Capital Fund Management S.A. purchased a new stake in shares of Cavium, Inc. (NASDAQ:CAVM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 66,970 shares of the semiconductor provider’s stock, valued at approximately $4,161,000. Capital Fund Management S.A. owned about 0.10% of Cavium as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of Cavium by 1.2% during the 1st quarter. FMR LLC now owns 10,174,578 shares of the semiconductor provider’s stock valued at $729,110,000 after purchasing an additional 124,068 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cavium by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 5,121,457 shares of the semiconductor provider’s stock valued at $367,004,000 after purchasing an additional 211,144 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Cavium by 8.1% during the 1st quarter. Wellington Management Group LLP now owns 4,491,559 shares of the semiconductor provider’s stock valued at $321,865,000 after purchasing an additional 336,243 shares during the last quarter. BlackRock Inc. increased its position in shares of Cavium by 64,275.6% during the 1st quarter. BlackRock Inc. now owns 4,382,691 shares of the semiconductor provider’s stock valued at $314,065,000 after purchasing an additional 4,375,883 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Cavium by 29.5% during the 1st quarter. JPMorgan Chase & Co. now owns 2,964,350 shares of the semiconductor provider’s stock valued at $212,424,000 after purchasing an additional 675,059 shares during the last quarter. 98.25% of the stock is owned by hedge funds and other institutional investors.
Cavium, Inc. (NASDAQ:CAVM) opened at 62.34 on Tuesday. The company’s market capitalization is $4.29 billion. The firm has a 50-day moving average price of $61.71 and a 200 day moving average price of $67.32. Cavium, Inc. has a 1-year low of $50.81 and a 1-year high of $76.26.
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 Thomson Reuters’ 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 firm had revenue of $242.09 million during the quarter, compared to analysts’ expectations of $238.93 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 125.8% on a year-over-year basis. On average, equities analysts predict that Cavium, Inc. will post $2.79 EPS for the current year.
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In related news, COO Muhammad Raghib Hussain sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.65% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on CAVM shares. Canaccord Genuity reaffirmed a “hold” rating on shares of Cavium in a research report on Friday, August 4th. BidaskClub lowered shares of Cavium from a “hold” rating to a “sell” rating in a report on Monday, July 31st. KeyCorp reissued a “hold” rating on shares of Cavium in a report on Friday, September 1st. Barclays PLC raised shares of Cavium from an “equal weight” rating to an “overweight” rating in a report on Friday, July 21st. Finally, MKM Partners reissued a “buy” rating and issued a $81.00 target price on shares of Cavium in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Cavium currently has an average rating of “Buy” and a consensus price target of $77.13.
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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