Acacia Communications (ACIA) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 65 from a previous price target of $48 . Needham advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Acacia Communications. Company shares were Reiterated by Deutsche Bank on Jul 14, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $50 .Acacia Communications was Initiated by Goldman to “Neutral” on Jun 7, 2016. Needham Initiated Acacia Communications on Jun 7, 2016 to “Buy”, Price Target of the shares are set at $48.
In a different news, on May 20, 2016, Murugesan Shanmugaraj (President & CEO) sold 50,000 shares at $21.39 per share price. According to the SEC, on May 20, 2016, Eric A Swanson (director) sold 65,000 shares at $21.39 per share price. On May 20, 2016, Christian J. Rasmussen (VP Digital Signal Proc&Optics) sold 103,772 shares at $21.39 per share price, according to the Form-4 filing with the securities and exchange commission.