Acacia Communications, Inc. (ACIA) Reaches $47.51 After 8.00% Down Move; Argentiere Capital Ag Cut Its Gilead Sciences (GILD) Stake

June 9, 2017 - By wolcottdaily

The stock of Acacia Communications, Inc. (NASDAQ:ACIA) is a huge mover today! About 121,209 shares traded. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 55.67% since June 9, 2016 and is uptrending. It has outperformed by 38.97% the S&P500.The move comes after 7 months negative chart setup for the $1.87B company. It was reported on Jun, 9 by Barchart.com. We have $43.71 PT which if reached, will make NASDAQ:ACIA worth $149.60 million less.

Argentiere Capital Ag decreased Gilead Sciences Inc (GILD) stake by 62.4% reported in 2016Q4 SEC filing. Argentiere Capital Ag sold 124,808 shares as Gilead Sciences Inc (GILD)’s stock declined 8.05%. The Argentiere Capital Ag holds 75,192 shares with $5.38 million value, down from 200,000 last quarter. Gilead Sciences Inc now has $83.58 billion valuation. The stock rose 0.06% or $0.04 reaching $64.16. About 1.05M shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since June 9, 2016 and is downtrending. It has underperformed by 38.50% the S&P500.

Among 5 analysts covering Acacia Communications (NASDAQ:ACIA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Acacia Communications had 9 analyst reports since June 7, 2016 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Thursday, December 8 by Morgan Stanley. Needham maintained the shares of ACIA in report on Friday, August 12 with “Buy” rating. Deutsche Bank initiated Acacia Communications, Inc. (NASDAQ:ACIA) on Tuesday, June 7 with “Buy” rating. The company was initiated on Tuesday, June 7 by Goldman Sachs. Needham initiated Acacia Communications, Inc. (NASDAQ:ACIA) rating on Tuesday, June 7. Needham has “Buy” rating and $48 target. On Tuesday, October 11 the stock rating was maintained by Needham with “Buy”. Deutsche Bank maintained it with “Buy” rating and $125 target in Friday, September 9 report. The rating was initiated by Cowen & Co on Tuesday, June 7 with “Outperform”. The company was maintained on Thursday, July 14 by Deutsche Bank.

Acacia Communications, Inc. provides high-speed coherent interconnect products. The company has market cap of $1.87 billion. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits , 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. It has a 14.22 P/E ratio. The Firm is also developing optical interconnect modules that will enable transmission speeds of one terabit (1,000 gigabits) per second and above.

Analysts await Gilead Sciences, Inc. (NASDAQ:GILD) to report earnings on July, 24. They expect $2.13 EPS, down 29.70% or $0.90 from last year’s $3.03 per share. GILD’s profit will be $2.77B for 7.53 P/E if the $2.13 EPS becomes a reality. After $2.20 actual EPS reported by Gilead Sciences, Inc. for the previous quarter, Wall Street now forecasts -3.18% negative EPS growth.

Investors sentiment decreased to 0.7 in 2016 Q4. Its down 0.23, from 0.93 in 2016Q3. It turned negative, as 106 investors sold GILD shares while 656 reduced holdings. 111 funds opened positions while 421 raised stakes. 950.84 million shares or 0.69% more from 944.29 million shares in 2016Q3 were reported. Oarsman Capital stated it has 1.2% in Gilead Sciences, Inc. (NASDAQ:GILD). 142,968 are held by Robecosam Ag. State Bank Of America De has invested 0.16% in Gilead Sciences, Inc. (NASDAQ:GILD). New York State Teachers Retirement Systems accumulated 2.45 million shares or 0.46% of the stock. Liberty Mutual Asset Incorporated invested 0.25% in Gilead Sciences, Inc. (NASDAQ:GILD). South Dakota Council owns 945,295 shares. Hightower Advsrs Lc reported 268,668 shares. Oakworth Capital Incorporated has 10,244 shares. Jpmorgan Chase Com owns 21.56M shares for 0.37% of their portfolio. Rench Wealth Management has invested 1.47% in Gilead Sciences, Inc. (NASDAQ:GILD). Twin holds 0.55% or 120,390 shares. Mcrae has invested 0.09% in Gilead Sciences, Inc. (NASDAQ:GILD). Midas Mngmt reported 33,000 shares stake. Nationwide Fund Advsrs stated it has 0.37% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Castleark Management Limited Liability Com has 17,650 shares.

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