Shearlink Capital adds Cavium Inc (CAVM) to its portfolio

Cavium Inc (CAVM) : Shearlink Capital added new position in Cavium Inc during the most recent quarter end. The investment management firm now holds 589,816 shares of Cavium Inc which is valued at $30,528,876 , the company said in a statement filed on Aug 12, 2016 with the SEC.Cavium Inc makes up approximately 12.19% of Shearlink Capital’s portfolio.

Other Hedge Funds, Including , Emerald Mutual Fund Advisers Trust reduced its stake in CAVM by selling 51,326 shares or 15.59% in the most recent quarter. The Hedge Fund company now holds 277,858 shares of CAVM which is valued at $12,967,633. Cavium Inc makes up approx 0.69% of Emerald Mutual Fund Advisers Trust’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. Juncture Wealth Strategies sold out all of its stake in CAVM during the most recent quarter. The investment firm sold 14,039 shares of CAVM which is valued $588,936.

Cavium Inc closed down -0.18 points or -0.33% at $55.09 with 5,55,776 shares getting traded on Monday. Post opening the session at $55.28, the shares hit an intraday low of $54.78 and an intraday high of $55.68 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 $0.25 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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