Cavium Incorporated (NASDAQ:CAVM) Shorted Shares Increased 13.94% After Market Selling

September 17, 2017 - By Michael Collier

 Cavium Incorporated (NASDAQ:CAVM) Shorted Shares Increased 13.94% After Market Selling

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.89, from 1.82 in 2016Q3. It turned 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.
Tcw reported 63,100 shares. Carlson Limited Partnership holds 145,488 shares or 0.11% of its portfolio. Fisher Asset Limited Company holds 0.01% in Cavium Inc (NASDAQ:CAVM) or 110,523 shares. Stephens Inv Mngmt Llc accumulated 491,171 shares. The United Kingdom-based Henderson Group Public Limited Com has invested 0.32% in Cavium Inc (NASDAQ:CAVM). Allianz Asset Ag owns 41,395 shares for 0% of their portfolio. 14,343 were reported by Kcg. Jennison Associates Ltd invested 0.1% in Cavium Inc (NASDAQ:CAVM). Gmt Cap holds 581,736 shares. American Intl Gp, New York-based fund reported 37,095 shares. Whittier Trust Of Nevada has 0% invested in Cavium Inc (NASDAQ:CAVM) for 5 shares. Massmutual Fsb Adv has 0% invested in Cavium Inc (NASDAQ:CAVM) for 6,005 shares. Lord Abbett & Ltd holds 0.07% of its portfolio in Cavium Inc (NASDAQ:CAVM) for 358,622 shares. Legal General Group Plc invested 0% of its portfolio in Cavium Inc (NASDAQ:CAVM). Symmetry Peak Management Ltd Limited Liability Company invested in 39,827 shares or 0.86% of the stock.

Since May 16, 2017, it had 0 insider buys, and 3 selling transactions for $5.26 million activity. Jain Anil Kumar sold 14,769 shares worth $1.12M. Another trade for 40,000 shares valued at $3.01 million was sold by CHADWICK ARTHUR D.

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 1.74M 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 stock of Cavium Inc (NASDAQ:CAVM) has “Sector Perform” rating given on Thursday, June 16 by Pacific Crest. The stock of Cavium Inc (NASDAQ:CAVM) has “Hold” rating given on Thursday, June 16 by Canaccord Genuity. The company was maintained on Thursday, August 13 by Canaccord Genuity. Oppenheimer maintained Cavium Inc (NASDAQ:CAVM) on Thursday, August 3 with “Hold” rating. On Sunday, August 13 the stock rating was maintained by Canaccord Genuity with “Hold”. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, August 2. Susquehanna maintained the shares of CAVM in report on Thursday, August 3 with “Buy” rating. Bank of America initiated Cavium Inc (NASDAQ:CAVM) on Thursday, December 10 with “Neutral” rating. Barclays Capital maintained it with “Overweight” rating and $60 target in Friday, August 5 report. The company was downgraded on Thursday, October 29 by Stifel Nicolaus.

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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