Paloma Partners Management Co raised its stake in Cavium Inc (NASDAQ:CAVM) by 452.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,907 shares of the semiconductor provider’s stock after acquiring an additional 67,078 shares during the quarter. Paloma Partners Management Co owned approximately 0.12% of Cavium worth $6,866,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Delpha Capital Management LLC purchased a new position in Cavium in the fourth quarter valued at about $114,000. SG Americas Securities LLC purchased a new stake in shares of Cavium during the 4th quarter valued at approximately $115,000. Cerebellum GP LLC purchased a new stake in shares of Cavium during the 4th quarter valued at approximately $126,000. American International Group Inc. purchased a new stake in shares of Cavium during the 4th quarter valued at approximately $131,000. Finally, US Bancorp DE lifted its stake in shares of Cavium by 201.3% during 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. Hedge funds and other institutional investors own 92.15% of the company’s stock.
A number of brokerages recently commented on CAVM. Raymond James Financial cut shares of Cavium from an “outperform” rating to a “market perform” rating and set a $80.00 price target on the stock. in a research note on Friday, February 2nd. Stifel Nicolaus upped their price target on shares of Cavium from $68.00 to $81.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Zacks Investment Research upgraded shares of Cavium from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. BidaskClub cut shares of Cavium from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Jefferies Group restated a “buy” rating and set a $40.00 price target on shares of Cavium in a research note on Sunday, November 26th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Cavium currently has an average rating of “Hold” and an average target price of $79.93.
Shares of Cavium Inc (NASDAQ:CAVM) opened at $90.99 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.26 and a current ratio of 2.80. The firm has a market cap of $6,355.56, a P/E ratio of 63.63, a P/E/G ratio of 2.37 and a beta of 1.28. Cavium Inc has a twelve month low of $56.96 and a twelve month high of $92.66.
Cavium (NASDAQ:CAVM) last posted 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. The business had revenue of $260.36 million for the quarter, compared to analyst estimates of $260.05 million. Cavium had a negative net margin of 7.00% and a positive return on equity of 14.07%. Cavium’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. analysts forecast that Cavium Inc will post 2.05 earnings per share for the current fiscal year.
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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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