Finally, Piper Jaffray lowered Acacia Communications from an "overweight" rating to a "neutral" rating and set a $26.00 price target for the company.in a research note on Monday. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
VP of Hardware and Software, Givehchi Mehrdad, sold 21,060 common shares of Acacia Communications, Inc. Deutsche Bank's price target suggests a potential upside of 36.88% from the stock's current price. Also, CEO Murugesan Shanmugaraj sold 1,898 shares of the stock in a transaction that occurred on Wednesday, February 14th.
The Dow Jones industrial average rose 68.24 points to 24,899.41, with UnitedHealth and Walmart as the best-performing stocks in the index. The stock was sold at an average price of $40.00, for a total transaction of $312,840.00. Morgan Stanley, for example, Upgrade Acacia Communications, Inc. from Underweight to Equal-Weight in a report that was made public on Friday, April 27th, 2018. The total market cap for the stock is $84.55B while it has a PE ratio of 16.42, its price-to-earnings-growth ratio reads 5.72 while it has a beta of 0.95. According to these analysts, the Low Revenue Estimate for Acacia Communications, Inc.is 70 Million and the High Revenue Estimate is 76.9 Million.
Acacia Communications, Inc. (NASDAQ:ACIA) has seen its SMA20 which is now 4.98%.
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%. The company had revenue of $72.90 million during the quarter, compared to the consensus estimate of $71.23 million. Acacia Communications had a positive return on equity of 4.95% and a negative net margin of 1.83%. Finally, Pitcairn Co. boosted its position in Acacia Communications by 61.8% in the 4th quarter. During the same quarter last year, the firm earned $0.77 EPS. sell-side analysts forecast that Acacia Communications will post -0.37 earnings per share for the current fiscal year.
Acacia Communications, Inc. (ACIA) stock price performed at a change of 19.56% from 20 day SMA and stands at a distance of -3.34% away from 50 day SMA. The Company kept a record of 36.47 million floated shares and 39.70 million shares outstanding. Wells Fargo & Company MN grew its stake in Acacia Communications by 5.3% in the 3rd quarter. Higher relative volume you will have more liquidity in the stock which will tighten spreads and allow you to trade with more size without a ton of slippage.
State Bank Financial Corporation (STBZ) shares Jumped 1.6% and ended the day at $33.61. Quantitative Systematic Strategies LLC acquired a new position in shares of Acacia Communications during the 4th quarter worth approximately $201,000.
The shares of U.S. Bancorp (NYSE:USB) went down during the trading session by -$0.32 on Monday, trading at $51.18. Teacher Retirement System of Texas bought a new position in Acacia Communications in the 4th quarter valued at $219,000. (NASDAQ:ACIA) stock has a volatility measurement of 5.30% for the week, with 6.81% volatility as observed from the past 30 days. Institutional investors and hedge funds own 85.30% of the company's stock.
A number of other brokerages have also issued reports on ACIA. Acacia Communications, Inc. (NASDAQ:ACIA) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges.
Shares of Maynard-based communications equipment manufacturer Acacia Communications opened almost $6 higher Monday after President Donald Trump indicated that he wants to resume doing business with a Chinese telecommunications giant. Bank of America lowered shares of Acacia Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 17th. 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. Acacia Communications has an average rating of "Hold" and an average price target of $33.45.