Francis J. Murphy Sells 833 Shares of Acacia Communications, Inc. (NASDAQ:ACIA) Stock

Acacia Communications, Inc. (NASDAQ:ACIA) insider Francis J. Murphy sold 833 shares of the firm’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 value of $39,984.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 value 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 value 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 value of $12,666.65.

Acacia Communications, Inc. (ACIA) traded up 0.22% on Friday, hitting $44.76. The stock had a trading volume of 191,079 shares. The firm has a market cap of $1.76 billion, a PE ratio of 15.31 and a beta of 3.48. Acacia Communications, Inc. has a 52-week low of $44.00 and a 52-week high of $121.86. The company has a 50-day moving average price of $45.56 and a 200 day moving average price of $49.31.

Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.26 EPS for the quarter, beating the 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 firm had revenue of $78.90 million during the quarter, compared to analyst estimates of $78.17 million. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was down 32.0% compared to the same quarter last year. Equities analysts forecast that Acacia Communications, Inc. will post $1.88 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of ACIA. American International Group Inc. lifted 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 valued at $189,000 after purchasing an additional 215 shares during the last quarter. Carl Domino Inc lifted its holdings in shares of Acacia Communications by 22.2% during the 2nd quarter. Carl Domino Inc now owns 5,500 shares of the technology company’s stock valued at $228,000 after purchasing an additional 1,000 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Acacia Communications during the 1st quarter valued at $234,000. Cipher Capital LP purchased a new stake in shares of Acacia Communications during the 1st quarter valued at $249,000. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Acacia Communications by 75.2% during the 2nd quarter. Koshinski Asset Management Inc. now owns 6,150 shares of the technology company’s stock valued at $255,000 after purchasing an additional 2,640 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

A number of brokerages have issued reports on ACIA. Northland Securities set a $50.00 price objective on Acacia Communications and gave the company a “buy” rating in a research note on Saturday, July 22nd. Cowen and Company reiterated an “outperform” rating and set a $57.00 price objective on shares of Acacia Communications in a research note on Monday, July 24th. Zacks Investment Research upgraded Acacia Communications from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 29th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective (down previously from $65.00) on shares of Acacia Communications in a research note on Monday, July 17th. Finally, William Blair reiterated an “outperform” rating on shares of Acacia Communications in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Acacia Communications presently has an average rating of “Hold” and an average price target of $53.38.

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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