Two Sigma Investments LP Increases Holdings in Cavium Inc (NASDAQ:CAVM)

Two Sigma Investments LP raised its holdings in shares of Cavium Inc (NASDAQ:CAVM) by 4,626.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 181,059 shares of the semiconductor provider’s stock after purchasing an additional 185,059 shares during the period. Two Sigma Investments LP owned 0.26% of Cavium worth $15,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Delpha Capital Management LLC purchased a new position in Cavium during the 4th quarter valued at about $114,000. SG Americas Securities LLC purchased a new position in Cavium during the 4th quarter valued at about $115,000. Cerebellum GP LLC purchased a new position in Cavium during the 4th quarter valued at about $126,000. American International Group Inc. purchased a new position in shares of Cavium in the 4th quarter worth approximately $131,000. Finally, US Bancorp DE grew its position in shares of 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 buying an additional 1,107 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

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NASDAQ:CAVM traded down $0.87 during trading hours on Friday, hitting $77.59. 1,484,252 shares of the company were exchanged, compared to its average volume of 1,126,058. The company has a market cap of $5,419.58, a PE ratio of 969.88, a P/E/G ratio of 2.09 and a beta of 1.34. Cavium Inc has a 52-week low of $56.96 and a 52-week high of $92.66. 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 (NASDAQ:CAVM) last released its earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The company had revenue of $260.36 million for the quarter, compared to the consensus estimate of $260.05 million. Cavium had a negative net margin of 7.00% and a positive return on equity of 14.07%. Cavium’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 EPS. analysts expect that Cavium Inc will post 1.98 EPS for the current fiscal year.

In other Cavium news, Director Sanjay Mehrotra sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $91.20, for a total transaction of $1,140,000.00. Following the sale, the director now owns 85,511 shares of the company’s stock, valued at approximately $7,798,603.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Syed Ali sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was 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. In the last three months, insiders have sold 353,962 shares of company stock worth $31,361,100. 4.65% of the stock is owned by insiders.

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

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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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