Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 833 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $48.00, for a total transaction of $39,984.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Francis J. Murphy also recently made the following trade(s):

  • On Tuesday, August 8th, Francis J. Murphy sold 8,380 shares of Acacia Communications stock. The shares were sold at an average price of $48.00, for a total transaction of $402,240.00.
  • On Monday, July 24th, Francis J. Murphy sold 410 shares of Acacia Communications stock. The shares were sold at an average price of $43.47, for a total transaction of $17,822.70.
  • On Monday, July 3rd, Francis J. Murphy sold 305 shares of Acacia Communications stock. The shares were sold at an average price of $41.53, for a total transaction of $12,666.65.

Acacia Communications, Inc. (NASDAQ:ACIA) traded down 1.47% during mid-day trading on Friday, reaching $48.11. 355,306 shares of the company’s stock were exchanged. The company has a market cap of $1.89 billion, a PE ratio of 16.45 and a beta of 3.38. Acacia Communications, Inc. has a 52-week low of $38.50 and a 52-week high of $128.73. The stock has a 50-day moving average price of $44.76 and a 200 day moving average price of $48.78.

Acacia Communications (NASDAQ:ACIA) last released its earnings results on Thursday, August 3rd. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. Acacia Communications had a net margin of 29.65% and a return on equity of 34.46%. The business had revenue of $78.90 million during the quarter, compared to analysts’ expectations of $78.17 million. During the same period last year, the business earned $0.77 earnings per share. The firm’s revenue was down 32.0% on a year-over-year basis. Equities analysts predict that Acacia Communications, Inc. will post $1.88 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Francis J. Murphy Sells 833 Shares of Acacia Communications, Inc. (ACIA) Stock” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/francis-j-murphy-sells-833-shares-of-acacia-communications-inc-acia-stock/1538125.html.

Several institutional investors have recently added to or reduced their stakes in ACIA. Capital Research Global Investors boosted its position in Acacia Communications by 47.6% in the second quarter. Capital Research Global Investors now owns 3,351,605 shares of the technology company’s stock valued at $138,991,000 after buying an additional 1,080,126 shares in the last quarter. Vanguard Group Inc. boosted its position in Acacia Communications by 12.3% in the second 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 in the last quarter. FMR LLC boosted its position in Acacia Communications by 61.2% in the first quarter. FMR LLC now owns 1,332,907 shares of the technology company’s stock valued at $78,135,000 after buying an additional 506,153 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in Acacia Communications by 8.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,287,255 shares of the technology company’s stock valued at $53,382,000 after buying an additional 105,690 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Acacia Communications during the first quarter valued at $72,279,000. 81.86% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on ACIA. Morgan Stanley downgraded shares of Acacia Communications from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $70.00 to $45.00 in a research report on Thursday, May 11th. Northland Securities set a $50.00 price objective on shares of Acacia Communications and gave the company a “buy” rating in a research report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Acacia Communications from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $57.00 price objective (down from $66.00) on shares of Acacia Communications in a research report on Monday, July 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective (down from $65.00) on shares of Acacia Communications in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Acacia Communications currently has a consensus rating of “Buy” and an average target price of $61.89.

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.

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

Receive News & Ratings for Acacia Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Communications Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.