Cavium, Inc. (CAVM) Position Boosted by Swiss National Bank
Swiss National Bank increased its position in Cavium, Inc. (NASDAQ:CAVM) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 113,502 shares of the semiconductor provider’s stock after purchasing an additional 1,900 shares during the period. Swiss National Bank owned about 165,069.81% of Cavium worth $7,484,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Wasatch Advisors Inc. boosted its stake in Cavium by 3.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,581,155 shares of the semiconductor provider’s stock worth $160,367,000 after purchasing an additional 98,066 shares during the period. Fred Alger Management Inc. boosted its stake in shares of Cavium by 36.2% during the 2nd quarter. Fred Alger Management Inc. now owns 1,275,464 shares of the semiconductor provider’s stock valued at $79,245,000 after buying an additional 339,019 shares during the period. Royal Bank of Canada boosted its stake in shares of Cavium by 3.8% during the 2nd quarter. Royal Bank of Canada now owns 1,025,067 shares of the semiconductor provider’s stock valued at $63,688,000 after buying an additional 37,719 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Cavium by 21.6% during the 2nd quarter. Victory Capital Management Inc. now owns 949,954 shares of the semiconductor provider’s stock valued at $59,020,000 after buying an additional 168,545 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Cavium by 23.5% during the 3rd quarter. Fisher Asset Management LLC now owns 916,197 shares of the semiconductor provider’s stock valued at $60,414,000 after buying an additional 174,209 shares during the period.
CAVM has been the subject of a number of research reports. BidaskClub lowered shares of Cavium from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Canaccord Genuity reissued a “hold” rating on shares of Cavium in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Cavium from a “hold” rating to a “strong sell” rating in a research note on Monday, August 7th. MKM Partners reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Cavium in a research note on Wednesday, August 16th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Cavium in a research note on Tuesday, August 22nd. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $80.71.
In other news, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the sale, the senior vice president now directly owns 60,039 shares in the company, valued at approximately $4,636,211.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.65% of the stock is currently owned by insiders.
Shares of Cavium, Inc. (NASDAQ:CAVM) opened at $87.20 on Wednesday. The company has a current ratio of 2.87, a quick ratio of 2.27 and a debt-to-equity ratio of 0.81. Cavium, Inc. has a 12-month low of $53.73 and a 12-month high of $87.57. The firm has a market cap of $6,030.00, a PE ratio of 77.80, a PEG ratio of 3.03 and a beta of 1.27.
Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The business had revenue of $251.99 million for the quarter, compared to analyst estimates of $250.16 million. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 49.9% on a year-over-year basis. analysts anticipate that Cavium, Inc. will post 1.33 earnings per share for the current year.
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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