Ameriprise Financial Inc. boosted its stake in shares of Cavium, Inc. (NASDAQ:CAVM) by 42.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,425,325 shares of the semiconductor provider’s stock after acquiring an additional 1,027,760 shares during the quarter. Ameriprise Financial Inc. owned approximately 4.98% of Cavium worth $225,867,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Solaris Asset Management LLC lifted its position in Cavium by 43.4% during the 2nd quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock valued at $143,000 after purchasing an additional 695 shares during the period. BNP Paribas Arbitrage SA lifted its position in Cavium by 107.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock valued at $160,000 after purchasing an additional 1,335 shares during the period. World Asset Management Inc acquired a new position in Cavium during the 3rd quarter valued at about $203,000. Tudor Investment Corp ET AL acquired a new position in Cavium during the 2nd quarter valued at about $228,000. Finally, Pacad Investment Ltd. lifted its position in Cavium by 42.3% during the 2nd quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock valued at $230,000 after purchasing an additional 1,100 shares during the period.

In other Cavium news, SVP Vincent P. Pangrazio sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anil Kumar Jain sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $85.90, for a total transaction of $730,150.00. Following the sale, the vice president now owns 91,616 shares in the company, valued at $7,869,814.40. The disclosure for this sale can be found here. Company insiders own 4.65% of the company’s stock.

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Shares of Cavium, Inc. (CAVM) opened at $88.60 on Friday. The firm has a market cap of $6,127.20, a P/E ratio of 82.04, a P/E/G ratio of 3.20 and a beta of 1.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.87 and a quick ratio of 2.27. Cavium, Inc. has a 52-week low of $53.76 and a 52-week high of $88.84.

Cavium (NASDAQ:CAVM) last announced its quarterly earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $251.99 million for the quarter, compared to the consensus estimate of $250.16 million. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. Cavium’s revenue for the quarter was up 49.9% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. research analysts predict that Cavium, Inc. will post 1.33 earnings per share for the current fiscal year.

CAVM has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Cavium from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, November 6th. Canaccord Genuity upped their target price on shares of Cavium from $66.00 to $67.00 and gave the company a “hold” rating in a research report on Thursday, November 2nd. Morgan Stanley downgraded shares of Cavium from an “overweight” rating to an “equal weight” rating and set a $77.00 price target on the stock. in a research report on Tuesday. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $75.00 price target on shares of Cavium in a research report on Thursday, September 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Cavium in a research report on Friday, September 1st. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Cavium has an average rating of “Hold” and a consensus price target of $80.71.

About Cavium

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.

Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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