Several analysts have recently updated their ratings and price targets for Acacia Communications (NASDAQ: ACIA):

  • 2/13/2018 – Acacia Communications is now covered by analysts at Piper Jaffray Companies. They set an “overweight” rating and a $43.00 price target on the stock.
  • 1/31/2018 – Acacia Communications is now covered by analysts at UBS Group AG. They set a “buy” rating and a $50.00 price target on the stock.
  • 1/29/2018 – Acacia Communications was given a new $42.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 1/29/2018 – Acacia Communications is now covered by analysts at Loop Capital. They set a “buy” rating and a $50.00 price target on the stock.

Shares of Acacia Communications, Inc. (ACIA) traded down $0.33 during midday trading on Wednesday, reaching $38.21. 256,500 shares of the company were exchanged, compared to its average volume of 365,848. Acacia Communications, Inc. has a 52 week low of $34.20 and a 52 week high of $69.57. The stock has a market cap of $1,517.60, a price-to-earnings ratio of 12.91, a P/E/G ratio of 2.89 and a beta of 1.60.

In other Acacia Communications news, VP Mehrdad Givehchi sold 48,722 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $36.80, for a total transaction of $1,792,969.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Murugesan Shanmugaraj sold 6,975 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $38.23, for a total transaction of $266,654.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,758 shares of company stock valued at $3,527,259. 37.10% of the stock is owned by company insiders.

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.

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