Nationwide Fund Advisors raised its stake in Acacia Communications, Inc. (NASDAQ:ACIA) by 45.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,912 shares of the technology company’s stock after buying an additional 47,368 shares during the quarter. Nationwide Fund Advisors owned approximately 0.39% of Acacia Communications worth $6,258,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ACIA. Alps Advisors Inc. increased its stake in shares of Acacia Communications by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,357 shares of the technology company’s stock worth $388,000 after acquiring an additional 24 shares during the last quarter. American International Group Inc. raised its holdings in shares of Acacia Communications by 7.1% during the 1st quarter. American International Group Inc. now owns 3,225 shares of the technology company’s stock worth $189,000 after acquiring an additional 215 shares during the period. Princeton Capital Management Inc. raised its holdings in shares of Acacia Communications by 1.3% during the 2nd quarter. Princeton Capital Management Inc. now owns 29,008 shares of the technology company’s stock worth $1,203,000 after acquiring an additional 364 shares during the period. Winfield Associates Inc. raised its holdings in shares of Acacia Communications by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 7,105 shares of the technology company’s stock worth $295,000 after acquiring an additional 400 shares during the period. Finally, Tealwood Asset Management Inc. raised its holdings in shares of Acacia Communications by 1.8% during the 2nd quarter. Tealwood Asset Management Inc. now owns 33,350 shares of the technology company’s stock worth $1,383,000 after acquiring an additional 575 shares during the period. Institutional investors own 81.84% of the company’s stock.

In related news, insider Francis J. Murphy sold 8,380 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $48.00, for a total value of $402,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bhupendra C. Shah sold 8,300 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $44.59, for a total value of $370,097.00. The disclosure for this sale can be found here. Insiders have sold 24,917 shares of company stock worth $1,141,097 in the last 90 days. Insiders own 37.10% of the company’s stock.

WARNING: This report was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/nationwide-fund-advisors-has-6-26-million-holdings-in-acacia-communications-inc-acia/1604710.html.

Acacia Communications, Inc. (NASDAQ:ACIA) opened at 48.01 on Tuesday. The stock has a market capitalization of $1.88 billion, a PE ratio of 16.42 and a beta of 3.31. Acacia Communications, Inc. has a 12-month low of $44.00 and a 12-month high of $116.50. The stock’s 50 day moving average price is $46.21 and its 200-day moving average price is $46.21.

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

Several research analysts have recently weighed in on the stock. William Blair reissued a “buy” rating on shares of Acacia Communications in a research report on Thursday, June 15th. DA Davidson began coverage on shares of Acacia Communications in a research report on Thursday, June 22nd. They set a “buy” rating and a $61.00 price objective for the company. Northland Securities restated a “buy” rating and set a $50.00 price objective on shares of Acacia Communications in a research report on Friday, June 23rd. Zacks Investment Research upgraded shares of Acacia Communications from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, ValuEngine downgraded shares of Acacia Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $54.56.

Acacia Communications 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.

Want to see what other hedge funds are holding ACIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acacia Communications, Inc. (NASDAQ:ACIA).

Institutional Ownership 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.