Avalon Global Asset Management buys $3,580,650 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 Nov 14, 2016. The investment management firm now holds a total of 65,700 shares of Cavium Inc which is valued at $3,580,650.Cavium Inc makes up approximately 3.05% of Avalon Global Asset Management’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 30,714 shares of CAVM which is valued $1,673,913. Stevens Capital Management Lp sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 45,644 shares of CAVM which is valued $2,461,124. Arizona State Retirement System sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 4,230 shares of CAVM which is valued $226,390.Reilly Financial Advisors reduced its stake in CAVM by selling 1 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 12 shares of CAVM which is valued at $692. Chicago Capital Management sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 2,537 shares of CAVM which is valued $141,590.

Cavium Inc closed down -0.4 points or -0.72% at $55.36 with 6,73,971 shares getting traded on Monday. Post opening the session at $55.93, the shares hit an intraday low of $54.87 and an intraday high of $55.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Cavium Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.39. The company had revenue of $168.10 million for the quarter, compared to analysts expectations of $159.55 million. The company’s revenue was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Cavium Inc. Cavium Inc was Initiated by Susquehanna to “Positive” on Sep 20, 2016. Cavium Inc was Resumed by JP Morgan to “Overweight” on Sep 13, 2016.

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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