Summit Creek Advisors LLC Sells 37,935 Shares of Cavium Inc (CAVM)

Summit Creek Advisors LLC reduced its stake in shares of Cavium Inc (NASDAQ:CAVM) by 19.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,915 shares of the semiconductor provider’s stock after selling 37,935 shares during the quarter. Cavium makes up approximately 2.5% of Summit Creek Advisors LLC’s portfolio, making the stock its 10th largest position. Summit Creek Advisors LLC’s holdings in Cavium were worth $13,406,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CAVM. Sheets Smith Wealth Management acquired a new stake in Cavium in the fourth quarter valued at approximately $386,000. Public Employees Retirement System of Ohio lifted its stake in Cavium by 18.6% in the third quarter. Public Employees Retirement System of Ohio now owns 214,208 shares of the semiconductor provider’s stock valued at $14,125,000 after acquiring an additional 33,539 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Cavium in the third quarter valued at approximately $8,902,000. Janus Henderson Group PLC lifted its stake in Cavium by 16.6% in the third quarter. Janus Henderson Group PLC now owns 867,072 shares of the semiconductor provider’s stock valued at $57,170,000 after acquiring an additional 123,567 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in Cavium in the third quarter valued at approximately $10,873,000.

In related news, 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 transaction of $1,158,300.00. Following the transaction, the senior vice president now owns 60,039 shares of the company’s stock, valued at $4,636,211.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the vice president now directly owns 91,616 shares in the company, valued at approximately $7,869,814.40. The disclosure for this sale can be found here. 4.65% of the stock is currently owned by insiders.

A number of analysts have issued reports on CAVM shares. Jefferies Group set a $79.00 target price on shares of Cavium and gave the company a “buy” rating in a research note on Thursday, October 19th. Morgan Stanley reduced their target price on shares of Cavium from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. KeyCorp reiterated a “positive” rating and issued a $90.00 target price (up from $80.00) on shares of Cavium in a research note on Thursday, November 16th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Cavium from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Loop Capital reiterated a “buy” rating and issued a $81.00 target price on shares of Cavium in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. Cavium currently has a consensus rating of “Hold” and a consensus target price of $78.41.

Shares of Cavium Inc (CAVM) traded up $1.50 during trading on Tuesday, hitting $89.99. 980,800 shares of the stock were exchanged, compared to its average volume of 1,072,578. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.87 and a quick ratio of 2.27. Cavium Inc has a twelve month low of $56.96 and a twelve month high of $90.83. The firm has a market capitalization of $6,230.00, a PE ratio of -32.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

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

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Cavium Company Profile

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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Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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