Premier Asset Managment Lowers stake in Cavium Inc (CAVM)

Cavium Inc (CAVM) : Premier Asset Managment reduced its stake in Cavium Inc by 3.36% during the most recent quarter end. The investment management company now holds a total of 163,905 shares of Cavium Inc which is valued at $8,760,722 after selling 5,700 shares in Cavium Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Cavium Inc makes up approximately 2.23% of Premier Asset Managment’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in CAVM by selling 11 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 370 shares of CAVM which is valued at $19,777.Eagle Asset Management Inc reduced its stake in CAVM by selling 48,018 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 1,571,559 shares of CAVM which is valued at $87,268,671. Cavium Inc makes up approx 0.60% of Eagle Asset Management Inc’s portfolio.Cutler Group Lp reduced its stake in CAVM by selling 9,091 shares or 99.28% in the most recent quarter. The Hedge Fund company now holds 66 shares of CAVM which is valued at $3,781.Fisher Asset Management boosted its stake in CAVM in the latest quarter, The investment management firm added 35,722 additional shares and now holds a total of 134,650 shares of Cavium Inc which is valued at $7,714,099. Cavium Inc makes up approx 0.01% of Fisher Asset Management’s portfolio. Simplex Trading sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 83 shares of CAVM which is valued $4,771.

Cavium Inc closed down -1.76 points or -3.07% at $55.53 with 10,20,925 shares getting traded on Tuesday. Post opening the session at $57.23, the shares hit an intraday low of $54.77 and an intraday high of $57.31 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 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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