Cavium, Inc. (CAVM) Downgraded by BidaskClub

Bruno Cirelli
Agosto 11, 2017

Raging Capital Management Llc acquired 58,416 shares as Cavium Inc (CAVM)'s stock rose 6.47%. (NASDAQ:CAVM) by 43.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Finally, Bluestein R H & Co. purchased a new position in shares of Cavium during the first quarter worth $215,000.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of Cavium by 25.7% in the first quarter. Teachers Advisors LLC now owns 335,296 shares of the semiconductor provider's stock valued at $20,936,000 after buying an additional 2,600 shares in the last quarter. Westfield Capital Management Co. Renaissance Technologies LLC acquired a new position in shares of Cavium during the fourth quarter valued at approximately $2,088,000. LP now owns 695,915 shares of the semiconductor provider's stock valued at $49,869,000 after buying an additional 380,165 shares during the last quarter.

Turning to Cavium, Inc. The Pier Capital Llc holds 92,862 shares with $5.80M value, down from 117,091 last quarter. IFP Advisors Inc now owns 1,559 shares of the semiconductor provider's stock worth $112,000 after buying an additional 101 shares during the last quarter. Cavium has a 12-month low of $48.53 and a 12-month high of $76.26. About shares traded. Cavium Inc (NASDAQ:CAVM) has risen 55.16% since August 11, 2016 and is uptrending. The firm's market cap is $4.06 billion.

The stock's 50 day moving average is 64.41 and its 200 day moving average is 68.03. The semiconductor provider reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. Cavium had a positive return on equity of 5.94% and a negative net margin of 22.82%. The business's quarterly revenue was up 125.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 earnings per share. Analysts predict that Cavium will post $2.79 earnings per share for the current fiscal year. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of USA & global copyright laws. The original version of this piece of content can be read at https://transcriptdaily.com/2017/08/10/cavium-inc-cavm-position-increased-by-solaris-asset-management-llc.html. "(NASDAQ:CAVM) Stock Rating Upgraded by Barclays PLC" was reported by BNB Daily and is the sole property of of BNB Daily. Needham & Company LLC reaffirmed a "buy" rating and set a $78.00 price target (up previously from $77.00) on shares of Cavium in a research report on Thursday, April 27th. Longbow Research initiated coverage on Cavium in a report on Friday, June 9th.

An important idea when dealing with technical analysis is that historical stock price movements tend to repeat. Benchmark maintained it with "Buy" rating and $63 target in Wednesday, November 2 report. MKM Partners restated a "buy" rating and issued a $81.00 price target (up previously from $77.00) on shares of Cavium in a research note on Monday, May 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company's stock. The stock of TRACON Pharmaceuticals Inc (NASDAQ:TCON) has "Buy" rating given on Wednesday, July 29 by Roth Capital. 40,000 Cavium Inc (NASDAQ:CAVM) shares with value of $3.01 million were sold by CHADWICK ARTHUR D. Following the completion of the sale, the vice president now owns 75,383 shares of the company's stock, valued at $5,664,278.62.

In other news, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $75.73, for a total transaction of $1,135,950.00.

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