Voya Investment Management LLC purchased a new position in shares of Acacia Communications, Inc. (NASDAQ:ACIA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,364 shares of the technology company’s stock, valued at approximately $347,000.

A number of other large investors have also modified their holdings of the business. Alps Advisors Inc. increased its stake in Acacia Communications by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,357 shares of the technology company’s stock worth $388,000 after purchasing an additional 24 shares during the period. American International Group Inc. increased its stake in Acacia Communications by 7.1% during the first quarter. American International Group Inc. now owns 3,225 shares of the technology company’s stock worth $189,000 after purchasing an additional 215 shares during the period. Princeton Capital Management Inc. increased its stake in Acacia Communications by 1.3% during the second quarter. Princeton Capital Management Inc. now owns 29,008 shares of the technology company’s stock worth $1,203,000 after purchasing an additional 364 shares during the period. Winfield Associates Inc. increased its stake in Acacia Communications by 6.0% during the second quarter. Winfield Associates Inc. now owns 7,105 shares of the technology company’s stock worth $295,000 after purchasing an additional 400 shares during the period. Finally, Tealwood Asset Management Inc. increased its stake in Acacia Communications by 1.8% during the second quarter. Tealwood Asset Management Inc. now owns 33,350 shares of the technology company’s stock worth $1,383,000 after purchasing an additional 575 shares during the period. Institutional investors own 82.22% of the company’s stock.

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A number of brokerages have issued reports on ACIA. Zacks Investment Research upgraded shares of Acacia Communications from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. B. Riley reiterated a “neutral” rating and set a $44.00 price target on shares of Acacia Communications in a research note on Wednesday, August 9th. MKM Partners cut their price target on shares of Acacia Communications from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Cowen and Company reiterated a “buy” rating and set a $55.00 price target (down from $57.00) on shares of Acacia Communications in a research note on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Acacia Communications in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $50.50.

In other Acacia Communications news, VP Bhupendra C. Shah sold 8,300 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $44.59, for a total value of $370,097.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Francis J. Murphy sold 598 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $44.32, for a total transaction of $26,503.36. The disclosure for this sale can be found here. Insiders have sold 25,463 shares of company stock worth $1,165,201 over the last 90 days. Insiders own 37.10% of the company’s stock.

Shares of Acacia Communications, Inc. (NASDAQ:ACIA) opened at $36.11 on Friday. Acacia Communications, Inc. has a one year low of $35.55 and a one year high of $79.38. The firm has a market cap of $1,421.90, a P/E ratio of 12.45, a P/E/G ratio of 2.09 and a beta of 2.85.

Acacia Communications (NASDAQ:ACIA) last released its earnings results on Thursday, November 2nd. The technology company reported $0.46 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $104.35 million. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was down 22.4% compared to the same quarter last year. analysts forecast that Acacia Communications, Inc. will post 1.15 EPS for the current fiscal year.

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

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