Alliancebernstein L.P. Acquires 274,390 Shares of Cavium Inc (CAVM)

Alliancebernstein L.P. grew its stake in shares of Cavium Inc (NASDAQ:CAVM) by 130.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 484,307 shares of the semiconductor provider’s stock after buying an additional 274,390 shares during the quarter. Alliancebernstein L.P. owned 0.69% of Cavium worth $40,599,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Delpha Capital Management LLC purchased a new position in Cavium in the 4th quarter worth $114,000. SG Americas Securities LLC purchased a new position in Cavium in the 4th quarter worth $115,000. Cerebellum GP LLC purchased a new position in Cavium in the 4th quarter worth $126,000. American International Group Inc. purchased a new position in Cavium in the 4th quarter worth $131,000. Finally, US Bancorp DE raised its position in Cavium by 201.3% in the 4th quarter. US Bancorp DE now owns 1,657 shares of the semiconductor provider’s stock worth $139,000 after purchasing an additional 1,107 shares during the period. Institutional investors own 92.11% of the company’s stock.

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In other news, Director Anthony S. Thornley sold 12,500 shares of Cavium stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $88.50, for a total transaction of $1,106,250.00. Following the sale, the director now owns 21,511 shares of the company’s stock, valued at approximately $1,903,723.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Syed Ali sold 125,000 shares of Cavium stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $88.71, for a total transaction of $11,088,750.00. Following the sale, the chief executive officer now directly owns 2,023,101 shares in the company, valued at approximately $179,469,289.71. The disclosure for this sale can be found here. Insiders have sold a total of 353,962 shares of company stock worth $31,361,100 in the last ninety days. Insiders own 4.65% of the company’s stock.

A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Cavium from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Stifel Nicolaus raised their price target on shares of Cavium from $68.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Raymond James Financial lowered shares of Cavium from an “outperform” rating to a “market perform” rating and set a $80.00 price target on the stock. in a report on Friday, February 2nd. Finally, BidaskClub lowered shares of Cavium from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $79.33.

Shares of CAVM traded down $0.87 during trading hours on Friday, reaching $77.59. 1,484,252 shares of the company traded hands, compared to its average volume of 1,126,058. The firm has a market capitalization of $5,480.35, a price-to-earnings ratio of 969.88, a PEG ratio of 2.11 and a beta of 1.34. 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 announced its earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $260.36 million for 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 revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. research analysts forecast that Cavium Inc will post 1.98 EPS for the current fiscal year.

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About Cavium

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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