Avalon Global Asset Management buys $3,141,832 stake in Cavium Inc (CAVM)

Cavium Inc (CAVM) : Avalon Global Asset Management scooped up 5,000 additional shares in Cavium Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 60,700 shares of Cavium Inc which is valued at $3,141,832.Cavium Inc makes up approximately 2.68% of Avalon Global Asset Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in CAVM in the latest quarter, The investment management firm added 13,025 additional shares and now holds a total of 115,936 shares of Cavium Inc which is valued at $6,000,847. Cavium Inc makes up approx 0.02% of Raymond James Associates’s portfolio.Fieldpoint Private Advisors Inc reduced its stake in CAVM by selling 10 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 53,605 shares of CAVM which is valued at $2,623,429. Cavium Inc makes up approx 1.71% of Fieldpoint Private Advisors Inc’s portfolio. Glenmede Trust Co Na sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 510 shares of CAVM which is valued $24,959.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in CAVM in the latest quarter, The investment management firm added 1,580 additional shares and now holds a total of 25,635 shares of Cavium Inc which is valued at $1,213,817. Cavium Inc makes up approx 0.02% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.

Cavium Inc opened for trading at $55.15 and hit $56.3 on the upside on Tuesday, eventually ending the session at $55.44, with a gain of 0.49% or 0.27 points. The heightened volatility saw the trading volume jump to 9,44,047 shares. Company has a market cap of $3,210 M.

On the company’s financial health, Cavium Inc reported $0.25 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.25. The company had revenue of $101.90 million for the quarter, compared to analysts expectations of $102.01 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Cavium Inc. Cavium Inc was Downgraded by Jefferies to ” Hold” on Jun 16, 2016. Cavium Inc was Downgraded by Canaccord Genuity to ” Hold” on Jun 16, 2016. Shares were Reiterated by Canaccord Genuity on Jun 7, 2016 to “Buy” and Lowered the Price Target to $ 61 from a previous price target of $67 .

Cavium Inc. is a provider of semiconductor processors which enable 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 Plus OCTEON Fusion OCTEON XL LiquidIO NITROX NEURON Search and PureVu. The Company’s OCTEON OCTEON Plus OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (PCI Express). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX a multi-core SoC processor and MontaVista software products.

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