Quantum Capital Management purchased a new stake in shares of Cavium, Inc. (NASDAQ:CAVM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 64,454 shares of the semiconductor provider’s stock, valued at approximately $4,250,000. Quantum Capital Management owned approximately 0.09% of Cavium at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Teacher Retirement System of Texas increased its stake in Cavium by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,372 shares of the semiconductor provider’s stock valued at $334,000 after purchasing an additional 68 shares in the last quarter. D.A. Davidson & CO. increased its stake in Cavium by 3.5% during the 2nd quarter. D.A. Davidson & CO. now owns 3,768 shares of the semiconductor provider’s stock valued at $234,000 after purchasing an additional 129 shares in the last quarter. Profund Advisors LLC increased its stake in Cavium by 1.6% during the 2nd quarter. Profund Advisors LLC now owns 14,693 shares of the semiconductor provider’s stock valued at $913,000 after purchasing an additional 236 shares in the last quarter. First Midwest Bank Trust Division increased its stake in Cavium by 2.4% during the 2nd quarter. First Midwest Bank Trust Division now owns 20,348 shares of the semiconductor provider’s stock valued at $1,264,000 after purchasing an additional 475 shares in the last quarter. Finally, Geneva Advisors LLC increased its stake in Cavium by 3.2% during the 2nd quarter. Geneva Advisors LLC now owns 15,521 shares of the semiconductor provider’s stock valued at $964,000 after purchasing an additional 487 shares in the last quarter.
Shares of Cavium, Inc. (NASDAQ CAVM) traded down $1.42 during trading hours on Thursday, hitting $75.79. 666,100 shares of the company were exchanged, compared to its average volume of 887,881. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81. The stock has a market cap of $5,280.00, a P/E ratio of 71.49, a P/E/G ratio of 2.79 and a beta of 1.27. Cavium, Inc. has a 52 week low of $53.73 and a 52 week high of $77.60.
Cavium (NASDAQ:CAVM) last issued its quarterly earnings results 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. The company 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 firm’s quarterly revenue was up 49.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. analysts predict that Cavium, Inc. will post 1.33 EPS for the current year.
In related news, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 60,039 shares of the company’s stock, valued at approximately $4,636,211.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.65% of the stock is currently owned by insiders.
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CAVM has been the subject of a number of recent research reports. Jefferies Group LLC set a $79.00 price target on shares of Cavium and gave the company a “buy” rating in a research note on Thursday, October 19th. Barclays PLC upgraded shares of Cavium from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. Morgan Stanley decreased their price target 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. Raymond James Financial, Inc. restated an “outperform” rating and set a $75.00 price target on shares of Cavium in a research note on Thursday, September 14th. Finally, Stifel Nicolaus restated a “hold” rating and set a $66.00 price target on shares of Cavium in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $78.50.
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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