Cavium Inc (NASDAQ:CAVM) is Alpine Associates Management Inc.’s 10th Largest Position

Alpine Associates Management Inc. boosted its position in Cavium Inc (NASDAQ:CAVM) by 68.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,403,800 shares of the semiconductor provider’s stock after purchasing an additional 570,867 shares during the quarter. Cavium comprises about 3.7% of Alpine Associates Management Inc.’s holdings, making the stock its 10th largest position. Alpine Associates Management Inc. owned 2.00% of Cavium worth $111,433,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CAVM. Bank of Montreal Can increased its stake in shares of Cavium by 605.4% during the 4th quarter. Bank of Montreal Can now owns 6,186 shares of the semiconductor provider’s stock valued at $519,000 after acquiring an additional 5,309 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Cavium by 7.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 320,161 shares of the semiconductor provider’s stock worth $26,840,000 after purchasing an additional 21,255 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Cavium during the 4th quarter worth about $402,000. SG Americas Securities LLC purchased a new stake in shares of Cavium during the 4th quarter worth about $115,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Cavium during the 4th quarter worth about $2,683,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Shares of CAVM stock traded down $0.64 on Thursday, hitting $84.62. 356,600 shares of the stock traded hands, compared to its average volume of 1,099,661. The company has a current ratio of 2.94, a quick ratio of 2.36 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.87 billion, a P/E ratio of 1,057.75 and a beta of 1.41. Cavium Inc has a 1-year low of $56.96 and a 1-year high of $92.66.



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

About Cavium

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.

Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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