Lombard Odier Asset Management USA Corp Purchases Shares of 30,000 Cavium, Inc. (CAVM), Report finds

Lombard Odier Asset Management USA Corp Purchases Shares of 30,000 Cavium, Inc. (CAVM), Report finds

Lombard Odier Asset Management USA Corp purchased a new stake in shares of Cavium, Inc. (NASDAQ:CAVM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the semiconductor provider’s stock, valued at approximately $1,746,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Cavium by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,991,770 shares of the semiconductor provider’s stock valued at $154,082,000 after buying an additional 77,699 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Cavium by 55.2% in the third quarter. Ameriprise Financial Inc. now owns 2,664,024 shares of the semiconductor provider’s stock valued at $155,047,000 after buying an additional 947,473 shares during the period. Wasatch Advisors Inc. increased its stake in shares of Cavium by 25.2% in the third quarter. Wasatch Advisors Inc. now owns 2,465,731 shares of the semiconductor provider’s stock valued at $143,506,000 after buying an additional 496,765 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Cavium by 695.8% in the third quarter. Bank of New York Mellon Corp now owns 2,129,252 shares of the semiconductor provider’s stock valued at $123,923,000 after buying an additional 1,861,704 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Cavium by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 2,022,348 shares of the semiconductor provider’s stock valued at $117,702,000 after buying an additional 264,187 shares during the period.

Shares of Cavium, Inc. (NASDAQ:CAVM) traded down 1.66% during mid-day trading on Wednesday, reaching $65.74. 655,420 shares of the company’s stock traded hands. Cavium, Inc. has a 12-month low of $35.90 and a 12-month high of $69.13. The company’s 50 day moving average is $64.03 and its 200 day moving average is $57.24. The company’s market cap is $4.40 billion.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings results on Wednesday, February 1st. The semiconductor provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Cavium had a negative net margin of 24.40% and a positive return on equity of 2.07%. The business had revenue of $226.20 million for the quarter, compared to analyst estimates of $224.49 million. During the same quarter in the prior year, the business posted $0.28 EPS. Cavium’s revenue for the quarter was up 124.2% compared to the same quarter last year. On average, analysts predict that Cavium, Inc. will post $2.69 EPS for the current fiscal year.

CAVM has been the subject of several analyst reports. Canaccord Genuity reissued a “hold” rating and set a $60.00 price target on shares of Cavium in a research report on Tuesday, January 31st. Benchmark Co. raised their price target on shares of Cavium from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, November 2nd. Jefferies Group LLC raised their price target on shares of Cavium from $60.00 to $69.00 and gave the company a “hold” rating in a research report on Thursday, February 2nd. Zacks Investment Research raised shares of Cavium from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $66.00 price target on shares of Cavium in a research report on Wednesday, November 2nd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $63.54.

In related news, SVP Vincent P. Pangrazio sold 25,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $66.95, for a total transaction of $1,673,750.00. Following the sale, the senior vice president now owns 31,970 shares in the company, valued at $2,140,391.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Syed Ali sold 109,948 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $54.85, for a total transaction of $6,030,647.80. Following the sale, the chief executive officer now owns 1,843,431 shares in the company, valued at approximately $101,112,190.35. The disclosure for this sale can be found here. Insiders sold 159,948 shares of company stock worth $9,316,148 in the last quarter. Company insiders own 4.63% of the company’s stock.

Cavium Company Profile

Cavium, Inc is a provider of semiconductor processors, which enables 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 Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search, ThunderX, Xpliant and XPA.

Want to see what other hedge funds are holding CAVM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cavium, Inc. (NASDAQ:CAVM).

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Lombard Odier Asset Management USA Corp Purchases Shares of 30,000 Cavium, Inc. (CAVM)

Lombard Odier Asset Management USA Corp Purchases Shares of 30,000 Cavium, Inc. (CAVM)

Lombard Odier Asset Management USA Corp purchased a new stake in shares of Cavium, Inc. (NASDAQ:CAVM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the semiconductor provider’s stock, valued at approximately $1,746,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Cavium by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,991,770 shares of the semiconductor provider’s stock valued at $154,082,000 after buying an additional 77,699 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Cavium by 55.2% in the third quarter. Ameriprise Financial Inc. now owns 2,664,024 shares of the semiconductor provider’s stock valued at $155,047,000 after buying an additional 947,473 shares during the period. Wasatch Advisors Inc. increased its stake in shares of Cavium by 25.2% in the third quarter. Wasatch Advisors Inc. now owns 2,465,731 shares of the semiconductor provider’s stock valued at $143,506,000 after buying an additional 496,765 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Cavium by 695.8% in the third quarter. Bank of New York Mellon Corp now owns 2,129,252 shares of the semiconductor provider’s stock valued at $123,923,000 after buying an additional 1,861,704 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Cavium by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 2,022,348 shares of the semiconductor provider’s stock valued at $117,702,000 after buying an additional 264,187 shares during the period.

Shares of Cavium, Inc. (NASDAQ:CAVM) traded down 1.66% during mid-day trading on Wednesday, reaching $65.74. 655,420 shares of the company’s stock traded hands. Cavium, Inc. has a 12-month low of $35.90 and a 12-month high of $69.13. The company’s 50 day moving average is $64.03 and its 200 day moving average is $57.24. The company’s market cap is $4.40 billion.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings results on Wednesday, February 1st. The semiconductor provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Cavium had a negative net margin of 24.40% and a positive return on equity of 2.07%. The business had revenue of $226.20 million for the quarter, compared to analyst estimates of $224.49 million. During the same quarter in the prior year, the business posted $0.28 EPS. Cavium’s revenue for the quarter was up 124.2% compared to the same quarter last year. On average, analysts predict that Cavium, Inc. will post $2.69 EPS for the current fiscal year.

CAVM has been the subject of several analyst reports. Canaccord Genuity reissued a “hold” rating and set a $60.00 price target on shares of Cavium in a research report on Tuesday, January 31st. Benchmark Co. raised their price target on shares of Cavium from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, November 2nd. Jefferies Group LLC raised their price target on shares of Cavium from $60.00 to $69.00 and gave the company a “hold” rating in a research report on Thursday, February 2nd. Zacks Investment Research raised shares of Cavium from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $66.00 price target on shares of Cavium in a research report on Wednesday, November 2nd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $63.54.

In related news, SVP Vincent P. Pangrazio sold 25,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $66.95, for a total transaction of $1,673,750.00. Following the sale, the senior vice president now owns 31,970 shares in the company, valued at $2,140,391.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Syed Ali sold 109,948 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $54.85, for a total transaction of $6,030,647.80. Following the sale, the chief executive officer now owns 1,843,431 shares in the company, valued at approximately $101,112,190.35. The disclosure for this sale can be found here. Insiders sold 159,948 shares of company stock worth $9,316,148 in the last quarter. Company insiders own 4.63% of the company’s stock.

Cavium Company Profile

Cavium, Inc is a provider of semiconductor processors, which enables 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 Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search, ThunderX, Xpliant and XPA.

Want to see what other hedge funds are holding CAVM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cavium, Inc. (NASDAQ:CAVM).

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