5,565 Shares in Acacia Communications, Inc. (NASDAQ:ACIA) Purchased by Signition LP

Signition LP purchased a new position in Acacia Communications, Inc. (NASDAQ:ACIA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,565 shares of the technology company’s stock, valued at approximately $262,000.

Other large investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Acacia Communications in the 1st quarter worth about $39,000. Aperio Group LLC purchased a new position in shares of Acacia Communications in the 2nd quarter worth about $88,000. First Quadrant L P CA purchased a new position in shares of Acacia Communications in the 2nd quarter worth about $115,000. Meeder Asset Management Inc. purchased a new position in shares of Acacia Communications in the 2nd quarter worth about $120,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Acacia Communications in the 1st quarter worth about $126,000. 72.68% of the stock is currently owned by institutional investors.

In other news, VP Francis J. Murphy sold 559 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $64.90, for a total transaction of $36,279.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Benny P. Mikkelsen sold 2,736 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $64.41, for a total value of $176,225.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,387 shares of company stock worth $3,979,599. Company insiders own 9.30% of the company’s stock.

Several equities research analysts have commented on ACIA shares. B. Riley downgraded shares of Acacia Communications from a “buy” rating to a “neutral” rating in a report on Friday, April 26th. Zacks Investment Research downgraded shares of Acacia Communications from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 9th. Rosenblatt Securities reaffirmed a “neutral” rating on shares of Acacia Communications in a report on Tuesday, July 16th. ValuEngine downgraded shares of Acacia Communications from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC downgraded shares of Acacia Communications from a “buy” rating to a “hold” rating and set a $64.91 price objective on the stock. in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $58.07.

NASDAQ ACIA traded down $0.86 during trading on Friday, hitting $62.85. 329,355 shares of the company’s stock traded hands, compared to its average volume of 768,758. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 72.36, a PEG ratio of 3.58 and a beta of 1.74. Acacia Communications, Inc. has a 12-month low of $32.98 and a 12-month high of $67.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.82 and a current ratio of 4.18. The business has a 50 day moving average of $63.49 and a 200-day moving average of $54.82.

Acacia Communications (NASDAQ:ACIA) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Acacia Communications had a return on equity of 7.30% and a net margin of 5.30%. The firm had revenue of $111.18 million for the quarter, compared to analysts’ expectations of $108.68 million. On average, analysts expect that Acacia Communications, Inc. will post 0.9 EPS for the current year.

Acacia Communications Profile

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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