Herald Investment Management Ltd Lowers stake in Cavium Inc (CAVM)

Cavium Inc (CAVM) : Herald Investment Management Ltd reduced its stake in Cavium Inc by 34.96% during the most recent quarter end. The investment management company now holds a total of 100,000 shares of Cavium Inc which is valued at $5,050,000 after selling 53,750 shares in Cavium Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Cavium Inc makes up approximately 1.96% of Herald Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. added CAVM to its portfolio by purchasing 24,765 company shares during the most recent quarter which is valued at $1,250,633. Cavium Inc makes up approx 0.01% of Bnp Paribas Investment Partners S.a.’s portfolio. Princeton Alpha Management Lp added CAVM to its portfolio by purchasing 7,421 company shares during the most recent quarter which is valued at $363,184. Cavium Inc makes up approx 0.06% of Princeton Alpha Management Lp’s portfolio.Mutual Of America Capital Management boosted its stake in CAVM in the latest quarter, The investment management firm added 123,062 additional shares and now holds a total of 195,107 shares of Cavium Inc which is valued at $9,238,316. Cavium Inc makes up approx 0.19% of Mutual Of America Capital Management’s portfolio. Barrett Asset Management sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 298 shares of CAVM which is valued $12,939.

Cavium Inc opened for trading at $51.62 and hit $52.73 on the upside on Monday, eventually ending the session at $51.98, with a gain of 0.43% or 0.22 points. The heightened volatility saw the trading volume jump to 10,34,967 shares. Company has a market cap of $3,010 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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