Acacia Communications, Inc. (NASDAQ:ACIA) VP Sells $18,949.57 in Stock

Acacia Communications, Inc. (NASDAQ:ACIA) VP Francis J. Murphy sold 277 shares of Acacia Communications stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $68.41, for a total transaction of $18,949.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Monday, September 21st, Francis J. Murphy sold 145 shares of Acacia Communications stock. The shares were sold at an average price of $68.30, for a total transaction of $9,903.50.
  • On Wednesday, September 2nd, Francis J. Murphy sold 120 shares of Acacia Communications stock. The shares were sold at an average price of $67.51, for a total transaction of $8,101.20.
  • On Monday, August 17th, Francis J. Murphy sold 936 shares of Acacia Communications stock. The stock was sold at an average price of $67.96, for a total transaction of $63,610.56.

Shares of ACIA opened at $67.91 on Friday. The company has a 50 day moving average price of $67.95 and a 200-day moving average price of $67.51. Acacia Communications, Inc. has a fifty-two week low of $60.62 and a fifty-two week high of $69.13. The stock has a market capitalization of $2.85 billion, a PE ratio of 49.21 and a beta of 0.86.

Acacia Communications (NASDAQ:ACIA) last posted its earnings results on Monday, August 10th. The technology company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.15. Acacia Communications had a net margin of 11.71% and a return on equity of 10.87%. The company had revenue of $135.22 million during the quarter, compared to analysts’ expectations of $131.79 million. On average, equities analysts expect that Acacia Communications, Inc. will post 1.76 earnings per share for the current fiscal year.

ACIA has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Acacia Communications from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Monday, August 17th. BidaskClub upgraded shares of Acacia Communications from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. increased its stake in shares of Acacia Communications by 5.2% in the second quarter. Prudential Financial Inc. now owns 3,351 shares of the technology company’s stock worth $225,000 after acquiring an additional 165 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Acacia Communications by 13.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,830 shares of the technology company’s stock valued at $257,000 after purchasing an additional 466 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Acacia Communications by 27.6% during the second quarter. Russell Investments Group Ltd. now owns 2,708 shares of the technology company’s stock valued at $181,000 after purchasing an additional 586 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Acacia Communications by 7.8% in the first quarter. Victory Capital Management Inc. now owns 9,540 shares of the technology company’s stock worth $641,000 after buying an additional 693 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Acacia Communications by 9.0% in the second quarter. Arizona State Retirement System now owns 8,452 shares of the technology company’s stock worth $568,000 after buying an additional 701 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

About Acacia Communications

Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. The company offers embedded and pluggable module products consisting of optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second for use in long-haul, metro, and inter-data center markets.

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