Maplelane Capital buys $21,221,600 stake in Cavium Inc (CAVM)

Cavium Inc (CAVM) : Maplelane Capital scooped up 409,999 additional shares in Cavium Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 410,000 shares of Cavium Inc which is valued at $21,221,600.Cavium Inc makes up approximately 2.07% of Maplelane Capital’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc reduced its stake in CAVM by selling 2,953 shares or 32.05% in the most recent quarter. The Hedge Fund company now holds 6,261 shares of CAVM which is valued at $324,069. Cavium Inc makes up approx 0.01% of Clinton Group Inc’s portfolio. Profund Advisors sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 3,278 shares of CAVM which is valued $169,669. Engineers Gate Manager Lp sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 3,786 shares of CAVM which is valued $195,963.Msi Financial Services Inc reduced its stake in CAVM by selling 91 shares or 19.28% in the most recent quarter. The Hedge Fund company now holds 381 shares of CAVM which is valued at $17,846.

Cavium Inc opened for trading at $55.81 and hit $56.72 on the upside on Thursday, eventually ending the session at $56.71, with a gain of 1.85% or 1.03 points. The heightened volatility saw the trading volume jump to 5,98,266 shares. Company has a market cap of $3,283 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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