Cavium Inc (CAVM) Shares Bought by Montag & Caldwell LLC

Montag & Caldwell LLC raised its stake in shares of Cavium Inc (NASDAQ:CAVM) by 37.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,311 shares of the semiconductor provider’s stock after acquiring an additional 1,714 shares during the quarter. Montag & Caldwell LLC’s holdings in Cavium were worth $546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAVM. Inverness Counsel LLC NY lifted its position in shares of Cavium by 0.3% in the 1st quarter. Inverness Counsel LLC NY now owns 279,825 shares of the semiconductor provider’s stock worth $22,213,000 after buying an additional 855 shares during the last quarter. Amalgamated Bank lifted its position in shares of Cavium by 6.8% in the 1st quarter. Amalgamated Bank now owns 14,322 shares of the semiconductor provider’s stock worth $1,137,000 after buying an additional 909 shares during the last quarter. First Mercantile Trust Co. lifted its position in shares of Cavium by 94.3% in the 1st quarter. First Mercantile Trust Co. now owns 2,015 shares of the semiconductor provider’s stock worth $160,000 after buying an additional 978 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Cavium by 19.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 9,895 shares of the semiconductor provider’s stock worth $856,000 after acquiring an additional 1,600 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of Cavium by 32.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,160 shares of the semiconductor provider’s stock worth $705,000 after acquiring an additional 1,990 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

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Cavium stock remained flat at $$86.23 during trading hours on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.94 and a quick ratio of 2.36. The firm has a market cap of $6.04 billion, a P/E ratio of 1,077.88 and a beta of 1.45. Cavium Inc has a 12-month low of $56.96 and a 12-month high of $92.66.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings data on Wednesday, May 2nd. The semiconductor provider reported ($0.60) earnings per share for the quarter. The firm had revenue of $230.76 million during the quarter, compared to analyst estimates of $249.58 million. Cavium had a negative net margin of 6.12% and a positive return on equity of 6.16%.

CAVM has been the topic of a number of analyst reports. ValuEngine cut shares of Cavium from a “hold” rating to a “sell” rating in a report on Thursday, April 19th. BidaskClub cut shares of Cavium from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $78.82.

Cavium Company Profile

Cavium, Inc designs, develops, and markets semiconductor processors for intelligent and secure networks in the United States and internationally. The company offers integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage, and security applications.

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