Credit Suisse AG cut its stake in shares of Cavium, Inc. (NASDAQ:CAVM) by 62.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 222,150 shares of the semiconductor provider’s stock after selling 369,845 shares during the period. Credit Suisse AG owned 0.33% of Cavium worth $15,921,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CAVM. Russell Investments Group Ltd. increased its stake in Cavium by 25.7% in the first quarter. Russell Investments Group Ltd. now owns 401,484 shares of the semiconductor provider’s stock valued at $28,769,000 after buying an additional 82,125 shares during the last quarter. Strs Ohio increased its stake in Cavium by 5.6% in the first quarter. Strs Ohio now owns 11,300 shares of the semiconductor provider’s stock valued at $809,000 after buying an additional 600 shares during the last quarter. Profund Advisors LLC increased its stake in Cavium by 14.2% in the first quarter. Profund Advisors LLC now owns 14,457 shares of the semiconductor provider’s stock valued at $1,036,000 after buying an additional 1,793 shares during the last quarter. Fisher Asset Management LLC increased its stake in Cavium by 582.8% in the first quarter. Fisher Asset Management LLC now owns 754,633 shares of the semiconductor provider’s stock valued at $54,077,000 after buying an additional 644,110 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in Cavium by 31.2% in the first quarter. Nationwide Fund Advisors now owns 52,589 shares of the semiconductor provider’s stock valued at $3,769,000 after buying an additional 12,494 shares during the last quarter.

Cavium, Inc. (NASDAQ CAVM) traded up 4.04% during trading on Thursday, reaching $62.82. 2,480,201 shares of the company’s stock traded hands. The firm’s market capitalization is $4.26 billion. Cavium, Inc. has a 1-year low of $45.79 and a 1-year high of $76.26. The firm has a 50 day moving average of $64.96 and a 200 day moving average of $68.19.

Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. Cavium had a positive return on equity of 4.05% and a negative net margin of 26.52%. The company had revenue of $242.09 million during the quarter, compared to the consensus estimate of $238.93 million. During the same period in the previous year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 125.8% compared to the same quarter last year. Equities analysts forecast that Cavium, Inc. will post $2.77 EPS for the current year.

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Several research analysts recently issued reports on CAVM shares. Morgan Stanley raised their target price on shares of Cavium from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, April 28th. Longbow Research started coverage on shares of Cavium in a report on Friday, June 9th. They set a “buy” rating and a $85.00 target price for the company. Canaccord Genuity reissued a “hold” rating and set a $66.00 target price on shares of Cavium in a report on Tuesday, July 11th. Stifel Nicolaus raised their target price on shares of Cavium from $55.00 to $66.00 and gave the stock a “hold” rating in a report on Thursday, April 27th. Finally, Jefferies Group LLC raised shares of Cavium from a “hold” rating to a “buy” rating and lifted their price objective for the company from $73.00 to $79.00 in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $74.53.

In related news, VP Arthur D. Chadwick sold 40,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $75.14, for a total value of $3,005,600.00. Following the completion of the sale, the vice president now directly owns 75,383 shares in the company, valued at approximately $5,664,278.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $75.73, for a total value of $1,135,950.00. Following the completion of the sale, the senior vice president now owns 60,039 shares of the company’s stock, valued at $4,546,753.47. The disclosure for this sale can be found here. Insiders own 4.65% of the company’s stock.

About Cavium

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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