Amalgamated Bank grew its holdings in Cavium Inc (NASDAQ:CAVM) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,322 shares of the semiconductor provider’s stock after acquiring an additional 909 shares during the period. Amalgamated Bank’s holdings in Cavium were worth $1,137,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAVM. Delpha Capital Management LLC bought a new position in Cavium in the fourth quarter worth approximately $114,000. SG Americas Securities LLC bought a new position in Cavium in the fourth quarter worth approximately $115,000. American International Group Inc. bought a new position in Cavium in the fourth quarter worth approximately $131,000. US Bancorp DE raised its position in Cavium by 201.3% in the fourth quarter. US Bancorp DE now owns 1,657 shares of the semiconductor provider’s stock worth $139,000 after acquiring an additional 1,107 shares during the period. Finally, First Mercantile Trust Co. raised its position in Cavium by 94.3% in the first quarter. First Mercantile Trust Co. now owns 2,015 shares of the semiconductor provider’s stock worth $160,000 after acquiring an additional 978 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.
Several research firms have weighed in on CAVM. ValuEngine upgraded shares of Cavium from a “hold” rating to a “buy” rating in a research report on Thursday. BidaskClub downgraded shares of Cavium from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Cavium presently has a consensus rating of “Hold” and a consensus target price of $78.82.
Shares of CAVM stock opened at $87.22 on Friday. The firm has a market cap of $5.55 billion, a PE ratio of 1,090.25 and a beta of 1.41. Cavium Inc has a one year low of $56.96 and a one year high of $92.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.36 and a current ratio of 2.94.
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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