Cavium, Inc. (NASDAQ:CAVM) recovered 39.52% of its value since hitting low of $56.96. The recent move of -0.6% drop pushed the stock to close at $79.47 when trading ended on 05/24/2018. At recent session, the prices were hovering between $79.01 and $80.365. This company shares are 9.75% off its target price of $87.22 and the current market capitalization stands at $5.49B. The recent change has given its price a 0.35% lead over SMA 50 and -14.23% deficit over its 52-week high. The stock witnessed 3.88% gains, -10.42% declines and -8.86% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CAVM’s volatility during a week at 2.25% and during a month it has been found around 2.94%.Cavium, Inc. (CAVM) Top Holders
Institutional investors currently hold around $5.1 billion or 87.7% in CAVM stock. Look at its top three institutional owners. Vanguard Group Inc owns $445.08 million in Cavium, Inc., which represents roughly 8.11% of the company’s market cap and approximately 8.74% of the institutional ownership. Similar statistics are true for the second largest owner, Jpmorgan Chase & Co, which owns 3,495,108 shares of the stock are valued at $279.43 million. The third largest holder is Fmr Llc, which currently holds $271.74 million worth of this stock and that ownership represents nearly 4.95% of its market capitalization.
At the end of 03/31/2018 reporting period, 112 institutional holders increased their position in Cavium, Inc. (NASDAQ:CAVM) by some 14,053,074 shares, 147 decreased positions by 18,541,408 and 39 held positions by 31,127,480. That puts total institutional holdings at 63,721,962 shares, according to SEC filings. The stock grabbed 33 new institutional investments totaling 1,313,952 shares while 43 institutional investors sold out their entire positions totaling 3,703,270 shares.Cavium, Inc. (NASDAQ:CAVM) Insider Trades
Multiple company employees have indulged in significant insider trading. Cavium, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Mehrotra Sanjay has sold 12,500 shares of Cavium, Inc. (CAVM) in trading session dated Mar. 09, 2018. These shares are worth $1,140,000 and were traded at $91.2 each. The SEC filing shows that Jain Anil Kumar performed a sale of 20,924 shares. The Corporate VP, IC Engineering disposed these shares by way of transaction on Mar. 09, 2018. The company’s shares were given away at $92.52 per share worth to an income of some $1,935,888 on account of Jain Anil Kumar.
SVP,Gen. Counsel & Secretary, Pangrazio Vincent P, sold 20,777 common shares of Cavium, Inc. (CAVM) in the open market. In a transaction dated Mar. 08, 2018, the shares were put up for sale at an average price of $90.08, raking in a sum of $1,871,592. After this sale, 45,072 common shares of CAVM are directly owned by the insider, with total stake valued at $3,581,872.
In the transaction dated Mar. 02, 2018, the great number of shares disposed came courtesy the Pres., CEO, Chairman of board; Ali Syed disposed a total of 125,000 shares at an average price of $88.71, amounting to approximately $11,088,750. The insider now directly owns 1,898,101 shares worth $150,842,086.Cavium, Inc. (CAVM) Analyst Guide
Several analysts have released their opinion on Cavium, Inc. (NASDAQ:CAVM), with 2 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.67 average brokerage recommendation.