Legal & General Group Plc increased its holdings in Cavium Inc (NASDAQ:CAVM) by 16.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,167 shares of the semiconductor provider’s stock after purchasing an additional 4,195 shares during the period. Legal & General Group Plc’s holdings in Cavium were worth $1,924,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in Cavium by 107.3% during 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 last quarter. World Asset Management Inc bought a new stake in Cavium during the 3rd quarter valued at $203,000. Tudor Investment Corp ET AL bought a new stake in Cavium during the 2nd quarter valued at $228,000. Pacad Investment Ltd. raised its holdings in Cavium by 42.3% during 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 last quarter. Finally, D.A. Davidson & CO. raised its holdings in Cavium by 3.5% during the 2nd quarter. D.A. Davidson & CO. now owns 3,768 shares of the semiconductor provider’s stock valued at $234,000 after buying an additional 129 shares during the last quarter.
In other Cavium news, VP Anil Kumar Jain sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total transaction of $730,150.00. Following the sale, the vice president now owns 91,616 shares in the company, valued at approximately $7,869,814.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the sale, the senior vice president now owns 60,039 shares in the company, valued at approximately $4,636,211.58. The disclosure for this sale can be found here. 4.65% of the stock is owned by corporate insiders.
Several research analysts have commented on the stock. Jefferies Group lowered shares of Cavium from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. Canaccord Genuity upped their price objective on shares of Cavium from $66.00 to $67.00 and gave the stock a “hold” rating in a report on Thursday, November 2nd. Loop Capital lowered shares of Cavium from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a report on Tuesday, November 21st. BidaskClub lowered shares of Cavium from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Morgan Stanley decreased their price objective on shares of Cavium from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $78.41.
Shares of Cavium Inc (CAVM) opened at $89.99 on Friday. 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 stock has a market cap of $6,119.59, a PE ratio of -31.91, a PEG ratio of 2.17 and a beta of 1.35. Cavium Inc has a 1-year low of $56.96 and a 1-year high of $90.83.
Cavium (NASDAQ:CAVM) last issued its quarterly earnings data on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $251.99 million for the quarter, compared to analysts’ expectations of $250.16 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s quarterly revenue was up 49.9% on a year-over-year basis. sell-side analysts forecast that Cavium Inc will post 1.33 earnings per share for the current year.
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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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