Bank of Montreal Can grew its holdings in Cavium Inc (NASDAQ:CAVM) by 605.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,186 shares of the semiconductor provider’s stock after acquiring an additional 5,309 shares during the period. Bank of Montreal Can’s holdings in Cavium were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Frontier Capital Management Co. LLC lifted its position in shares of Cavium by 581.0% in the third quarter. Frontier Capital Management Co. LLC now owns 820,499 shares of the semiconductor provider’s stock valued at $54,104,000 after acquiring an additional 700,015 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Cavium by 23.5% in the third quarter. Fisher Asset Management LLC now owns 916,197 shares of the semiconductor provider’s stock valued at $60,414,000 after acquiring an additional 174,209 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Cavium by 31.5% in the third quarter. Russell Investments Group Ltd. now owns 663,843 shares of the semiconductor provider’s stock valued at $43,774,000 after acquiring an additional 158,866 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Cavium in the third quarter valued at about $10,873,000. Finally, Cipher Capital LP purchased a new position in shares of Cavium in the third quarter valued at about $491,000. Institutional investors and hedge funds own 86.39% of the company’s stock.
Shares of Cavium Inc (NASDAQ:CAVM) opened at $88.60 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.87 and a quick ratio of 2.27. The company has a market capitalization of $6,180.00, a PE ratio of -75.08, a P/E/G ratio of 2.17 and a beta of 1.33. Cavium Inc has a 52-week low of $56.96 and a 52-week high of $90.83.
Cavium (NASDAQ:CAVM) last posted its earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.37% and a negative net margin of 4.67%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. analysts anticipate that Cavium Inc will post 2.14 EPS for the current fiscal year.
In other Cavium news, CFO Arthur D. Chadwick sold 67,404 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.24, for a total transaction of $5,880,324.96. Following the sale, the chief financial officer now directly owns 116,811 shares of the company’s stock, valued at $10,190,591.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Muhammad Raghib Hussain sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.22, for a total value of $1,744,400.00. The disclosure for this sale can be found here. Insiders sold 174,761 shares of company stock worth $15,324,869 over the last quarter. 4.65% of the stock is owned by company insiders.
Several brokerages have recently commented on CAVM. Zacks Investment Research upgraded Cavium from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Jefferies Group restated a “buy” rating and issued a $40.00 price objective on shares of Cavium in a research report on Sunday, November 26th. Stifel Nicolaus boosted their price objective on Cavium from $68.00 to $81.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Susquehanna Bancshares restated a “neutral” rating and issued a $83.00 price objective (down from $85.00) on shares of Cavium in a research report on Tuesday, November 21st. Finally, Raymond James Financial downgraded 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. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Cavium currently has a consensus rating of “Hold” and an average price target of $79.93.
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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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