Is Cavium Incorporated (NASDAQ:CAVM)’s Fuel Running Low? Reports Show More Sellers

September 17, 2017 - By Nellie Frank

 Is Cavium Incorporated (NASDAQ:CAVM)’s Fuel Running Low? Reports Show More Sellers

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.89, from 1.82 in 2016Q3. It is negative, as 28 investors sold Cavium Inc shares while 78 reduced holdings. 35 funds opened positions while 64 raised stakes. 72.64 million shares or 5.12% more from 69.10 million shares in 2016Q3 were reported.
First Mercantile Tru reported 1,662 shares stake. Credit Suisse Ag invested in 591,995 shares or 0.04% of the stock. Wells Fargo & Mn reported 466,683 shares. Tiedemann Wealth Mngmt Ltd Co owns 5,950 shares. Jennison Llc invested in 0.1% or 1.38 million shares. Ameriprise Financial has 0.11% invested in Cavium Inc (NASDAQ:CAVM). Federated Invsts Pa holds 0% or 337 shares in its portfolio. Premier Asset Managment owns 152,030 shares or 2.47% of their US portfolio. Morgan Stanley reported 0% stake. Nuveen Asset Ltd reported 0% in Cavium Inc (NASDAQ:CAVM). Comml Bank Of America Corporation De holds 0.01% or 626,601 shares in its portfolio. Tower Research Cap Ltd (Trc) has 0.03% invested in Cavium Inc (NASDAQ:CAVM) for 3,777 shares. First Midwest Savings Bank Division has 0.14% invested in Cavium Inc (NASDAQ:CAVM) for 18,268 shares. Bancshares Of Ny Mellon Corp invested in 0.03% or 1.67M shares. Peak6 Invs L P holds 0.01% of its portfolio in Cavium Inc (NASDAQ:CAVM) for 21,223 shares.

Since May 16, 2017, it had 0 insider purchases, and 3 selling transactions for $5.26 million activity. 15,000 shares valued at $1.14M were sold by Pangrazio Vincent P on Tuesday, May 16. Jain Anil Kumar sold 14,769 shares worth $1.12M.

The stock of Cavium Incorporated (NASDAQ:CAVM) registered an increase of 13.94% in short interest. CAVM’s total short interest was 4.49M shares in September as published by FINRA. Its up 13.94% from 3.94 million shares, reported previously. With 719,300 shares average volume, it will take short sellers 6 days to cover their CAVM’s short positions. The short interest to Cavium Incorporated’s float is 6.83%.

The stock increased 3.95% or $2.53 on September 15, reaching $66.55. About 1.74 million shares traded or 108.28% up from the average. Cavium Inc (NASDAQ:CAVM) has risen 55.16% since September 17, 2016 and is uptrending. It has outperformed by 38.46% the S&P500.

Cavium, Inc. is a provider of integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage and security applications. The company has market cap of $4.58 billion. The Company’s products consist of multi-core processors for embedded and data center applications, network connectivity for server and switches, storage connectivity, and security processors for offload and appliance. It currently has negative earnings. A range of its products also include a suite of embedded security protocols that enable unified threat management , secure connectivity, network perimeter protection and deep packet inspection (DPI).

Cavium Inc (NASDAQ:CAVM) Ratings Coverage

Among 23 analysts covering Cavium Networks Inc. (NASDAQ:CAVM), 14 have Buy rating, 1 Sell and 8 Hold. Therefore 61% are positive. Cavium Networks Inc. had 52 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Thursday, August 3. The rating was downgraded by Pacific Crest on Thursday, June 16 to “Sector Perform”. On Wednesday, August 9 the stock rating was maintained by Oppenheimer with “Hold”. Loop Capital Markets maintained Cavium Inc (NASDAQ:CAVM) on Thursday, August 3 with “Buy” rating. The rating was maintained by Benchmark on Tuesday, January 24 with “Buy”. The stock of Cavium Inc (NASDAQ:CAVM) has “Overweight” rating given on Thursday, April 28 by Morgan Stanley. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, August 2. Canaccord Genuity maintained it with “Buy” rating and $76 target in Thursday, July 30 report. The company was maintained on Monday, July 10 by Canaccord Genuity. JMP Securities downgraded Cavium Inc (NASDAQ:CAVM) on Monday, November 23 to “Underperform” rating.

Another recent and important Cavium Inc (NASDAQ:CAVM) news was published by Prnewswire.com which published an article titled: “Cavium to Showcase M-CORD NFV/5G on ARM with Leaf and Spine SDN Fabric at …” on September 11, 2017.

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