Winfield Associates Inc. lessened its holdings in Cavium, Inc. (NASDAQ:CAVM) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,905 shares of the semiconductor provider’s stock after selling 795 shares during the quarter. Winfield Associates Inc.’s holdings in Cavium were worth $719,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. Solaris Asset Management LLC raised its stake in shares of Cavium by 43.4% in the second quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock worth $143,000 after purchasing an additional 695 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Cavium by 107.3% during the second quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock worth $160,000 after buying an additional 1,335 shares in the last quarter. World Asset Management Inc purchased a new stake in Cavium in the third quarter valued at $203,000. Tudor Investment Corp ET AL acquired a new stake in shares of Cavium in the second quarter valued at $228,000. Finally, Pacad Investment Ltd. grew its stake in shares of Cavium by 42.3% in the second quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock valued at $230,000 after buying an additional 1,100 shares in the last quarter.
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CAVM has been the subject of several analyst reports. Zacks Investment Research cut Cavium from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Canaccord Genuity boosted their target price on Cavium from $66.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, November 2nd. Morgan Stanley lowered their price target on Cavium from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Needham & Company LLC reissued a “buy” rating and set a $78.00 price target on shares of Cavium in a research note on Thursday, November 2nd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $81.00 target price on shares of Cavium in a research report on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Cavium has a consensus rating of “Buy” and an average target price of $77.88.
Cavium, Inc. (CAVM) traded up $1.19 during trading on Monday, hitting $77.35. 718,600 shares of the company were exchanged, compared to its average volume of 891,742. The firm has a market cap of $5,347.67, a P/E ratio of 71.62, a PEG ratio of 2.79 and a beta of 1.27. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81. Cavium, Inc. has a 52 week low of $52.35 and a 52 week high of $77.50.
Cavium (NASDAQ:CAVM) last posted its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The firm had revenue of $251.99 million during the quarter, compared to analyst estimates of $250.16 million. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The business’s revenue was up 49.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. analysts anticipate that Cavium, Inc. will post 1.33 earnings per share for the current fiscal year.
In other news, COO Muhammad Raghib Hussain sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.65% of the company’s stock.
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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