Gilder Gagnon Howe & Co. LLC decreased its position in shares of Cavium, Inc. (NASDAQ:CAVM) by 23.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 442,428 shares of the semiconductor provider’s stock after selling 139,162 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.64% of Cavium worth $29,174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund raised its holdings in Cavium by 5.1% during the 3rd quarter. New York State Common Retirement Fund now owns 220,874 shares of the semiconductor provider’s stock worth $14,564,000 after purchasing an additional 10,684 shares during the last quarter. Suffolk Capital Management LLC raised its holdings in Cavium by 32.0% during the 3rd quarter. Suffolk Capital Management LLC now owns 233,646 shares of the semiconductor provider’s stock worth $15,407,000 after purchasing an additional 56,591 shares during the last quarter. Jennison Associates LLC raised its holdings in Cavium by 50.6% during the 3rd quarter. Jennison Associates LLC now owns 1,939,958 shares of the semiconductor provider’s stock worth $127,921,000 after purchasing an additional 652,177 shares during the last quarter. Swiss National Bank raised its holdings in Cavium by 1.7% during the 3rd quarter. Swiss National Bank now owns 113,502 shares of the semiconductor provider’s stock worth $7,484,000 after purchasing an additional 1,900 shares during the last quarter. Finally, World Asset Management Inc bought a new position in Cavium during the 3rd quarter worth approximately $203,000.

In other Cavium news, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction 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 transaction, the senior vice president now directly owns 60,039 shares of the company’s stock, valued at approximately $4,636,211.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Muhammad Raghib Hussain sold 20,000 shares of Cavium stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. The disclosure for this sale can be found here. 4.65% of the stock is owned by insiders.

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Shares of Cavium, Inc. (NASDAQ:CAVM) traded up $0.01 during mid-day trading on Tuesday, reaching $77.36. 540,100 shares of the company’s stock were exchanged, compared to its average volume of 890,137. The company has a market cap of $5,347.67, a price-to-earnings ratio of 71.62, a PEG ratio of 2.79 and a beta of 1.27. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81. Cavium, Inc. has a fifty-two week low of $53.62 and a fifty-two week high of $77.50.

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

Several research analysts have issued reports on CAVM shares. Jefferies Group LLC set a $79.00 price target on shares of Cavium and gave the stock a “buy” rating in a report on Thursday, October 19th. Barclays PLC upgraded shares of Cavium from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $75.00 price objective on shares of Cavium in a research note on Thursday, September 14th. Morgan Stanley lowered their price objective on shares of Cavium from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $66.00 price objective on shares of Cavium in a research note on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Cavium has an average rating of “Buy” and an average price target of $77.88.

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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