Shaker Investments LLC OH raised its stake in Cavium Inc (NASDAQ:CAVM) by 275.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the semiconductor provider’s stock after acquiring an additional 7,700 shares during the period. Shaker Investments LLC OH’s holdings in Cavium were worth $908,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in CAVM. Macquarie Group Ltd. bought a new stake in Cavium in the fourth quarter valued at $2,157,000. Xact Kapitalforvaltning AB bought a new stake in shares of Cavium during the fourth quarter worth $528,000. Inverness Counsel LLC NY grew its holdings in shares of Cavium by 0.3% during the first quarter. Inverness Counsel LLC NY now owns 279,825 shares of the semiconductor provider’s stock worth $22,213,000 after purchasing an additional 855 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Cavium by 7,874.3% during the first quarter. SG Americas Securities LLC now owns 109,567 shares of the semiconductor provider’s stock worth $8,697,000 after purchasing an additional 108,193 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Cavium by 2.2% during the first quarter. Swiss National Bank now owns 119,802 shares of the semiconductor provider’s stock worth $9,510,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.
Several equities analysts have recently issued reports on the company. ValuEngine lowered Cavium from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. BidaskClub lowered Cavium from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $78.82.
Shares of Cavium remained flat at $$86.23 during mid-day trading on Monday, Marketbeat.com reports. The company has a market capitalization of $6.04 billion, a PE ratio of 1,077.88 and a beta of 1.45. The company has a current ratio of 2.94, a quick ratio of 2.36 and a debt-to-equity ratio of 0.77. Cavium Inc has a 12-month low of $56.96 and a 12-month high of $92.66.
Cavium (NASDAQ:CAVM) last released its quarterly earnings results on Wednesday, May 2nd. The semiconductor provider reported ($0.60) earnings per share for the quarter. The firm had revenue of $230.76 million for the quarter, compared to analyst estimates of $249.58 million. Cavium had a positive return on equity of 6.16% and a negative net margin of 6.12%.
Cavium Company Profile
Cavium, Inc designs, develops, and markets semiconductor processors for intelligent and secure networks in the United States and internationally. The company offers integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage, and security applications.
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