Stock Movements to Focus: Acacia Communications, Inc. (ACIA)

Teacher Retirement System of Texas acquired a new position in shares of Acacia Communications during the 4th quarter worth approximately $219,000. The stock was sold at an average price of $36.03, for a total transaction of $10,664.88.

In other Acacia Communications news, CEO Murugesan Shanmugaraj sold 23,225 shares of the firm's stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $42.06, for a total transaction of $11,692.68. The SEC filing shows that Murphy Francis J performed a sale of 296 shares.

In the transaction dated April 02, 2018, the great number of shares disposed came courtesy the Vice President of Engineering; Shah Bhupendra C disposed a total of 19,590 shares at an average price of $37.48, amounting to approximately $734,233.

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The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 27.51 and a beta of 1.11.

Acacia Communications, Inc. has been given an analysts' mean target of 35.45. The technology company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.04. The firm had revenue of $72.90 million during the quarter, compared to the consensus estimate of $71.23 million. Net profit margin of the company was recorded at -1.8 percent, operating profit margin was -2.2 percent, while gross profit margin stands at 39.5 percent.

Quarterly Revenue Growth on year-over-year basis stands at -36.4 percent. During the same quarter last year, the firm earned $0.77 EPS. sell-side analysts forecast that Acacia Communications will post -0.37 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

While looking at the Stock's Performance, Acacia Communications, Inc. now shows a Weekly Performance of 10.59%, where Monthly Performance is -14.44%, Quarterly performance is -11.13%, 6 Months performance is -4.73% and yearly performance percentage is -28.21%. Growth in EPS is an important measure of administration performance because it shows how much money the company is making for it's investors or shareholders, not only because of changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). Wells Fargo & Company MN grew its stake in Acacia Communications by 5.3% in the 3rd quarter. 666,381 shares of the stock were exchanged, compared to its average volume of 1,982,749. The Manufacturers Life Insurance Company boosted its stake in Acacia Communications by 24.3% in the fourth quarter. The euro jumped and German 10-year yields touched their highest level this month after a senior European Central Bank official said the first rate hike could come quarters, not years after the end of asset purchases. Stone Ridge Asset Management LLC bought a new position in Acacia Communications in the 4th quarter valued at $239,000. Similar statistics are true for the second largest owner, Capital Research Global Investors, which owns 3,362,118 shares of the stock are valued at $105.91 million. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Looking further out we can see that the stock has moved -33.22% over the year to date. Schwab Charles Investment Management Inc. increased its holdings in shares of Acacia Communications by 24.7% in the fourth quarter. Acacia Communications presently has an average rating of "Hold" and an average target price of $33.45.

Acacia Communications, Inc. (ACIA) has an Analysts' Mean Recommendation of 2.5. Loop Capital assumed coverage on shares of Acacia Communications in a research note on Monday, January 29th. They issued a "buy" rating and a $50.00 price target for the company. Bank of America lowered Acacia Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday.

Some buy side analysts are also providing their Analysis on Acacia Communications, Inc., where 2 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 1 said it's a HOLD, and 0 analysts rated the stock as Sell.

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