Cavium Inc (CAVM) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its stake in shares of Cavium Inc (NASDAQ:CAVM) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 320,161 shares of the semiconductor provider’s stock after acquiring an additional 21,255 shares during the period. Schwab Charles Investment Management Inc. owned 0.46% of Cavium worth $26,840,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CAVM. Ameriprise Financial Inc. boosted its holdings in Cavium by 42.9% in the third quarter. Ameriprise Financial Inc. now owns 3,425,325 shares of the semiconductor provider’s stock worth $225,867,000 after purchasing an additional 1,027,760 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Cavium by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 3,353,670 shares of the semiconductor provider’s stock worth $217,753,000 after purchasing an additional 478,019 shares in the last quarter. Jennison Associates LLC boosted its holdings in Cavium by 50.6% in the third quarter. Jennison Associates LLC now owns 1,939,958 shares of the semiconductor provider’s stock worth $127,921,000 after purchasing an additional 652,177 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Cavium by 10.8% in the third quarter. Brown Advisory Inc. now owns 1,236,196 shares of the semiconductor provider’s stock worth $81,514,000 after purchasing an additional 120,404 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Cavium by 23.5% in the third quarter. Fisher Asset Management LLC now owns 916,197 shares of the semiconductor provider’s stock worth $60,414,000 after purchasing an additional 174,209 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

A number of brokerages recently issued reports on CAVM. Jefferies Group set a $79.00 price objective on shares of Cavium and gave the stock a “buy” rating in a report on Thursday, October 19th. Stifel Nicolaus upped their price objective on shares of Cavium from $68.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Benchmark cut shares of Cavium from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Needham & Company LLC reiterated a “buy” rating and issued a $78.00 price objective on shares of Cavium in a report on Thursday, November 2nd. Finally, Loop Capital reiterated a “buy” rating and issued a $81.00 price objective on shares of Cavium in a report on Thursday, November 2nd. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $80.25.

Cavium Inc (NASDAQ:CAVM) opened at $86.07 on Thursday. The firm has a market cap of $5,941.16, a price-to-earnings ratio of -84.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The company has a current ratio of 2.87, a quick ratio of 2.27 and a debt-to-equity ratio of 0.81. Cavium Inc has a 52-week low of $56.96 and a 52-week high of $90.83.

Cavium (NASDAQ:CAVM) last released its earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. The firm had revenue of $260.36 million during the quarter, compared to analyst estimates of $260.05 million. Cavium had a negative net margin of 7.00% and a positive return on equity of 14.28%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. equities analysts expect that Cavium Inc will post 2.14 earnings per share for the current year.

In other news, VP Anil Kumar Jain sold 8,500 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 91,616 shares of the company’s stock, valued at $7,869,814.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.65% of the stock is currently owned by corporate insiders.

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Cavium 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.

Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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