Bhupendra C. Shah Sells 8,277 Shares of Acacia Communications, Inc. (ACIA) Stock

Acacia Communications, Inc. (NASDAQ:ACIA) VP Bhupendra C. Shah sold 8,277 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $38.32, for a total value of $317,174.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bhupendra C. Shah also recently made the following trade(s):

  • On Tuesday, November 14th, Bhupendra C. Shah sold 1,231 shares of Acacia Communications stock. The stock was sold at an average price of $36.40, for a total value of $44,808.40.
  • On Thursday, September 7th, Bhupendra C. Shah sold 8,300 shares of Acacia Communications stock. The stock was sold at an average price of $44.59, for a total value of $370,097.00.

Shares of Acacia Communications, Inc. (NASDAQ:ACIA) opened at $40.38 on Thursday. The company has a market capitalization of $1,590.00 and a P/E ratio of 13.83. Acacia Communications, Inc. has a 12-month low of $35.36 and a 12-month high of $74.75.

Acacia Communications (NASDAQ:ACIA) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $105.00 million for the quarter, compared to analyst estimates of $104.35 million. Acacia Communications had a return on equity of 25.29% and a net margin of 27.98%. Acacia Communications’s revenue for the quarter was down 22.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. equities analysts forecast that Acacia Communications, Inc. will post 1.15 EPS for the current year.

A number of brokerages have recently issued reports on ACIA. William Blair reissued a “buy” rating on shares of Acacia Communications in a report on Tuesday. Zacks Investment Research cut Acacia Communications from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 8th. AltaCorp Capital upgraded Acacia Communications from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. DA Davidson decreased their price target on Acacia Communications to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Finally, Cowen upgraded Acacia Communications to an “outperform” rating and decreased their price target for the stock from $55.00 to $41.00 in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. boosted its position in Acacia Communications by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,357 shares of the technology company’s stock valued at $388,000 after buying an additional 24 shares during the last quarter. Wells Fargo & Company MN boosted its position in Acacia Communications by 4.5% in the 2nd quarter. Wells Fargo & Company MN now owns 34,629 shares of the technology company’s stock valued at $1,436,000 after buying an additional 1,481 shares during the last quarter. Royal Bank of Canada boosted its position in Acacia Communications by 12.1% in the 2nd quarter. Royal Bank of Canada now owns 13,966 shares of the technology company’s stock valued at $579,000 after buying an additional 1,511 shares during the last quarter. Geode Capital Management LLC boosted its position in Acacia Communications by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 107,673 shares of the technology company’s stock valued at $6,311,000 after buying an additional 2,184 shares during the last quarter. Finally, Vantage Financial Partners Ltd. Inc. boosted its position in Acacia Communications by 35.8% in the 3rd quarter. Vantage Financial Partners Ltd. Inc. now owns 14,400 shares of the technology company’s stock valued at $1,058,000 after buying an additional 3,800 shares during the last quarter. Hedge funds and other institutional investors own 91.48% of the company’s stock.

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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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