US Bancorp DE Reduces Stake in Acacia Communications, Inc. (NASDAQ:ACIA)
17 Juillet, 2017, 23:45 | Author: Lucrece Courtet
Institutional investors own 89.96% of the company's stock.
A number of other research firms have also weighed in on ACIA. Dynamic Technology Lab Private Ltd boosted its stake in shares of Acacia Communications by 81.5% in the fourth quarter. As of the latest earnings report the EPS was $3.40 and is projected to be $1.97 for the current year with 38,641,000 shares now outstanding.
Currently, EPS of Acacia Communications, Inc. Acacia Communications's quarterly revenue was up 35.7% on a year-over-year basis. FMR LLC raised its stake in shares of Acacia Communications by 61.2% in the first quarter.
Acacia Communications, Inc. provides high-speed coherent interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company was maintained on Friday, February 24 by Needham.
About 181,614 shares traded.
The most current P/E ratio is 11.48 and the market cap of the company is 1.51B. The firm's 50-day moving average is $45.72 and its 200 day moving average is $54.39.
Acacia Communications, Inc. (NDAQ:ACIA) has risen 55.67% since July 17, 2016 and is uptrending. The technology company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.52 by $0.34. The business had revenue of $114.67 million during the quarter, compared to analyst estimates of $112.46 million. Acacia Communications had a net margin of 30.02% and a return on equity of 43.80%. During the same quarter in the previous year, the business posted $0.44 EPS. William Blair reissued a buy rating on shares of Acacia Communications in a research report on Thursday, June 15th.
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COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of worldwide copyright & trademark laws. July 14 investment analysts at Deutsche Bank maintained a company rating of "Buy" but raised the price target to $60.00 from $39.00.
Cowen & Co.'s Paul Silverstein, reiterating an Outperform rating, cuts his price target to $57 from $66. DA Davidson initiated coverage on shares of Acacia Communications in a report on Thursday, June 22nd. Zacks Investment Research raised Acacia Communications from a "hold" rating to a "strong-buy" rating and set a $62.00 price target on the stock in a report on Wednesday, April 26th. On May 11 the stock rating was downgraded from "Equal-Weight" to "Equal-Weight" in an announcement from Morgan Stanley.
Among 9 analysts covering Honda Motor Co (NYSE:HMC), 2 have Buy rating, 5 Sell and 2 Hold. Acacia Communications now has a consensus rating of "Buy" and a consensus price target of $65.11.
On 5/15/2017 Murugesan Shanmugaraj, CEO, sold 8,983 with an average share price of $48.52 per share and the total transaction amounting to $435,855.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
In related news, CFO John F. Gavin sold 17,817 shares of the stock in a transaction that occurred on Monday, April 17th. (NYSE:HD) ended its day at $152.88 with the rising stream of -0.27% and its total traded volume was 3.57 million shares less than the average volume. Christian J. Rasmussen, VP Digital Signal Proc&Optics disclosed the sale of 10,060 shares of ACIA stock. In the last quarter, insiders sold 86,169 shares of company stock valued at $4,074,841.
If we take a long term observation, shares have been trading at a distance of -99.97% from the 200-day moving average. Annual EPS Growth of past 5 years is 1.60%. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating.
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