Alyeska Investment Group L.P. Purchases Shares of 164,890 Cavium, Inc. (CAVM)

Alyeska Investment Group L.P. purchased a new position in Cavium, Inc. (NASDAQ:CAVM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 164,890 shares of the semiconductor provider’s stock, valued at approximately $10,873,000. Alyeska Investment Group L.P. owned approximately 0.24% of Cavium at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ameriprise Financial Inc. lifted its holdings in Cavium by 42.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,425,325 shares of the semiconductor provider’s stock worth $225,867,000 after purchasing an additional 1,027,760 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Cavium by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,353,670 shares of the semiconductor provider’s stock worth $217,753,000 after acquiring an additional 478,019 shares during the last quarter. Wasatch Advisors Inc. increased its stake in Cavium by 3.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,581,155 shares of the semiconductor provider’s stock worth $160,367,000 after acquiring an additional 98,066 shares during the last quarter. Jennison Associates LLC increased its stake in Cavium by 50.6% in the 3rd quarter. Jennison Associates LLC now owns 1,939,958 shares of the semiconductor provider’s stock worth $127,921,000 after acquiring an additional 652,177 shares during the last quarter. Finally, Fred Alger Management Inc. increased its stake in Cavium by 36.2% in the 2nd quarter. Fred Alger Management Inc. now owns 1,275,464 shares of the semiconductor provider’s stock worth $79,245,000 after acquiring an additional 339,019 shares during the last quarter.

A number of research firms have issued reports on CAVM. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Cavium in a research note on Sunday, November 26th. Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $83.00 price objective (down previously from $85.00) on shares of Cavium in a research note on Tuesday, November 21st. Canaccord Genuity reaffirmed a “hold” rating and issued a $85.00 price objective (up previously from $67.00) on shares of Cavium in a research note on Tuesday, November 21st. BidaskClub downgraded Cavium from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Loop Capital downgraded Cavium from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research note on Tuesday, November 21st. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $78.41.

Cavium, Inc. (CAVM) opened at $85.34 on Tuesday. The firm has a market capitalization of $5,917.65, a P/E ratio of 79.23, a PEG ratio of 3.44 and a beta of 1.36. The company has a current ratio of 2.87, a quick ratio of 2.27 and a debt-to-equity ratio of 0.81. Cavium, Inc. has a 12-month low of $56.96 and a 12-month high of $88.96.

Cavium (NASDAQ:CAVM) last released its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The firm had revenue of $251.99 million for the quarter, compared to the consensus estimate of $250.16 million. Cavium had a positive return on equity of 11.16% and a negative net margin of 19.94%. The company’s revenue for the quarter was up 49.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. analysts forecast that Cavium, Inc. will post 1.33 earnings per share for the current year.

In other Cavium news, SVP Vincent P. Pangrazio sold 15,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $77.22, for a total value of $1,158,300.00. Following the transaction, the senior vice president now owns 60,039 shares of the company’s stock, valued at approximately $4,636,211.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Anil Kumar Jain sold 8,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total value of $730,150.00. Following the completion of the transaction, the vice president now directly owns 91,616 shares in the company, valued at approximately $7,869,814.40. The disclosure for this sale can be found here. Insiders own 4.65% of the company’s stock.

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About Cavium

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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Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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