Raging Capital Management LLC Increases Stake in Cavium INC (CAVM)

March 14, 2018 - By Ivan Hodges

Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.13, from 1.11 in 2017Q2. It worsened, as 45 investors sold CAVM shares while 65 reduced holdings. 31 funds opened positions while 77 raised stakes. 67.55 million shares or 0.96% more from 66.91 million shares in 2017Q2 were reported. M&T Comml Bank Corp accumulated 3,523 shares. Barclays Pcl holds 14,659 shares. Regent Invest Ltd Liability stated it has 51,210 shares or 1.14% of all its holdings. Advisory Svcs Ntwk Limited Liability Com has invested 0% in Cavium, Inc. (NASDAQ:CAVM). Axa has invested 0.02% in Cavium, Inc. (NASDAQ:CAVM). Nelson Roberts Inv Lc reported 1.36% in Cavium, Inc. (NASDAQ:CAVM). Landscape Cap Ltd Limited Liability Company holds 0.02% in Cavium, Inc. (NASDAQ:CAVM) or 3,100 shares. Oak Ridge Invests Limited Liability reported 1.2% of its portfolio in Cavium, Inc. (NASDAQ:CAVM). North Carolina-based Savings Bank Of America De has invested 0.01% in Cavium, Inc. (NASDAQ:CAVM). Gofen Glossberg Llc Il holds 0.01% or 3,975 shares. Price T Rowe Assocs Md holds 2.06 million shares or 0.02% of its portfolio. Citadel Advsrs Ltd Liability Corp has invested 0.03% in Cavium, Inc. (NASDAQ:CAVM). 138,692 are owned by California Pub Employees Retirement Systems. Wells Fargo Communications Mn reported 348,864 shares. Ameriprise Finance Incorporated holds 3.43 million shares or 0.11% of its portfolio.

Since February 16, 2018, it had 0 insider purchases, and 8 sales for $29.03 million activity. On Friday, February 16 the insider Pangrazio Vincent P sold $697,520. CHADWICK ARTHUR D also sold $10.37M worth of Cavium, Inc. (NASDAQ:CAVM) shares. $1.41 million worth of Cavium, Inc. (NASDAQ:CAVM) was sold by Jain Anil Kumar. 20,000 shares valued at $1.74M were sold by Hussain Muhammad Raghib on Friday, February 16. $11.09M worth of Cavium, Inc. (NASDAQ:CAVM) was sold by Ali Syed on Friday, March 2.

William C. Martin increased its stake in Cavium Inc (CAVM) by 835.9% based on its latest 2017Q3 regulatory filing with the SEC. Raging Capital Management Llc bought 336,811 shares as the company’s stock rose 6.47% with the market. The hedge fund run by William C. Martin held 377,104 shares of the technology company at the end of 2017Q3, valued at $24.87M, up from 40,293 at the end of the previous reported quarter. Raging Capital Management Llc who had been investing in Cavium Inc for a number of months, seems to be bullish on the $6.08B market cap company. The stock increased 0.12% or $0.1 during the last trading session, reaching $87.05. About 980,858 shares traded. Cavium, Inc. (NASDAQ:CAVM) has risen 55.16% since March 14, 2017 and is uptrending. It has outperformed by 38.46% the S&P500.

Raging Capital Management Llc, which manages about $631.31 million and $643.69 million US Long portfolio, decreased its stake in Scorpio Bulkers Inc by 882,759 shares to 3.23M shares, valued at $22.77M in 2017Q3, according to the filing.

More important recent Cavium, Inc. (NASDAQ:CAVM) news were published by: Streetinsider.com which released: “Form 425 CAVIUM, INC. Filed by: CAVIUM, INC.” on March 07, 2018, also Prnewswire.com published article titled: “Cavium and Sprint Collaborate for NFV Testing on Packet’s Public Cloud”, Prnewswire.com published: “Cavium, BT, Nokia and the Telecom Infra Project to Integrate OpenCellular Base …” on February 26, 2018. More interesting news about Cavium, Inc. (NASDAQ:CAVM) was released by: Streetinsider.com and their article: “Form SC 13G/A CAVIUM, INC. Filed by: FMR LLC” with publication date: March 12, 2018.

Cavium, Inc. (NASDAQ:CAVM) Ratings Coverage

Among 24 analysts covering Cavium Networks Inc. (NASDAQ:CAVM), 10 have Buy rating, 1 Sell and 13 Hold. Therefore 42% are positive. Cavium Networks Inc. had 71 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Monday, July 10 by Canaccord Genuity. Raymond James maintained Cavium, Inc. (NASDAQ:CAVM) rating on Thursday, September 14. Raymond James has “Outperform” rating and $75 target. The stock of Cavium, Inc. (NASDAQ:CAVM) has “Overweight” rating given on Saturday, September 5 by Barclays Capital. The rating was maintained by Benchmark on Wednesday, November 2 with “Buy”. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, January 31. The stock of Cavium, Inc. (NASDAQ:CAVM) earned “Neutral” rating by Bank of America on Thursday, December 10. The firm earned “Buy” rating on Thursday, June 16 by Brean Capital. Oppenheimer maintained Cavium, Inc. (NASDAQ:CAVM) on Wednesday, August 9 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Wednesday, January 31. Jeffries downgraded the shares of CAVM in report on Thursday, June 16 to “Hold” rating.

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