Wasatch Advisors Inc. grew its position in Cavium, Inc. (NASDAQ:CAVM) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,581,155 shares of the semiconductor provider’s stock after purchasing an additional 98,066 shares during the quarter. Cavium comprises approximately 2.2% of Wasatch Advisors Inc.’s investment portfolio, making the stock its 5th biggest holding. Wasatch Advisors Inc. owned about 3.75% of Cavium worth $160,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAVM. FNY Partners Fund LP grew its holdings in shares of Cavium by 1.2% during the first quarter. FNY Partners Fund LP now owns 3,400 shares of the semiconductor provider’s stock valued at $243,000 after buying an additional 40 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Cavium by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 5,372 shares of the semiconductor provider’s stock valued at $334,000 after buying an additional 68 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Cavium by 3.5% during the second quarter. D.A. Davidson & CO. now owns 3,768 shares of the semiconductor provider’s stock valued at $234,000 after buying an additional 129 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Cavium by 3.0% during the first quarter. Prudential Financial Inc. now owns 6,917 shares of the semiconductor provider’s stock valued at $496,000 after buying an additional 200 shares during the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of Cavium by 1.6% during the second quarter. Profund Advisors LLC now owns 14,693 shares of the semiconductor provider’s stock valued at $913,000 after buying an additional 236 shares during the last quarter. 98.38% of the stock is currently owned by institutional investors and hedge funds.

CAVM has been the topic of a number of research analyst reports. Loop Capital reissued a “buy” rating and set a $81.00 price objective on shares of Cavium in a report on Tuesday, August 22nd. MKM Partners reissued a “buy” rating and set a $81.00 price objective on shares of Cavium in a report on Wednesday, August 16th. Jefferies Group LLC raised shares of Cavium from a “hold” rating to a “buy” rating and boosted their price objective for the company from $73.00 to $79.00 in a report on Monday, July 10th. Bank of America Corporation reissued a “buy” rating on shares of Cavium in a report on Sunday, October 1st. Finally, Pacific Crest reissued an “equal weight” rating on shares of Cavium in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.13.

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In other news, COO Muhammad Raghib Hussain sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.65% of the stock is currently owned by company insiders.

Shares of Cavium, Inc. (NASDAQ CAVM) traded up 0.93% on Friday, hitting $68.34. 507,252 shares of the company’s stock were exchanged. Cavium, Inc. has a 12-month low of $50.81 and a 12-month high of $76.26. The stock’s market cap is $4.70 billion. The company’s 50-day moving average price is $65.47 and its 200 day moving average price is $66.86.

Cavium (NASDAQ:CAVM) last released its earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. Cavium had a negative net margin of 22.82% and a positive return on equity of 5.94%. The company had revenue of $242.09 million during the quarter, compared to analysts’ expectations of $238.93 million. During the same quarter last year, the business earned $0.29 EPS. The business’s revenue was up 125.8% on a year-over-year basis. On average, equities analysts predict that Cavium, Inc. will post $2.79 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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