GABELLI & Co INVESTMENT ADVISERS INC. Increases Holdings in Cavium (CAVM)

GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Cavium (NASDAQ:CAVM) by 136.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 283,073 shares of the semiconductor provider’s stock after acquiring an additional 163,575 shares during the period. Cavium comprises 2.8% of GABELLI & Co INVESTMENT ADVISERS INC.’s portfolio, making the stock its 12th largest holding. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.40% of Cavium worth $22,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CAVM. Deutsche Bank AG raised its position in Cavium by 194.7% during the fourth quarter. Deutsche Bank AG now owns 1,278,438 shares of the semiconductor provider’s stock worth $107,168,000 after acquiring an additional 844,622 shares during the last quarter. Alpine Associates Management Inc. acquired a new position in Cavium during the fourth quarter worth about $69,825,000. Carillon Tower Advisers Inc. acquired a new position in Cavium during the fourth quarter worth about $36,031,000. Omni Partners LLP acquired a new position in Cavium during the fourth quarter worth about $30,098,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Cavium by 130.7% during the fourth quarter. Alliancebernstein L.P. now owns 484,307 shares of the semiconductor provider’s stock worth $40,599,000 after buying an additional 274,390 shares in the last quarter. Institutional investors own 88.14% of the company’s stock.

Cavium opened at $78.23 on Tuesday, Marketbeat Ratings reports. Cavium has a 1 year low of $56.96 and a 1 year high of $92.66. The company has a market capitalization of $5.46 billion, a P/E ratio of 977.88, a P/E/G ratio of 2.25 and a beta of 1.39. The company has a quick ratio of 2.36, a current ratio of 2.94 and a debt-to-equity ratio of 0.77.

In other Cavium news, VP Anil Kumar Jain sold 20,924 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $92.52, for a total transaction of $1,935,888.48. Following the completion of the sale, the vice president now directly owns 105,612 shares in the company, valued at $9,771,222.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sanjay Mehrotra sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $91.20, for a total transaction of $1,140,000.00. Following the sale, the director now owns 85,511 shares of the company’s stock, valued at $7,798,603.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,201 shares of company stock valued at $16,036,231. 4.65% of the stock is owned by insiders.

A number of brokerages have recently commented on CAVM. Raymond James downgraded shares of Cavium from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a report on Friday, February 2nd. ValuEngine upgraded shares of Cavium from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. BidaskClub downgraded shares of Cavium from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Cavium from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Cavium from $68.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Cavium presently has a consensus rating of “Hold” and a consensus target price of $79.33.

Cavium 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.

Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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