Swiss National Bank grew its holdings in Cavium, Inc. (NASDAQ:CAVM) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,502 shares of the semiconductor provider’s stock after acquiring an additional 1,900 shares during the quarter. Swiss National Bank owned 165,069.81% of Cavium worth $7,484,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Solaris Asset Management LLC grew its holdings in shares of Cavium by 43.4% during the second quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock worth $143,000 after buying an additional 695 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Cavium by 107.3% during the second quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock valued at $160,000 after purchasing an additional 1,335 shares during the last quarter. World Asset Management Inc acquired a new position in Cavium during the third quarter valued at approximately $203,000. Tudor Investment Corp ET AL acquired a new position in Cavium during the second quarter valued at approximately $228,000. Finally, Pacad Investment Ltd. boosted its position in Cavium by 42.3% during the second quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock valued at $230,000 after purchasing an additional 1,100 shares during the last quarter.
CAVM has been the subject of a number of recent analyst reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Cavium in a research report on Tuesday, August 15th. BidaskClub raised Cavium from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. MKM Partners reissued a “buy” rating and set a $81.00 price target on shares of Cavium in a report on Wednesday, August 16th. Loop Capital reissued a “buy” rating and set a $81.00 price target on shares of Cavium in a report on Tuesday, August 22nd. Finally, KeyCorp reissued a “hold” rating on shares of Cavium in a report on Friday, September 1st. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Cavium has an average rating of “Hold” and an average target price of $78.41.
Shares of Cavium, Inc. (CAVM) traded up $0.39 on Thursday, reaching $84.99. The company’s stock had a trading volume of 1,897,481 shares, compared to its average volume of 1,054,678. The firm has a market cap of $5,869.25, a P/E ratio of 78.58, a PEG ratio of 3.07 and a beta of 1.36. Cavium, Inc. has a 52-week low of $56.96 and a 52-week high of $88.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.87 and a quick ratio of 2.27.
Cavium (NASDAQ:CAVM) last announced its quarterly earnings data on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Cavium had a positive return on equity of 11.16% and a negative net margin of 19.94%. The company had revenue of $251.99 million for the quarter, compared to the consensus estimate of $250.16 million. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 49.9% compared to the same quarter last year. equities research analysts forecast that Cavium, Inc. will post 1.33 EPS for the current fiscal year.
In other Cavium news, VP Anil Kumar Jain sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $85.90, for a total transaction of $730,150.00. Following the completion of the sale, the vice president now directly owns 91,616 shares of the company’s stock, valued at approximately $7,869,814.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $77.22, for a total value of $1,158,300.00. Following the completion of the transaction, the senior vice president now directly owns 60,039 shares of the company’s stock, valued at $4,636,211.58. The disclosure for this sale can be found here. Insiders own 4.65% of the company’s stock.
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Cavium Company Profile
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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