Brown Advisory Inc. Has $81.51 Million Stake in Cavium, Inc. (CAVM)
Brown Advisory Inc. increased its stake in shares of Cavium, Inc. (NASDAQ:CAVM) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,236,196 shares of the semiconductor provider’s stock after acquiring an additional 120,404 shares during the quarter. Brown Advisory Inc. owned about 1.79% of Cavium worth $81,514,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Solaris Asset Management LLC raised its stake in Cavium by 43.4% during the 2nd quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock worth $143,000 after acquiring an additional 695 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Cavium by 107.3% during 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 acquired a new stake in Cavium during the 3rd quarter worth $203,000. Tudor Investment Corp ET AL acquired a new stake in Cavium during the 2nd quarter worth $228,000. Finally, Pacad Investment Ltd. raised its stake in Cavium by 42.3% during the 2nd quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock worth $230,000 after acquiring an additional 1,100 shares in the last quarter.
In related news, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 60,039 shares in the company, valued at $4,636,211.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Anil Kumar Jain sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total transaction of $730,150.00. Following the completion of the sale, the vice president now owns 91,616 shares of the company’s stock, valued at $7,869,814.40. The disclosure for this sale can be found here. 4.65% of the stock is owned by insiders.
Several brokerages have issued reports on CAVM. BidaskClub raised shares of Cavium from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Canaccord Genuity reissued a “hold” rating and set a $66.00 price objective on shares of Cavium in a research report on Tuesday, August 15th. Zacks Investment Research downgraded shares of Cavium from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. Jefferies Group downgraded shares of Cavium from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, Loop Capital reissued a “buy” rating and set a $81.00 price objective on shares of Cavium in a research report on Tuesday, August 22nd. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $78.41.
Shares of Cavium, Inc. (NASDAQ CAVM) opened at $85.48 on Friday. The firm has a market cap of $6,055.27, a PE ratio of 81.07, a PEG ratio of 3.16 and a beta of 1.27. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81. Cavium, Inc. has a fifty-two week low of $53.76 and a fifty-two week high of $88.96.
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 Thomson Reuters’ consensus estimate of $0.74 by $0.02. The business had revenue of $251.99 million for the quarter, compared to the consensus estimate of $250.16 million. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The business’s quarterly revenue was up 49.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. sell-side analysts expect that Cavium, Inc. will post 1.33 EPS for the current 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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