Traders Buy Shares of Cavium (CAVM) on Weakness

Traders purchased shares of Cavium Inc (NASDAQ:CAVM) on weakness during trading on Friday. $47.47 million flowed into the stock on the tick-up and $19.60 million flowed out of the stock on the tick-down, for a money net flow of $27.87 million into the stock. Of all equities tracked, Cavium had the 23rd highest net in-flow for the day. Cavium traded down ($0.72) for the day and closed at $86.50

CAVM has been the topic of a number of analyst reports. BidaskClub cut Cavium from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. ValuEngine cut Cavium from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $78.82.

The company has a market capitalization of $5.56 billion, a PE ratio of 1,083.63 and a beta of 1.41. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.94 and a quick ratio of 2.36.

A number of large investors have recently made changes to their positions in the stock. City Financial Investment Co Ltd bought a new position in Cavium in the first quarter worth approximately $6,350,000. Allianz Asset Management GmbH bought a new position in Cavium in the first quarter worth approximately $5,806,000. Amalgamated Bank grew its stake in Cavium by 6.8% in the first quarter. Amalgamated Bank now owns 14,322 shares of the semiconductor provider’s stock worth $1,137,000 after purchasing an additional 909 shares in the last quarter. Principal Financial Group Inc. grew its stake in Cavium by 128.9% in the first quarter. Principal Financial Group Inc. now owns 9,125 shares of the semiconductor provider’s stock worth $724,000 after purchasing an additional 5,139 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in Cavium by 31.8% in the first quarter. Xact Kapitalforvaltning AB now owns 8,295 shares of the semiconductor provider’s stock worth $658,000 after purchasing an additional 2,000 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

Cavium Company Profile

Cavium, Inc designs, develops, and markets semiconductor processors for intelligent and secure networks in the United States and internationally. The company offers integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage, and security applications.

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