $1,992,000 after buying an additional 11,985 shares during the period. Deane Retirement Strategies Inc. bought a new position in shares of Acacia Communications during the first quarter worth $1,573,000. FMR LLC increased its position in shares of Acacia Communications by 145.3% in the fourth quarter. FMR LLC now owns 826,754 shares of the technology company’s stock worth $51,052,000 after buying an additional 489,703 shares during the period. Finally, Allianz Asset Management AG bought a new position in shares of Acacia Communications during the fourth quarter worth $28,129,000. 66.39% of the stock is currently owned by institutional investors.
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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