Acacia Communications, Inc. (NASDAQ:ACIA) VP Francis J. Murphy sold 5,841 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $45.00, for a total value of $262,845.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Monday, October 22nd, Francis J. Murphy sold 371 shares of Acacia Communications stock. The stock was sold at an average price of $37.93, for a total value of $14,072.03.
  • On Tuesday, October 2nd, Francis J. Murphy sold 276 shares of Acacia Communications stock. The stock was sold at an average price of $40.81, for a total value of $11,263.56.
  • On Tuesday, September 18th, Francis J. Murphy sold 68 shares of Acacia Communications stock. The stock was sold at an average price of $38.72, for a total value of $2,632.96.

NASDAQ ACIA traded down $0.72 during trading hours on Friday, hitting $45.92. The company had a trading volume of 810,156 shares, compared to its average volume of 741,639. The company has a market cap of $1.83 billion, a P/E ratio of 38.59, a P/E/G ratio of 45.54 and a beta of 1.68. Acacia Communications, Inc. has a fifty-two week low of $24.72 and a fifty-two week high of $47.26.

Acacia Communications (NASDAQ:ACIA) last announced its earnings results on Thursday, November 1st. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.19. The company had revenue of $94.80 million during the quarter, compared to the consensus estimate of $89.99 million. Acacia Communications had a positive return on equity of 2.11% and a negative net margin of 7.68%. The company’s revenue was down 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities analysts predict that Acacia Communications, Inc. will post 0.08 earnings per share for the current fiscal year.

ACIA has been the subject of several recent research reports. Deutsche Bank increased their price target on Acacia Communications from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 5th. MKM Partners increased their price target on Acacia Communications from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. ValuEngine upgraded Acacia Communications from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. Citigroup increased their price target on Acacia Communications to $60.00 and gave the company a “buy” rating in a report on Monday, November 5th. Finally, B. Riley increased their price target on Acacia Communications from $37.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Acacia Communications currently has a consensus rating of “Buy” and a consensus price target of $43.97.

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Acacia Communications by 31.6% during the third quarter. PNC Financial Services Group Inc. now owns 6,240 shares of the technology company’s stock valued at $258,000 after acquiring an additional 1,500 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Acacia Communications by 32.9% during the first quarter. Legal & General Group Plc now owns 8,732 shares of the technology company’s stock valued at $336,000 after acquiring an additional 2,164 shares in the last quarter. First Mercantile Trust Co. grew its stake in shares of Acacia Communications by 47.8% during the second quarter. First Mercantile Trust Co. now owns 7,376 shares of the technology company’s stock valued at $257,000 after acquiring an additional 2,386 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Acacia Communications by 42.6% during the second quarter. Metropolitan Life Insurance Co. NY now owns 9,018 shares of the technology company’s stock valued at $314,000 after acquiring an additional 2,694 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Acacia Communications by 62.2% during the second quarter. BNP Paribas Arbitrage SA now owns 7,186 shares of the technology company’s stock valued at $250,000 after acquiring an additional 2,755 shares in the last quarter. Institutional investors own 86.15% of the company’s stock.

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Acacia Communications Company Profile

Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Its products include a series of low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets.

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