Zurcher Kantonalbank Zurich Cantonalbank Decreases Position in Cavium (CAVM)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Cavium (NASDAQ:CAVM) by 33.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,060 shares of the semiconductor provider’s stock after selling 2,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cavium were worth $322,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Cavium by 4.7% in the fourth quarter. BlackRock Inc. now owns 3,282,964 shares of the semiconductor provider’s stock valued at $275,211,000 after acquiring an additional 146,534 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Cavium by 194.7% in the fourth quarter. Deutsche Bank AG now owns 1,278,438 shares of the semiconductor provider’s stock valued at $107,168,000 after acquiring an additional 844,622 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Cavium by 33.4% in the fourth quarter. Bank of New York Mellon Corp now owns 881,869 shares of the semiconductor provider’s stock valued at $73,928,000 after acquiring an additional 220,651 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in shares of Cavium in the fourth quarter valued at about $69,825,000. Finally, Geode Capital Management LLC grew its stake in shares of Cavium by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 587,743 shares of the semiconductor provider’s stock valued at $49,270,000 after acquiring an additional 16,906 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

A number of brokerages have issued reports on CAVM. Raymond James 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 note on Friday, February 2nd. ValuEngine upgraded shares of Cavium from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. BidaskClub downgraded shares of Cavium from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Cavium from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Cavium from $68.00 to $81.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $79.33.

Cavium opened at $77.93 on Monday, Marketbeat reports. The stock has a market capitalization of $5.46 billion, a PE ratio of 974.13, a P/E/G ratio of 2.25 and a beta of 1.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.94 and a quick ratio of 2.36. Cavium has a 12 month low of $56.96 and a 12 month high of $92.66.

In other news, Director Sanjay Mehrotra sold 12,500 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $91.20, for a total value of $1,140,000.00. Following the completion of the transaction, the director now owns 85,511 shares of the company’s stock, valued at $7,798,603.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Anil Kumar Jain sold 20,924 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $92.52, for a total transaction of $1,935,888.48. Following the completion of the transaction, the vice president now directly owns 105,612 shares of the company’s stock, valued at approximately $9,771,222.24. The disclosure for this sale can be found here. Insiders sold 242,499 shares of company stock valued at $21,633,532 in the last three months. Company insiders own 4.65% of the company’s stock.

About Cavium

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.

Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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