Janus Henderson Group PLC lifted its stake in shares of Cavium, Inc. (NASDAQ:CAVM) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 743,505 shares of the semiconductor provider’s stock after acquiring an additional 52,615 shares during the quarter. Janus Henderson Group PLC owned approximately 1.08% of Cavium worth $46,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of CAVM. BlackRock Inc. raised its position in shares of Cavium by 64,275.6% during the first quarter. BlackRock Inc. now owns 4,382,691 shares of the semiconductor provider’s stock worth $314,065,000 after acquiring an additional 4,375,883 shares during the last quarter. Fred Alger Management Inc. raised its position in shares of Cavium by 36.2% during the second quarter. Fred Alger Management Inc. now owns 1,275,464 shares of the semiconductor provider’s stock worth $79,245,000 after acquiring an additional 339,019 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Cavium by 1,564.3% during the second quarter. Renaissance Technologies LLC now owns 266,833 shares of the semiconductor provider’s stock worth $16,578,000 after acquiring an additional 250,800 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cavium by 4.3% during the first quarter. Vanguard Group Inc. now owns 5,121,457 shares of the semiconductor provider’s stock worth $367,004,000 after acquiring an additional 211,144 shares during the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of Cavium during the first quarter worth about $14,616,000. Institutional investors own 98.38% of the company’s stock.
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A number of equities analysts have recently issued reports on the company. MKM Partners restated a “buy” rating and set a $81.00 price objective on shares of Cavium in a research report on Wednesday, August 16th. Barclays PLC upgraded Cavium from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 21st. Loop Capital restated a “buy” rating and set a $81.00 price objective on shares of Cavium in a research report on Tuesday, August 22nd. BidaskClub upgraded Cavium from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Canaccord Genuity restated a “hold” rating on shares of Cavium in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $78.13.
In other Cavium news, COO Muhammad Raghib Hussain sold 20,000 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.65% of the company’s stock.
Cavium, Inc. (CAVM) opened at 68.34 on Friday. The company’s 50 day moving average price is $65.61 and its 200 day moving average price is $66.82. The stock’s market cap is $4.70 billion. Cavium, Inc. has a 12 month low of $50.81 and a 12 month high of $76.26.
Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, beating the 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 business had revenue of $242.09 million for the quarter, compared to the consensus estimate of $238.93 million. During the same period last year, the business posted $0.29 EPS. The company’s revenue was up 125.8% compared to the same quarter last year. Equities analysts forecast that Cavium, Inc. will post $2.79 EPS for the current fiscal 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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