Commonwealth Equity Services Inc purchased a new position in shares of Acacia Communications, Inc. (NASDAQ:ACIA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,930 shares of the technology company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board lifted its position in shares of Acacia Communications by 7.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 70,000 shares of the technology company’s stock worth $2,903,000 after purchasing an additional 5,000 shares during the last quarter. Koch Industries Inc. lifted its position in shares of Acacia Communications by 9,918.7% during the 2nd quarter. Koch Industries Inc. now owns 522,678 shares of the technology company’s stock worth $510,000 after purchasing an additional 517,461 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Acacia Communications during the 2nd quarter worth about $1,013,000. Oak Ridge Investments LLC acquired a new position in shares of Acacia Communications during the 3rd quarter worth about $12,992,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Acacia Communications by 15.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,298 shares of the technology company’s stock worth $1,754,000 after purchasing an additional 5,798 shares during the last quarter. Institutional investors own 91.48% of the company’s stock.

In other news, VP Bhupendra C. Shah sold 1,231 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $36.40, for a total value of $44,808.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Benny P. Mikkelsen sold 2,901 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $36.40, for a total value of $105,596.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,648 shares of company stock valued at $996,700. Insiders own 37.10% of the company’s stock.

Several equities analysts recently weighed in on the company. Zacks Investment Research cut Acacia Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. AltaCorp Capital raised Acacia Communications from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. DA Davidson cut their price objective on Acacia Communications to $48.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Cowen raised Acacia Communications to an “outperform” rating and cut their price objective for the stock from $55.00 to $41.00 in a research report on Friday, November 3rd. Finally, B. Riley raised Acacia Communications from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $49.00 in a 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 stock. Acacia Communications presently has an average rating of “Buy” and a consensus target price of $50.50.

Acacia Communications, Inc. (NASDAQ:ACIA) opened at $39.97 on Tuesday. The company has a market capitalization of $1,510.00 and a P/E ratio of 13.22. Acacia Communications, Inc. has a twelve month low of $35.36 and a twelve month high of $74.75.

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

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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.

Institutional Ownership by Quarter for Acacia Communications (NASDAQ:ACIA)

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