Cavium Inc (NASDAQ:CAVM) CEO Syed Ali sold 109,948 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $54.85, for a total transaction of $6,030,647.80. Following the completion of the transaction, the chief executive officer now directly owns 1,843,431 shares in the company, valued at $101,112,190.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cavium Inc (NASDAQ:CAVM) traded up 0.57% during trading on Wednesday, hitting $54.89. 638,214 shares of the stock traded hands. The company has a 50-day moving average price of $55.15 and a 200-day moving average price of $50.18. The stock’s market cap is $3.68 billion. Cavium Inc has a 12 month low of $35.90 and a 12 month high of $69.05.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings data on Tuesday, November 1st. The semiconductor provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The company earned $168.10 million during the quarter, compared to analysts’ expectations of $159.55 million. Cavium had a negative net margin of 5.57% and a negative return on equity of 0.51%. Cavium’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. Equities research analysts expect that Cavium Inc will post $1.54 EPS for the current year.

Insider Buying and Selling by Quarter for Cavium (NASDAQ:CAVM)

Several research analysts have weighed in on the stock. Zacks Investment Research cut shares of Cavium from a “buy” rating to a “hold” rating in a report on Monday, August 1st. TheStreet raised shares of Cavium from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Benchmark Co. increased their price target on shares of Cavium from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price target (down from $107.20) on shares of Cavium in a report on Wednesday, July 27th. Finally, Pacific Crest reissued a “hold” rating on shares of Cavium in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. Cavium has an average rating of “Hold” and a consensus price target of $59.72.

A number of institutional investors have recently modified their holdings of CAVM. Bank of New York Mellon Corp boosted its position in shares of Cavium by 695.8% in the third quarter. Bank of New York Mellon Corp now owns 2,129,252 shares of the semiconductor provider’s stock valued at $123,923,000 after buying an additional 1,861,704 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Cavium during the third quarter valued at approximately $70,678,000. Ameriprise Financial Inc. boosted its position in shares of Cavium by 55.2% in the third quarter. Ameriprise Financial Inc. now owns 2,664,024 shares of the semiconductor provider’s stock valued at $155,047,000 after buying an additional 947,473 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in shares of Cavium by 452.9% in the third quarter. Chartwell Investment Partners LLC now owns 969,063 shares of the semiconductor provider’s stock valued at $56,399,000 after buying an additional 793,808 shares in the last quarter. Finally, Standard Life Investments LTD boosted its position in shares of Cavium by 19.1% in the second quarter. Standard Life Investments LTD now owns 3,799,853 shares of the semiconductor provider’s stock valued at $146,731,000 after buying an additional 608,685 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

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About Cavium

Cavium, Inc is a provider of semiconductor processors, which enables processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Company’s products include OCTEON, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search, ThunderX, Xpliant and XPA.

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