Chartwell Investment Partners LLC cut its stake in Cavium Inc (NASDAQ:CAVM) by 60.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,014 shares of the semiconductor provider’s stock after selling 22,603 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Cavium were worth $1,259,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CAVM. SG Americas Securities LLC purchased a new position in Cavium in the 4th quarter valued at about $115,000. Cerebellum GP LLC purchased a new position in Cavium in the 4th quarter valued at about $126,000. US Bancorp DE lifted its stake in Cavium by 201.3% in the 4th quarter. US Bancorp DE now owns 1,657 shares of the semiconductor provider’s stock valued at $139,000 after buying an additional 1,107 shares in the last quarter. World Asset Management Inc purchased a new position in Cavium in the 3rd quarter valued at about $203,000. Finally, Comerica Bank purchased a new position in Cavium in the 4th quarter valued at about $227,000. 86.39% of the stock is currently owned by hedge funds and other institutional investors.
Cavium Inc (NASDAQ:CAVM) opened at $88.46 on Wednesday. The company has a quick ratio of 2.27, a current ratio of 2.87 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 $90.83. The firm has a market cap of $6,077.83, a P/E ratio of -86.73, a price-to-earnings-growth ratio of 2.17 and a beta of 1.33.
Cavium (NASDAQ:CAVM) last released its earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. Cavium had a negative net margin of 7.00% and a positive return on equity of 14.28%. The business had revenue of $260.36 million for the quarter, compared to analyst estimates of $260.05 million. During the same period last year, the company posted $0.56 EPS. The business’s revenue was up 15.1% on a year-over-year basis. sell-side analysts predict that Cavium Inc will post 2.14 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on CAVM. Jefferies Group lowered shares of Cavium from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Loop Capital lowered shares of Cavium from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Tuesday, November 21st. Canaccord Genuity raised their price target on shares of Cavium from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday, November 2nd. BidaskClub lowered shares of Cavium from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Morgan Stanley decreased their price target on shares of Cavium from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $79.93.
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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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