Acacia Communications, Inc. (NASDAQ:ACIA) Coverage Initiated at DA Davidson
Acacia Communications, Inc. (NASDAQ:ACIA) Coverage Initiated at DA Davidson
17 Julio, 2017, 23:47
Large investors have recently modified their holdings of the company. Acacia Communications, Inc. was founded in 2009 and is headquartered in Maynard, Massachusetts.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Finally, FMR LLC increased its stake in Acacia Communications by 145.3% in the fourth quarter. Fortaleza Asset Management Inc. purchased a new stake in shares of Acacia Communications during the fourth quarter valued at $116,000. Vanguard Group Inc. now owns 1,187,839 shares of the technology company's stock worth $69,632,000 after buying an additional 248,963 shares during the last quarter.
Currently, EPS of Acacia Communications, Inc. Acacia Communications's revenue for the quarter was up 35.7% compared to the same quarter a year ago. FMR LLC raised its stake in shares of Acacia Communications by 61.2% in the first quarter.
Pomerantz Law Firm Investigates Claims On Behalf of Investors of Acacia Communications, Inc.
Acacia Communications (NASDAQ:ACIA) traded down 6.30% during midday trading on Thursday, reaching $39.00.
Needham now has a $50.00 PT on the $1.43B market cap company or 28.21 % upside potential.
Honda Motor Co Ltd (ADR) (NYSE:HMC) has risen 4.10% since July 17, 2016 and is uptrending. The technology company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.52 by $0.34. The company had revenue of $114.67 million for 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%. Analysts forecast that Acacia Communications will post $1.97 earnings per share for the current fiscal year. During the same quarter in the prior year, the company earned $0.44 EPS. On average, analysts expect that Acacia Communications will post $2.19 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: "Ameriprise Financial Inc". Deane Retirement Strategies Inc. raised its position in shares of Acacia Communications by 6.9% in the second quarter.
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EI du Pont de Nemours and Company
Moreover, Wealth Enhancement Advisory Svcs Ltd has 0.09% invested in E I Du Pont De Nemours And Co (NYSE:DD) for 9,779 shares. RBC Capital Markets maintained E I Du Pont De Nemours And Co (NYSE:DD) on Friday, December 4 with "Sector Perform" rating.
ACIA has been the topic of a number of research analyst reports. July 14 investment analysts at Deutsche Bank maintained a company rating of "Buy" but raised the price target to $60.00 from $39.00. Acacia Communications has a consensus rating of "Buy" and a consensus price target of $62.17.
On June 23, 2017 DA Davidson initiated coverage with a rating of "Buy".
Meanwhile, Cowen reiterates an Outperform rating on Acacia but cuts the price target from $66 to $57.
Among 15 analysts covering Novartis Ag (NYSE:NVS), 4 have Buy rating, 3 Sell and 8 Hold. Morgan Stanley now owns 765,219 shares of the technology company's stock worth $44,857,000 after buying an additional 575,574 shares during the last quarter. The stock now has a consensus rating of Buy and a consensus price target of $65.11. Also, VP Mehrdad Givehchi sold 25,830 shares of the business's stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $46.54, for a total transaction of $1,202,128.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
In related news, CFO John F. Gavin sold 17,817 shares of the stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $54.52, for a total transaction of $971,382.84. Christian J. Rasmussen, VP Digital Signal Proc&Optics disclosed the sale of 10,060 shares of ACIA stock.
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If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & global copyright law. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.
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