Cavium, Inc. (NASDAQ:CAVM) Shares Bought by Solaris Asset Management LLC

Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. JPMorgan Chase & Co. now owns 2,964,350 shares of the semiconductor provider's stock valued at $212,424,000 after buying an additional 675,059 shares during the last quarter. Cavium has a 12 month low of $50.01 and a 12 month high of $76.26. New England Research & Management Inc. now owns 5,050 shares of the semiconductor provider's stock valued at $362,000 after buying an additional 1,764 shares in the last quarter. IFP Advisors Inc now owns 1,559 shares of the semiconductor provider's stock valued at $112,000 after buying an additional 101 shares during the last quarter. Solaris Asset Management LLC boosted its position in shares of Cavium by 52.4% in the first quarter. The Pier Capital Llc holds 92,862 shares with $5.80M value, down from 117,091 last quarter. "(CAVM) to "Overweight" was reported by StockNewsTimes and is the property of of StockNewsTimes. The stock's 50 day moving average price is $63.62 and its 200-day moving average price is $67.92. MKM Partners reissued a "buy" rating and issued a $81.00 price target (up from $77.00) on shares of Cavium in a report on Monday, May 1st.

06/20/2017 - Cavium, Inc. had its "sector weight" rating reiterated by analysts at Pacific Crest.

Yesterday Cavium Networks (NASDAQ:CAVM) traded -2.20% lower at $62.54.

Solaris Asset Management LLC increased its position in shares of Cavium, Inc. Renaissance Technologies LLC acquired a new position in shares of Cavium during the fourth quarter valued at approximately $2,088,000. 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 period. The firm's market cap is $4.06 billion.

As of the latest earnings report the EPS was $-2.98 and is estimated to be $2.79 for the current year with 68,198,000 shares now outstanding. Cavium had a negative net margin of 22.82% and a positive return on equity of 5.94%. The company had revenue of $242.09 million for the quarter, compared to analyst estimates of $238.93 million. During the same period in the prior year, the firm posted $0.29 earnings per share. Public Employees Retirement Association of Colorado now owns 193,183 shares of the semiconductor provider's stock valued at $12,002,000 after buying an additional 2,071 shares during the last quarter. Cavium's revenue was up 125.8% compared to the same quarter a year ago. Analysts anticipate that Cavium will post $2.79 EPS for the current fiscal year.

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In other news, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $75.73, for a total transaction 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. Also, VP Arthur D. Chadwick sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 16th. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The disclosure for this sale can be found here. The Business'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.

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.

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