Dimensional Fund Advisors LP Grows Stake in Cavium Inc (CAVM)

Dimensional Fund Advisors LP increased its position in shares of Cavium Inc (NASDAQ:CAVM) by 0.3% during the second quarter, HoldingsChannel.com reports. The firm owned 233,867 shares of the semiconductor provider’s stock after buying an additional 615 shares during the period. Dimensional Fund Advisors LP’s holdings in Cavium were worth $20,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Cavium by 4.8% during the second quarter. BlackRock Inc. now owns 3,315,018 shares of the semiconductor provider’s stock valued at $286,750,000 after purchasing an additional 150,881 shares during the period. Cowen Inc. increased its position in shares of Cavium by 475.1% during the first quarter. Cowen Inc. now owns 1,562,839 shares of the semiconductor provider’s stock valued at $124,058,000 after purchasing an additional 1,291,075 shares during the period. Inverness Counsel LLC NY increased its position in shares of Cavium by 79.3% during the second quarter. Inverness Counsel LLC NY now owns 501,747 shares of the semiconductor provider’s stock valued at $43,401,000 after purchasing an additional 221,922 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Cavium by 7.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 366,429 shares of the semiconductor provider’s stock valued at $31,697,000 after purchasing an additional 24,315 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Cavium by 475.0% during the second quarter. BNP Paribas Arbitrage SA now owns 332,317 shares of the semiconductor provider’s stock valued at $28,745,000 after purchasing an additional 274,526 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Separately, ValuEngine upgraded Cavium from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Cavium has an average rating of “Hold” and a consensus price target of $78.60.

Shares of NASDAQ:CAVM opened at $86.23 on Friday. Cavium Inc has a fifty-two week low of $56.96 and a fifty-two week high of $92.66. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 1,077.88 and a beta of 1.45. The company has a current ratio of 2.94, a quick ratio of 2.36 and a debt-to-equity ratio of 0.77.

Cavium 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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Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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