Solaris Asset Management LLC raised its stake in Cavium, Inc. (NASDAQ:CAVM) by 43.4% during the second quarter, Holdings Channel reports. The firm owned 2,295 shares of the semiconductor provider’s stock after buying an additional 695 shares during the period. Solaris Asset Management LLC’s holdings in Cavium were worth $143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in Cavium by 64,275.6% in the first quarter. BlackRock Inc. now owns 4,382,691 shares of the semiconductor provider’s stock valued at $314,065,000 after buying an additional 4,375,883 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Cavium by 29.5% in the first quarter. JPMorgan Chase & Co. now owns 2,964,350 shares of the semiconductor provider’s stock valued at $212,424,000 after buying an additional 675,059 shares during the last quarter. Fisher Asset Management LLC increased its stake in Cavium by 582.8% in the first quarter. Fisher Asset Management LLC now owns 754,633 shares of the semiconductor provider’s stock valued at $54,077,000 after buying an additional 644,110 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in Cavium by 120.4% in the first quarter. Westfield Capital Management Co. LP now owns 695,915 shares of the semiconductor provider’s stock valued at $49,869,000 after buying an additional 380,165 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Cavium by 8.1% in the first quarter. Wellington Management Group LLP now owns 4,491,559 shares of the semiconductor provider’s stock valued at $321,865,000 after buying an additional 336,243 shares during the last quarter.

Cavium, Inc. (NASDAQ CAVM) opened at 59.57 on Thursday. The firm’s market cap is $4.06 billion. The firm’s 50 day moving average price is $63.89 and its 200-day moving average price is $68.00. Cavium, Inc. has a one year low of $48.53 and a one year high of $76.26.

Cavium (NASDAQ:CAVM) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor provider reported $0.67 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $242.09 million for the quarter, compared to analyst estimates of $238.93 million. During the same quarter in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 125.8% compared to the same quarter last year. Equities analysts predict that Cavium, Inc. will post $2.79 EPS for the current fiscal year.

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Several analysts have weighed in on the company. Zacks Investment Research downgraded Cavium from a “hold” rating to a “strong sell” rating in a research note on Monday. Canaccord Genuity reiterated a “hold” rating on shares of Cavium in a research note on Friday, August 4th. BidaskClub downgraded Cavium from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Barclays PLC upgraded Cavium from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. Finally, Jefferies Group LLC upgraded Cavium from a “hold” rating to a “buy” rating and boosted their price target for the company from $73.00 to $79.00 in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $74.53.

In other news, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $75.73, for a total transaction of $1,135,950.00. Following the completion of the sale, the senior vice president now directly owns 60,039 shares in the company, valued at approximately $4,546,753.47. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Arthur D. Chadwick sold 40,000 shares of Cavium stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $75.14, for a total transaction of $3,005,600.00. Following the sale, the vice president now owns 75,383 shares of the company’s stock, valued at $5,664,278.62. The disclosure for this sale can be found here. 4.65% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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