Chartwell Investment Partners LLC Cuts Stake in Cavium, Inc. (CAVM)

Chartwell Investment Partners LLC decreased its position in Cavium, Inc. (NASDAQ:CAVM) by 36.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,564 shares of the semiconductor provider’s stock after selling 34,632 shares during the period. Chartwell Investment Partners LLC owned about 0.09% of Cavium worth $3,825,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CAVM. FMR LLC raised its position in shares of Cavium by 1.2% in the first quarter. FMR LLC now owns 10,174,578 shares of the semiconductor provider’s stock worth $729,110,000 after buying an additional 124,068 shares during the period. Vanguard Group Inc. raised its position in shares of Cavium by 4.3% in the first quarter. Vanguard Group Inc. now owns 5,121,457 shares of the semiconductor provider’s stock worth $367,004,000 after buying an additional 211,144 shares during the period. Wellington Management Group LLP raised its position in shares of Cavium by 8.1% in the first quarter. Wellington Management Group LLP now owns 4,491,559 shares of the semiconductor provider’s stock worth $321,865,000 after buying an additional 336,243 shares during the period. BlackRock Inc. raised its position in shares of Cavium by 64,275.6% in the first quarter. BlackRock Inc. now owns 4,382,691 shares of the semiconductor provider’s stock worth $314,065,000 after buying an additional 4,375,883 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Cavium by 29.5% in the first quarter. JPMorgan Chase & Co. now owns 2,964,350 shares of the semiconductor provider’s stock worth $212,424,000 after buying an additional 675,059 shares during the period.

Shares of Cavium, Inc. (NASDAQ CAVM) opened at 61.13 on Monday. The company’s market cap is $4.20 billion. Cavium, Inc. has a 12-month low of $50.30 and a 12-month high of $76.26. The stock has a 50 day moving average of $62.89 and a 200 day moving average of $67.73.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.02. Cavium had a positive return on equity of 5.94% and a negative net margin of 22.82%. The company had revenue of $242.09 million for the quarter, compared to analysts’ expectations of $238.93 million. During the same quarter last year, the business earned $0.29 earnings per share. Cavium’s revenue was up 125.8% on a year-over-year basis. On average, equities analysts expect that Cavium, Inc. will post $2.79 earnings per share for the current fiscal year.

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CAVM has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Cavium from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, April 28th. Longbow Research initiated coverage on shares of Cavium in a research report on Friday, June 9th. They set a “buy” rating and a $85.00 target price on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $66.00 target price on shares of Cavium in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Cavium from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. Finally, Stifel Nicolaus boosted their target price on shares of Cavium from $55.00 to $66.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $76.13.

Cavium Company Profile

Cavium, Inc is a provider of integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage and security applications. The Company’s products consist of multi-core processors for embedded and data center applications, network connectivity for server and switches, storage connectivity, and security processors for offload and appliance.

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Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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