Investors bought shares of Acacia Communications, Inc. (NASDAQ:ACIA) on weakness during trading on Friday. $13.47 million flowed into the stock on the tick-up and $11.58 million flowed out of the stock on the tick-down, for a money net flow of $1.89 million into the stock. Of all stocks tracked, Acacia Communications had the 19th highest net in-flow for the day. Acacia Communications traded down ($0.24) for the day and closed at $43.95

A number of equities analysts recently commented on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Acacia Communications in a research note on Wednesday, June 15th. Needham & Company LLC assumed coverage on shares of Acacia Communications in a research note on Tuesday, June 7th. They set a “buy” rating and a $48.00 target price for the company. Bank of America Corp. assumed coverage on shares of Acacia Communications in a research note on Tuesday, June 7th. They set a “buy” rating and a $44.00 target price for the company. Cowen and Company assumed coverage on shares of Acacia Communications in a research note on Tuesday, June 7th. They set an “outperform” rating and a $53.00 target price for the company. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Acacia Communications in a research note on Tuesday, June 7th. They set a “neutral” rating and a $39.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Acacia Communications presently has an average rating of “Buy” and a consensus target price of $46.80.

The firm’s 50 day moving average price is $38.65 and its 200 day moving average price is $37.81. The company has a market capitalization of $306.68 million and a PE ratio of 39.07.

In other news, VP Mehrdad Givehchi sold 103,772 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $21.39, for a total value of $2,219,683.08. Following the transaction, the vice president now owns 613,334 shares of the company’s stock, valued at approximately $13,119,214.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ofs Fitel, Llc sold 95,100 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $21.39, for a total transaction of $2,034,189.00. Following the completion of the transaction, the insider now directly owns 951,212 shares in the company, valued at approximately $20,346,424.68. The disclosure for this sale can be found here.

Acacia Communications, Inc is engaged in delivering coherent optical interconnect products. The Company offers its products for communications networks, relied upon by cloud infrastructure operators, and content and communication service providers. Its 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 40 to 400 gigabits per second (Gbps) for use in metro and inter-data center markets.

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