Oak Ridge Investments LLC Has $29.54 Million Stake in Cavium, Inc. (CAVM)
Oak Ridge Investments LLC grew its position in Cavium, Inc. (NASDAQ:CAVM) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447,963 shares of the semiconductor provider’s stock after buying an additional 42,191 shares during the period. Cavium accounts for approximately 1.2% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 27th largest position. Oak Ridge Investments LLC owned 0.65% of Cavium worth $29,539,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of CAVM. Solaris Asset Management LLC grew its stake in shares of Cavium by 43.4% in the 2nd quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock valued at $143,000 after buying an additional 695 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Cavium by 107.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock valued at $160,000 after buying an additional 1,335 shares during the period. World Asset Management Inc purchased a new stake in shares of Cavium in the 3rd quarter valued at approximately $203,000. Tudor Investment Corp ET AL purchased a new stake in shares of Cavium in the 2nd quarter valued at approximately $228,000. Finally, Pacad Investment Ltd. grew its stake in shares of Cavium by 42.3% in the 2nd quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock valued at $230,000 after buying an additional 1,100 shares during the period.
Several analysts have recently weighed in on CAVM shares. Barclays PLC raised shares of Cavium from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. BidaskClub cut 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 report on Monday, August 7th. Finally, MKM Partners restated a “buy” rating and issued a $81.00 price objective on shares of Cavium in a report on Wednesday, August 16th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $78.50.
In other Cavium news, SVP Vincent P. Pangrazio sold 15,000 shares of the 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 sale, the senior vice president now directly owns 60,039 shares of the company’s stock, valued at approximately $4,636,211.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.65% of the company’s stock.
Cavium, Inc. (CAVM) traded up $0.69 during trading on Thursday, reaching $76.48. 202,876 shares of the company’s stock were exchanged, compared to its average volume of 887,881. The firm has a market cap of $5,280.00, a price-to-earnings ratio of 71.49, a PEG ratio of 2.79 and a beta of 1.27. Cavium, Inc. has a 12 month low of $53.73 and a 12 month high of $77.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.27 and a current ratio of 2.87.
Cavium (NASDAQ:CAVM) last announced its quarterly earnings data 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. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The company had revenue of $251.99 million for the quarter, compared to the consensus estimate of $250.16 million. During the same period in the prior year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 49.9% compared to the same quarter last year. analysts predict that Cavium, Inc. will post 1.33 EPS for the current year.
Cavium Company 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.
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