Teachers Advisors LLC decreased its position in shares of Cavium, Inc. (NASDAQ:CAVM) by 50.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,770 shares of the semiconductor provider’s stock after selling 70,845 shares during the period. Teachers Advisors LLC owned 0.10% of Cavium worth $4,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Cavium by 4.3% during the first quarter. Vanguard Group Inc. now owns 5,121,457 shares of the semiconductor provider’s stock valued at $367,004,000 after acquiring an additional 211,144 shares during the last quarter. BlackRock Inc. lifted its position in Cavium by 64,275.6% during the first quarter. BlackRock Inc. now owns 4,382,691 shares of the semiconductor provider’s stock valued at $314,065,000 after acquiring an additional 4,375,883 shares during the last quarter. State Street Corp lifted its position in Cavium by 3.4% during the first quarter. State Street Corp now owns 1,370,661 shares of the semiconductor provider’s stock valued at $98,221,000 after acquiring an additional 44,456 shares during the last quarter. Victory Capital Management Inc. lifted its position in Cavium by 21.6% during the second quarter. Victory Capital Management Inc. now owns 949,954 shares of the semiconductor provider’s stock valued at $59,020,000 after acquiring an additional 168,545 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Cavium by 9.3% during the first quarter. Bank of America Corp DE now owns 684,716 shares of the semiconductor provider’s stock valued at $49,067,000 after acquiring an additional 58,115 shares during the last quarter. 98.38% of the stock is owned by institutional investors.

Cavium, Inc. (NASDAQ CAVM) opened at 67.71 on Friday. The firm’s 50-day moving average is $65.26 and its 200-day moving average is $66.88. The firm’s market cap is $4.66 billion. Cavium, Inc. has a 52 week low of $50.81 and a 52 week high of $76.26.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $242.09 million during the quarter, compared to the consensus estimate of $238.93 million. Cavium had a negative net margin of 22.82% and a positive return on equity of 5.94%. The company’s revenue was up 125.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, equities analysts anticipate that Cavium, Inc. will post $2.79 earnings per share for the current year.

A number of research firms recently commented on CAVM. MKM Partners reissued a “buy” rating and set a $81.00 target price on shares of Cavium in a research report on Wednesday, August 16th. Barclays PLC raised shares of Cavium from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 21st. Loop Capital reissued a “buy” rating and set a $81.00 target price on shares of Cavium in a research report on Tuesday, August 22nd. BidaskClub raised shares of Cavium from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Cavium in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $78.13.

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In related news, COO Muhammad Raghib Hussain sold 20,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.65% of the stock is owned by corporate insiders.

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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