Acacia Communications, Inc. (ACIA) Shares Sold by Stifel Financial Corp

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Stifel Financial Corp lowered its holdings in Acacia Communications, Inc. (NASDAQ:ACIA) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,335 shares of the technology company’s stock after selling 734 shares during the quarter. Stifel Financial Corp’s holdings in Acacia Communications were worth $319,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ACIA. Vanguard Group Inc. grew its stake in shares of Acacia Communications by 19.4% in the third quarter. Vanguard Group Inc. now owns 2,410,234 shares of the technology company’s stock valued at $99,711,000 after buying an additional 391,574 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Acacia Communications by 19.4% in the third quarter. Vanguard Group Inc now owns 2,410,234 shares of the technology company’s stock valued at $99,711,000 after buying an additional 391,574 shares in the last quarter. BlackRock Inc. grew its stake in shares of Acacia Communications by 2.4% in the fourth quarter. BlackRock Inc. now owns 2,000,266 shares of the technology company’s stock valued at $76,011,000 after buying an additional 46,913 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Acacia Communications by 330.0% in the third quarter. Bank of New York Mellon Corp now owns 808,169 shares of the technology company’s stock valued at $33,434,000 after buying an additional 620,202 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Acacia Communications by 813.2% in the third quarter. TIAA CREF Investment Management LLC now owns 500,007 shares of the technology company’s stock valued at $20,685,000 after buying an additional 445,253 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

In other news, VP Mehrdad Givehchi sold 1,808 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $42.34, for a total value of $76,550.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Benny P. Mikkelsen sold 1,807 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $42.34, for a total value of $76,508.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,524,770 shares of company stock valued at $79,978,162. Insiders own 33.20% of the company’s stock.

NASDAQ:ACIA opened at $60.59 on Wednesday. The stock has a market cap of $2.47 billion, a PE ratio of 174.40, a price-to-earnings-growth ratio of 3.74 and a beta of 1.77. Acacia Communications, Inc. has a 1 year low of $25.00 and a 1 year high of $62.18.

Acacia Communications (NASDAQ:ACIA) last released its quarterly earnings data on Thursday, February 21st. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. The business had revenue of $107.10 million during the quarter, compared to analysts’ expectations of $102.84 million. Acacia Communications had a return on equity of 3.02% and a net margin of 1.45%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. Equities research analysts predict that Acacia Communications, Inc. will post 0.88 earnings per share for the current year.

Several research firms recently commented on ACIA. UBS Group boosted their target price on Acacia Communications to $64.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Piper Jaffray Companies boosted their target price on Acacia Communications from $59.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. DA Davidson boosted their target price on Acacia Communications to $46.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th. Morgan Stanley cut Acacia Communications from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $38.00 to $44.00 in a research note on Wednesday, March 27th. Finally, Zacks Investment Research raised Acacia Communications from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, January 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.82.

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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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Institutional Ownership by Quarter for Acacia Communications (NASDAQ:ACIA)

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