State Board of Administration of Florida Retirement System grew its stake in Cavium, Inc. (NASDAQ:CAVM) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,098 shares of the semiconductor provider’s stock after buying an additional 1,030 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.14% of Cavium worth $6,469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Solaris Asset Management LLC increased its position in Cavium by 43.4% in the second quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock worth $143,000 after buying an additional 695 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Cavium by 107.3% in the second quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock worth $160,000 after buying an additional 1,335 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Cavium in the second quarter worth about $228,000. Pacad Investment Ltd. increased its position in Cavium by 42.3% in the second quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock worth $230,000 after buying an additional 1,100 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in Cavium by 3.5% in the second quarter. D.A. Davidson & CO. now owns 3,768 shares of the semiconductor provider’s stock worth $234,000 after buying an additional 129 shares in the last quarter.

Several analysts recently issued reports on CAVM shares. MKM Partners reiterated a “buy” rating and set a $81.00 target price on shares of Cavium in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Cavium from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Monday, November 6th. Canaccord Genuity reiterated a “hold” rating and set a $66.00 target price on shares of Cavium in a research report on Tuesday, August 15th. Loop Capital reiterated a “buy” rating and set a $81.00 target price on shares of Cavium in a research report on Thursday, November 2nd. Finally, KeyCorp upgraded Cavium from a “sector weight” rating to an “overweight” rating and set a $80.00 target price for the company in a research report on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Cavium currently has an average rating of “Buy” and an average price target of $77.88.

In other news, COO Muhammad Raghib Hussain sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 60,039 shares of the company’s stock, valued at $4,636,211.58. The disclosure for this sale can be found here. 4.65% of the stock is owned by company insiders.

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Shares of Cavium, Inc. (NASDAQ:CAVM) opened at $77.36 on Tuesday. The stock has a market capitalization of $5,347.67, a P/E ratio of 71.62, a PEG ratio of 2.79 and a beta of 1.27. Cavium, Inc. has a one year low of $53.62 and a one year high of $77.50. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $251.99 million during the quarter, compared to analyst estimates of $250.16 million. Cavium had a positive return on equity of 11.16% and a negative net margin of 19.94%. The company’s revenue for the quarter was up 49.9% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS. sell-side analysts predict that Cavium, Inc. will post 1.33 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Cavium (NASDAQ:CAVM)

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