Two Sigma Investments LP grew its holdings in shares of Cavium Inc (NASDAQ:CAVM) by 4,626.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,059 shares of the semiconductor provider’s stock after buying an additional 185,059 shares during the quarter. Two Sigma Investments LP owned 0.26% of Cavium worth $15,178,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vertex One Asset Management Inc. purchased a new stake in Cavium during the fourth quarter worth approximately $5,449,000. Deutsche Bank AG lifted its position in shares of Cavium by 194.7% during the fourth quarter. Deutsche Bank AG now owns 1,278,438 shares of the semiconductor provider’s stock worth $107,168,000 after purchasing an additional 844,622 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Cavium during the fourth quarter worth $5,227,000. Quantitative Investment Management LLC lifted its position in shares of Cavium by 60.0% during the fourth quarter. Quantitative Investment Management LLC now owns 79,500 shares of the semiconductor provider’s stock worth $6,664,000 after purchasing an additional 29,800 shares in the last quarter. Finally, Caption Management LLC acquired a new position in shares of Cavium during the fourth quarter worth $1,341,000. Institutional investors own 92.15% of the company’s stock.
CAVM has been the topic of a number of recent research reports. Benchmark cut shares of Cavium from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Jefferies Group cut shares of Cavium from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Loop Capital cut shares of Cavium from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research report on Tuesday, November 21st. Morgan Stanley cut shares of Cavium from an “overweight” rating to an “equal weight” rating and set a $77.00 target price on the stock. in a research report on Tuesday, November 21st. Finally, Macquarie cut shares of Cavium from an “outperform” rating to a “neutral” rating in a research report on Tuesday, November 21st. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Cavium has a consensus rating of “Hold” and a consensus target price of $79.77.
Cavium Inc (CAVM) opened at $86.95 on Friday. The company has a market cap of $6,059.40, a PE ratio of -85.25, a PEG ratio of 2.26 and a beta of 1.28. The company has a current ratio of 2.80, a quick ratio of 2.26 and a debt-to-equity ratio of 0.78. Cavium Inc has a 12-month low of $56.96 and a 12-month high of $92.66.
Cavium (NASDAQ:CAVM) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. The business had revenue of $260.36 million during the quarter, compared to analyst estimates of $260.05 million. Cavium had a negative net margin of 7.00% and a positive return on equity of 14.07%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. research analysts expect that Cavium Inc will post 2.05 EPS for the current fiscal year.
In related news, Director Anthony S. Thornley sold 12,500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $88.50, for a total value of $1,106,250.00. Following the completion of the transaction, the director now owns 21,511 shares in the company, valued at approximately $1,903,723.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anil Kumar Jain sold 20,924 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $92.52, for a total transaction of $1,935,888.48. Following the completion of the transaction, the vice president now owns 105,612 shares of the company’s stock, valued at approximately $9,771,222.24. The disclosure for this sale can be found here. Insiders have sold 353,962 shares of company stock valued at $31,361,100 in the last 90 days. Insiders own 4.65% of the company’s stock.
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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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