Published: Thu, May 17, 2018
Business | By Tara Barton

Acacia Communications, Inc. (ACIA)- Stocks Carrying Extraordinary Performance Assessment


Analyst's mean target price for the company is $35.45 while analysts mean suggestion is 2.5. Eagle Asset Management Inc. now owns 178,258 shares of the technology company's stock valued at $6,855,000 after buying an additional 2,259 shares during the last quarter.

A number of other brokerages have also issued reports on ACIA. UBS initiated coverage on Acacia Communications in a research note on Wednesday, January 31st.

U.S. stocks edged higher as trade tensions between the world's two biggest economies showed signs of abating. The price target set for the stock is $35.45 and this sets up an interesting set of potential movement for the stock, according to data from FINVIZ's Research.

Acacia Communications (NASDAQ:ACIA) insider Francis J. Murphy sold 362 shares of the firm's stock in a transaction that occurred on Monday, April 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company.

The company's diluted EPS for trailing twelve months was 0.59. (NASDAQ: ACIA) generated a change of 8.73% and closed at $34.25.

Stock of Acacia, which does business with ZTE, plunged from about $40 per share to $25.51 after news of the ban last month. (NASDAQ:ACIA) has seen its stock hit a 1-year high price of $50.10 as well as a 1-year low price of $24.72. The firm has a market capitalization of $1.25 billion, a P/E ratio of 26.47, a P/E/G ratio of 60.39 and a beta of 1.11.

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Acacia Communications (NASDAQ:ACIA) last released its quarterly earnings results on Thursday, May 3rd.

Earnings per Share Details of Himax Technologies, Inc.: The EPS of HIMX is strolling at 0.16, measuring its EPS growth this year at -45.1%.

Productivity proportions: Investigating the productivity proportions of Acacia Communications, Inc. stock, the speculator will discover its ROE, ROA, ROI remaining at -1.3%, -1.1%, and 13.1%, individually. The company had revenue of $72.90 million during the quarter, compared to the consensus estimate of $71.23 million. Some stocks rarely if ever have high EPS, while others seem like they are always high.

Acacia Communications, Inc. (ACIA) is estimating to achieve earnings per share (EPS) growth of -48.50% for this year while EPS growth expected to touch 235.43% for next year. The stock is trading away to its 50-day and 200-day moving averages by -3.34% and -14.58%, respectively. Acacia Communications, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Corporate Controller Murphy Francis J has sold 362 shares of Acacia Communications, Inc. Also, VP Bhupendra C. Shah sold 893 shares of the firm's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $43.84, for a total transaction of $350,720.00. The disclosure for this sale can be found here. Insiders sold 109,717 shares of company stock worth $4,406,579 over the last ninety days. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lastly, from a Equal-Weight rating to Underweight rating on shares of Acacia Communications, Inc. was Downgrade by Morgan Stanley on the company's stock. CWM LLC bought a new position in shares of Acacia Communications during the 4th quarter valued at about $3,599,000.

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%. First Mercantile Trust Co. acquired a new position in shares of Acacia Communications during the 1st quarter worth approximately $192,000. The Manufacturers Life Insurance Company now owns 18,525 shares of the technology company's stock valued at $671,000 after acquiring an additional 3,623 shares in the last quarter.

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