Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 8,380 shares of the firm’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 filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, July 24th, Francis J. Murphy sold 410 shares of Acacia Communications stock. The stock was sold at an average price of $43.47, for a total value of $17,822.70.
  • On Monday, July 3rd, Francis J. Murphy sold 305 shares of Acacia Communications stock. The stock was sold at an average price of $41.53, for a total value of $12,666.65.

Acacia Communications, Inc. (ACIA) traded down 3.40% on Wednesday, reaching $46.25. The company’s stock had a trading volume of 721,164 shares. The stock’s 50 day moving average price is $42.72 and its 200 day moving average price is $50.72. The company has a market cap of $1.79 billion, a P/E ratio of 13.61 and a beta of 3.79. Acacia Communications, Inc. has a 12 month low of $38.50 and a 12 month high of $128.73.

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

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Several research firms have recently issued reports on ACIA. B. Riley restated a “neutral” rating and issued a $53.50 price target on shares of Acacia Communications in a research report on Monday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Acacia Communications in a research report on Friday, August 4th. Cowen and Company restated an “outperform” rating and issued a $57.00 price target on shares of Acacia Communications in a research report on Monday, July 24th. Deutsche Bank AG set a $60.00 price target on Acacia Communications and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Finally, ValuEngine lowered Acacia Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $61.89.

Hedge funds have recently bought and sold shares of the stock. American International Group Inc. increased its stake in Acacia Communications by 7.1% in the first quarter. American International Group Inc. now owns 3,225 shares of the technology company’s stock worth $189,000 after buying an additional 215 shares during the last quarter. First American Bank purchased a new stake in shares of Acacia Communications during the first quarter worth approximately $203,000. Koshinski Asset Management Inc. purchased a new stake in shares of Acacia Communications during the first quarter worth approximately $206,000. Carl Domino Inc boosted its stake in shares of Acacia Communications by 22.2% in the second quarter. Carl Domino Inc now owns 5,500 shares of the technology company’s stock worth $228,000 after buying an additional 1,000 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Acacia Communications during the first quarter worth approximately $234,000. Institutional investors and hedge funds own 87.70% of the company’s stock.

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)

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