First Trust Advisors LP lessened its stake in Cavium, Inc. (NASDAQ:CAVM) by 13.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,808 shares of the semiconductor provider’s stock after selling 4,300 shares during the quarter. First Trust Advisors LP’s holdings in Cavium were worth $1,834,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Wasatch Advisors Inc. raised its stake in Cavium by 3.9% in the second quarter. Wasatch Advisors Inc. now owns 2,581,155 shares of the semiconductor provider’s stock valued at $160,367,000 after purchasing an additional 98,066 shares in the last quarter. Fred Alger Management Inc. raised its stake in Cavium by 36.2% in the second quarter. Fred Alger Management Inc. now owns 1,275,464 shares of the semiconductor provider’s stock valued at $79,245,000 after purchasing an additional 339,019 shares in the last quarter. Royal Bank of Canada raised its stake in Cavium by 3.8% in the second quarter. Royal Bank of Canada now owns 1,025,067 shares of the semiconductor provider’s stock valued at $63,688,000 after purchasing an additional 37,719 shares in the last quarter. Victory Capital Management Inc. raised its stake in Cavium by 21.6% in the second quarter. Victory Capital Management Inc. now owns 949,954 shares of the semiconductor provider’s stock valued at $59,020,000 after purchasing an additional 168,545 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Cavium by 23.5% in the third quarter. Fisher Asset Management LLC now owns 916,197 shares of the semiconductor provider’s stock valued at $60,414,000 after purchasing an additional 174,209 shares in the last quarter.

In other news, VP Anil Kumar Jain sold 8,500 shares of the company’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 value of $730,150.00. Following the completion of the transaction, the vice president now owns 91,616 shares of the company’s stock, valued at $7,869,814.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the company’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 value of $1,158,300.00. Following the completion of the transaction, the senior vice president now directly owns 60,039 shares of the company’s stock, valued at approximately $4,636,211.58. The disclosure for this sale can be found here. 4.65% of the stock is currently owned by insiders.

Cavium, Inc. (CAVM) opened at $87.60 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.27 and a current ratio of 2.87. The company has a market capitalization of $6,141.03, a PE ratio of 82.22, a price-to-earnings-growth ratio of 3.20 and a beta of 1.27. Cavium, Inc. has a 52 week low of $53.76 and a 52 week high of $88.96.

Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 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 the consensus estimate of $250.16 million. Cavium had a positive return on equity of 11.16% and a negative net margin of 19.94%. The business’s quarterly revenue was up 49.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. sell-side analysts forecast that Cavium, Inc. will post 1.33 EPS for the current year.

A number of research firms recently commented on CAVM. BidaskClub raised Cavium from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a $66.00 price target on shares of Cavium in a research note on Tuesday, August 15th. Zacks Investment Research downgraded Cavium from a “hold” rating to a “strong sell” rating in a research note on Monday, August 7th. Jefferies Group LLC downgraded Cavium from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Loop Capital downgraded Cavium from a “buy” rating to a “hold” rating and set a $84.00 price target for the company. in a research note on Tuesday, November 21st. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Cavium presently has a consensus rating of “Hold” and a consensus target price of $78.41.

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Cavium Profile

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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