Acacia Communications, Inc. (NASDAQ:ACIA) CEO Murugesan Shanmugaraj sold 6,975 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $38.23, for a total transaction of $266,654.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Acacia Communications, Inc. (NASDAQ ACIA) opened at $39.69 on Friday. The firm has a market cap of $1,560.00 and a PE ratio of 13.41. Acacia Communications, Inc. has a 1 year low of $35.36 and a 1 year high of $69.57.

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 Thomson Reuters’ consensus estimate of $0.35 by $0.11. The company had revenue of $105.00 million during the quarter, compared to the consensus estimate of $104.35 million. Acacia Communications had a net margin of 27.98% and a return on equity of 25.29%. The company’s revenue was down 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. sell-side analysts anticipate that Acacia Communications, Inc. will post 1.15 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in shares of Acacia Communications by 47.6% in the 2nd quarter. Capital Research Global Investors now owns 3,351,605 shares of the technology company’s stock worth $138,991,000 after purchasing an additional 1,080,126 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in shares of Acacia Communications by 9.2% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,405,876 shares of the technology company’s stock valued at $66,217,000 after buying an additional 118,621 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Acacia Communications by 12.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,333,370 shares of the technology company’s stock valued at $55,295,000 after buying an additional 145,531 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Acacia Communications by 847.7% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,052,261 shares of the technology company’s stock valued at $49,561,000 after buying an additional 941,232 shares during the last quarter. Finally, Koch Industries Inc. grew 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 valued at $510,000 after buying an additional 517,461 shares during the last quarter. 91.49% of the stock is owned by institutional investors.

A number of brokerages have commented on ACIA. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Acacia Communications in a report on Monday, October 23rd. William Blair began coverage on shares of Acacia Communications in a report on Tuesday, October 31st. They issued a “buy” rating on the stock. 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 research report on Wednesday, November 8th. Finally, B. Riley raised shares of Acacia Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $49.00 in a research report on Friday, November 3rd. One investment 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 has a consensus rating of “Buy” and a consensus target price of $50.50.

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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.

Insider Buying and Selling by Quarter for Acacia Communications (NASDAQ:ACIA)

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