Schroder Investment Management Group Buys 15,922 Shares of Acacia Communications, Inc. (ACIA)

Schroder Investment Management Group lifted its holdings in Acacia Communications, Inc. (NASDAQ:ACIA) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,553 shares of the technology company’s stock after purchasing an additional 15,922 shares during the quarter. Schroder Investment Management Group owned 0.72% of Acacia Communications worth $13,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Alps Advisors Inc. increased its position in Acacia Communications by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,357 shares of the technology company’s stock valued at $388,000 after acquiring an additional 24 shares during the last quarter. Wells Fargo & Company MN increased its position 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 valued at $1,436,000 after acquiring an additional 1,481 shares during the last quarter. Royal Bank of Canada increased its position in Acacia Communications by 12.1% during the second quarter. Royal Bank of Canada now owns 13,966 shares of the technology company’s stock valued at $579,000 after acquiring an additional 1,511 shares during the last quarter. Geode Capital Management LLC increased its position in Acacia Communications by 2.1% during the first quarter. Geode Capital Management LLC now owns 107,673 shares of the technology company’s stock valued at $6,311,000 after acquiring an additional 2,184 shares during the last quarter. Finally, Vantage Financial Partners Ltd. Inc. increased its position in Acacia Communications by 35.8% during the third quarter. Vantage Financial Partners Ltd. Inc. now owns 14,400 shares of the technology company’s stock valued at $1,058,000 after acquiring an additional 3,800 shares during the last quarter. Hedge funds and other institutional investors own 91.48% of the company’s stock.

In related news, insider Benny P. Mikkelsen sold 2,901 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $36.40, for a total transaction of $105,596.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bhupendra C. Shah sold 8,300 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $47.81, for a total value of $396,823.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,625 shares of company stock valued at $943,778. Corporate insiders own 37.10% of the company’s stock.

A number of analysts recently commented on ACIA shares. B. Riley reiterated a “neutral” rating and set a $44.00 price objective on shares of Acacia Communications in a research report on Wednesday, August 9th. Zacks Investment Research cut Acacia Communications from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. MKM Partners started coverage on Acacia Communications in a research report on Tuesday, September 19th. They set a “buy” rating and a $64.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Acacia Communications in a report on Monday, October 23rd. Finally, William Blair started coverage on Acacia Communications in a report on Tuesday, October 31st. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Acacia Communications presently has an average rating of “Buy” and an average price target of $50.50.

Acacia Communications, Inc. (NASDAQ:ACIA) opened at $40.38 on Thursday. The firm has a market capitalization of $1,573.91, a PE ratio of 13.78, a PEG ratio of 2.32 and a beta of 2.21. Acacia Communications, Inc. has a one year low of $35.36 and a one year high of $74.75.

Acacia Communications (NASDAQ:ACIA) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. The firm had revenue of $105.00 million during the quarter, compared to analyst estimates of $104.35 million. Acacia Communications had a return on equity of 25.29% and a net margin of 27.98%. The business’s quarterly revenue was down 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. equities analysts predict that Acacia Communications, Inc. will post 1.15 earnings per share for the current fiscal year.

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Acacia Communications Company Profile

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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Institutional Ownership by Quarter for Acacia Communications (NASDAQ:ACIA)

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