Toth Financial Advisory Corp Acquires New Position in Acacia Communications, Inc. (NASDAQ:ACIA)

Toth Financial Advisory Corp bought a new stake in Acacia Communications, Inc. (NASDAQ:ACIA) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 14,350 shares of the technology company’s stock, valued at approximately $545,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in Acacia Communications by 43.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 187,967 shares of the technology company’s stock valued at $6,543,000 after purchasing an additional 56,773 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Acacia Communications by 30.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 121,663 shares of the technology company’s stock valued at $4,236,000 after purchasing an additional 28,726 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Acacia Communications by 19.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,410,234 shares of the technology company’s stock valued at $99,711,000 after purchasing an additional 391,574 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in Acacia Communications by 44.2% during the 2nd quarter. MetLife Investment Advisors LLC now owns 12,769 shares of the technology company’s stock valued at $444,000 after purchasing an additional 3,915 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Acacia Communications by 314.5% in the third quarter. Oppenheimer & Co. Inc. now owns 40,000 shares of the technology company’s stock worth $1,655,000 after acquiring an additional 30,350 shares during the last quarter. Institutional investors own 74.68% of the company’s stock.

In other Acacia Communications news, VP Mehrdad Givehchi sold 1,808 shares of the company’s stock in a transaction on Monday, February 4th. The shares were 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 SEC, which can be accessed through this link. Also, insider Benny P. Mikkelsen sold 1,807 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $42.34, for a total transaction of $76,508.38. The disclosure for this sale can be found here. In the last three months, insiders sold 56,482 shares of company stock worth $2,345,811. 33.20% of the stock is currently owned by insiders.

A number of brokerages have weighed in on ACIA. Zacks Investment Research cut shares of Acacia Communications from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded shares of Acacia Communications from a “d+” rating to a “c-” rating in a report on Monday, December 10th. Loop Capital boosted their price objective on shares of Acacia Communications to $60.00 and gave the company a “reduce” rating in a report on Thursday, December 6th. Deutsche Bank boosted their price objective on shares of Acacia Communications from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 5th. Finally, Citigroup boosted their price objective on shares of Acacia Communications to $60.00 and gave the company a “buy” rating in a report on Monday, November 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $45.07.

Shares of ACIA stock opened at $43.69 on Thursday. The firm has a market capitalization of $1.80 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 6.17 and a beta of 1.65. Acacia Communications, Inc. has a 12 month low of $24.72 and a 12 month high of $47.26.

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

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