Large Outflow of Money Witnessed in Cavium, Inc.

Cavium, Inc. (CAVM) jumped 0.31 points or 0.47% on strong buying and was last priced at $66.52 per share. The shares saw huge fund flow intraday; a massive $19.5 million made their way in through the upticks but an even bigger $23.78 million made their way out through downticks. As per the last observation, the net money flow stood at $(-4.28) million and the up/down ratio was found to be 0.82. The shares have seen a weekly value change of 1.88% .A block trade was recorded in the company shares with a net money flow of $(-5.65) million. The composite value of the funds in upticks was $1.6 million and the total value of funds in downticks was $7.25. As can be seen from the data, the block transaction had the up/down ratio of 0.22.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Cavium, Inc. rose by 2.01% in the last five trading days and 6.53% for the last 4 weeks. Cavium, Inc. is up 17.84% in the last 3-month period. Year-to-Date the stock performance stands at 6.53%. Cavium, Inc. (NASDAQ:CAVM) rose 0.47% or 0.31 points on Wednesday and made its way into the gainers of the day. After trading began at $66.97 the stock was seen hitting $67.325 as a peak level and $65.5 as the lowest level. The stock ended up at $66.52. The daily volume was measured at 1,359,703 shares. The 52-week high of the share price is $67.325 and the 52-week low is $35.9. The company has a market cap of $4,457 million.

Company has reported several Insider transactions to the SEC, on Dec 15, 2016, C N Reddy (director) sold 12,500 shares at 63.26 per share price.On Nov 23, 2016, Syed Ali (Pres., CEO, Chairman of board) sold 109,948 shares at 54.85 per share price.On Aug 29, 2016, Arthur D Chadwick (CFO) purchased 20,000 shares at 55.33 per share price.

Cavium Inc Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.54. The company had revenue of $226.20 million for the quarter, compared to analysts expectations of $224.46 million. The companys revenue was up 124.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by The Benchmark Company on Jan 24, 2017 to Buy, Raises Price Target to $ 69 from a previous price target of $63 .Cavium Inc was Initiated by Loop Capital to Buy on Dec 6, 2016.

Cavium, Inc. is engaged in providing semiconductor processors that enable networking, communications, storage, video and security applications. The Company offers software compatible processors with functionality in enterprise, data-center, broadband/consumer and access and service provider equipment. Its processors are supported by ecosystem partners that provide operating systems, tools and application support, hardware reference designs and other services. Cavium, Inc., formerly known as Cavium Networks, Inc., is headquartered in Mountain View, California.


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