Cavium Inc (NASDAQ:CAVM) saw a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 1,299,325 shares, a decline of 57.5% from the December 15th total of 3,054,395 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 994,446 shares, the days-to-cover ratio is presently 1.3 days.

In related news, VP Anil Kumar Jain sold 8,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $85.90, for a total transaction of $730,150.00. Following the completion of the transaction, the vice president now owns 91,616 shares in the company, valued at approximately $7,869,814.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were 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 disclosure for this sale can be found here. 4.65% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its position in shares of Cavium by 107.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock worth $160,000 after acquiring an additional 1,335 shares in the last quarter. World Asset Management Inc bought a new position in shares of Cavium in the 3rd quarter worth $203,000. Tudor Investment Corp ET AL bought a new position in shares of Cavium in the 2nd quarter worth $228,000. D.A. Davidson & CO. raised its position in shares of Cavium by 3.5% in the 2nd quarter. D.A. Davidson & CO. now owns 3,768 shares of the semiconductor provider’s stock worth $234,000 after acquiring an additional 129 shares in the last quarter. Finally, ETRADE Capital Management LLC bought a new position in shares of Cavium in the 3rd quarter worth $257,000.

Shares of Cavium (CAVM) opened at $89.99 on Friday. The company has a current ratio of 2.87, a quick ratio of 2.27 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $6,119.59, a price-to-earnings ratio of -31.91, a price-to-earnings-growth ratio of 2.17 and a beta of 1.35. Cavium has a 1 year low of $56.96 and a 1 year high of $90.83.

Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $251.99 million during the quarter, compared to analyst estimates of $250.16 million. Cavium had a positive return on equity of 11.16% and a negative net margin of 19.94%. Cavium’s revenue was up 49.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. equities research analysts predict that Cavium will post 1.33 earnings per share for the current year.

A number of equities analysts recently issued reports on CAVM shares. Bank of America restated a “buy” rating on shares of Cavium in a report on Sunday, October 1st. Zacks Investment Research cut Cavium from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Benchmark cut Cavium from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Needham & Company LLC restated a “buy” rating and set a $78.00 price objective on shares of Cavium in a report on Thursday, November 2nd. Finally, Loop Capital restated a “buy” rating and set a $81.00 price objective on shares of Cavium in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Cavium has an average rating of “Hold” and an average target price of $78.41.

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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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