Cavium (CAVM) Sees Large Volume Increase

Cavium Inc (NASDAQ:CAVM) shares saw unusually-strong trading volume on Thursday . Approximately 6,415,272 shares traded hands during mid-day trading, an increase of 473% from the previous session’s volume of 1,119,225 shares.The stock last traded at $87.22 and had previously closed at $79.46.

A number of equities analysts recently commented on CAVM shares. BidaskClub downgraded Cavium from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. ValuEngine downgraded Cavium from a “hold” rating to a “sell” rating in a report on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $78.82.

The company has a debt-to-equity ratio of 0.77, a current ratio of 2.94 and a quick ratio of 2.36. The firm has a market cap of $5.55 billion, a P/E ratio of 1,090.25 and a beta of 1.41.

A number of hedge funds have recently made changes to their positions in CAVM. US Bancorp DE boosted its position in shares of Cavium by 201.3% in the fourth quarter. US Bancorp DE now owns 1,657 shares of the semiconductor provider’s stock valued at $139,000 after acquiring an additional 1,107 shares during the period. Paloma Partners Management Co boosted its position in shares of Cavium by 452.3% in the fourth quarter. Paloma Partners Management Co now owns 81,907 shares of the semiconductor provider’s stock valued at $6,866,000 after acquiring an additional 67,078 shares during the period. Banco BTG Pactual S.A. bought a new stake in shares of Cavium in the first quarter valued at approximately $3,731,000. Two Sigma Investments LP boosted its position in shares of Cavium by 4,626.5% in the fourth quarter. Two Sigma Investments LP now owns 181,059 shares of the semiconductor provider’s stock valued at $15,178,000 after acquiring an additional 185,059 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Cavium in the fourth quarter valued at approximately $3,173,000. Institutional investors own 85.82% of the company’s stock.

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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