Murugesan Shanmugaraj Sells 1,898 Shares of Acacia Communications, Inc. (ACIA) Stock

Acacia Communications, Inc. (NASDAQ:ACIA) CEO Murugesan Shanmugaraj sold 1,898 shares of Acacia Communications stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $38.48, for a total transaction of $73,035.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Murugesan Shanmugaraj also recently made the following trade(s):

  • On Tuesday, January 9th, Murugesan Shanmugaraj sold 6,975 shares of Acacia Communications stock. The stock was sold at an average price of $38.23, for a total transaction of $266,654.25.

Shares of Acacia Communications, Inc. (NASDAQ:ACIA) opened at $42.40 on Monday. The firm has a market cap of $1,669.60, a PE ratio of 14.32, a PEG ratio of 3.18 and a beta of 1.60. Acacia Communications, Inc. has a 52 week low of $34.20 and a 52 week high of $69.57.

Several institutional investors and hedge funds have recently made changes to their positions in ACIA. Schwab Charles Investment Management Inc. boosted its stake in shares of Acacia Communications by 40.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 84,711 shares of the technology company’s stock valued at $3,513,000 after purchasing an additional 24,282 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Acacia Communications by 4.5% during the second quarter. Wells Fargo & Company MN now owns 34,629 shares of the technology company’s stock worth $1,436,000 after acquiring an additional 1,481 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Acacia Communications by 118.1% during the second quarter. Alliancebernstein L.P. now owns 32,500 shares of the technology company’s stock worth $1,348,000 after acquiring an additional 17,600 shares in the last quarter. Teachers Advisors LLC boosted its stake in Acacia Communications by 273.7% during the second quarter. Teachers Advisors LLC now owns 33,343 shares of the technology company’s stock worth $1,383,000 after acquiring an additional 24,421 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Acacia Communications by 164.3% during the second quarter. TIAA CREF Investment Management LLC now owns 56,732 shares of the technology company’s stock worth $2,353,000 after acquiring an additional 35,264 shares in the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies assumed coverage on shares of Acacia Communications in a report on Tuesday, February 13th. They issued an “overweight” rating and a $43.00 price target on the stock. UBS Group assumed coverage on shares of Acacia Communications in a report on Wednesday, January 31st. They issued a “buy” rating and a $50.00 price target on the stock. Northland Securities set a $42.00 price target on shares of Acacia Communications and gave the stock a “buy” rating in a report on Monday, January 29th. Loop Capital assumed coverage on shares of Acacia Communications in a report on Monday, January 29th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, William Blair reissued a “buy” rating on shares of Acacia Communications in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $49.00.

ILLEGAL ACTIVITY WARNING: “Murugesan Shanmugaraj Sells 1,898 Shares of Acacia Communications, Inc. (ACIA) Stock” was first reported by Week Herald and is owned by of Week Herald. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://weekherald.com/2018/02/19/murugesan-shanmugaraj-sells-1898-shares-of-acacia-communications-inc-acia-stock.html.

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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