Ownership Don’t Lie: Cavium Inc (NASDAQ:CAVM) Institutional Investor Sentiment Analysis

December 1, 2016 - By Louis Casey   ·   0 Comments

Ownership Don't Lie: Cavium Inc (NASDAQ:CAVM) Institutional Investor Sentiment Analysis

Sentiment for Cavium Inc (NASDAQ:CAVM)

Cavium Inc (NASDAQ:CAVM) institutional sentiment increased to 1.82 in Q2 2016. Its up 0.92, from 0.9 in 2016Q1. The ratio increased, as 106 active investment managers increased or opened new positions, while 118 reduced and sold holdings in Cavium Inc. The active investment managers in our partner’s database now hold: 60.99 million shares, down from 61.23 million shares in 2016Q1. Also, the number of active investment managers holding Cavium Inc in their top 10 positions decreased from 4 to 2 for a decrease of 2. Sold All: 59 Reduced: 59 Increased: 76 New Position: 30.

Cavium, Inc. is a provider of semiconductor processors, which enables processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The company has a market cap of $3.61 billion. The Company’s products include OCTEON, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search, ThunderX, Xpliant and XPA. It currently has negative earnings. It serves providers of networking equipment that sell into the enterprise, datacenter, service provider, and broadband and consumer markets.

About 975,679 shares traded hands. Cavium Inc (NASDAQ:CAVM) has risen 10.39% since April 28, 2016 and is uptrending. It has outperformed by 4.47% the S&P500.

Analysts await Cavium Inc (NASDAQ:CAVM) to report earnings on January, 25. They expect $0.18 earnings per share, up 260.00% or $0.13 from last year’s $0.05 per share. CAVM’s profit will be $12.02 million for 75.11 P/E if the $0.18 EPS becomes a reality. After $-0.16 actual earnings per share reported by Cavium Inc for the previous quarter, Wall Street now forecasts -212.50% EPS growth.

According to Zacks Investment Research, “Cavium, Inc. is engaged in providing semiconductor processors that enable networking, communications, storage, video and security applications. The Company offers software compatible processors with functionality in enterprise, data-center, broadband/consumer and access and service provider equipment. Its processors are supported by ecosystem partners that provide operating systems, tools and application support, hardware reference designs and other services. Cavium, Inc., formerly known as Cavium Networks, Inc., is headquartered in Mountain View, California.”

Shearlink Capital Llc holds 9.91% of its portfolio in Cavium Inc for 589,816 shares. Raging Capital Management Llc owns 834,925 shares or 4.95% of their US portfolio. Moreover, Bender Robert & Associates has 2.22% invested in the company for 81,501 shares. The California-based Falcon Point Capital Llc has invested 2.07% in the stock. Inverness Counsel Llc Ny, a New York-based fund reported 585,580 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 3 insider buys, and 1 sale for $3.37 million net activity.

Cavium Inc (NASDAQ:CAVM) Ratings Coverage

Ratings analysis reveals 56% of Cavium Networks Inc.’s analysts are positive. Out of 16 Wall Street analysts rating Cavium Networks Inc., 9 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $48 while the high is $83. The stock’s average target of $65.09 is 20.36% above today’s ($54.08) share price. CAVM was included in 30 notes of analysts from July 31, 2015. The company was initiated on Tuesday, September 20 by Susquehanna. The rating was downgraded by JMP Securities to “Underperform” on Monday, November 23. The stock has “Buy” rating given by Canaccord Genuity on Thursday, July 30. The rating was maintained by Needham with “Buy” on Thursday, October 29. The stock of Cavium Inc (NASDAQ:CAVM) has “Neutral” rating given on Thursday, December 10 by Bank of America. The firm has “Overweight” rating by Barclays Capital given on Friday, August 5. The firm earned “Buy” rating on Wednesday, November 2 by Benchmark. As per Thursday, April 28, the company rating was maintained by Topeka Capital Markets. The firm has “Buy” rating given on Thursday, June 16 by Brean Capital. The rating was downgraded by Stifel Nicolaus on Thursday, October 29 to “Hold”.

CAVM Company Profile

Cavium, Inc., incorporated on June 22, 2006, is a well-known provider of semiconductor processors, which enables 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 Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search, ThunderX, Xpliant and XPA. It offers integrated semiconductors that provide single or multiple cores of processors, along with intelligent Layer 2 through 7 processing for enterprise network, data center, broadband and consumer, and access and service well-known provider markets.

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By Louis Casey

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