Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Cavium reported first-quarter results that came in below our expectations, as revenue grew only 0.5% year over year. The firm is ramping up a bevy of products and had previously enjoyed balanced growth across its end markets in recent quarters. Given the pending purchase of Cavium by Marvell Technology, the firm did not host a conference call to discuss its results or provide forward guidance. First-quarter revenue came in at $230.8 million. While we don't believe Cavium has an economic moat, we...
Two Directors at Cavium Inc sold after exercising options/sold 33,424 shares at between 91.200USD and 92.520USD. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the com...
Cavium reported fourth-quarter results in line with our expectations. The firm is ramping a bevy of products and has enjoyed balanced growth across its end-markets in recent quarters. Given the pending purchase of Cavium by Marvell Technology, the firm did not host a conference call to discuss its results or provide forward guidance. Fourth-quarter revenue was up 3% sequentially to $260.3 million, while annual sales were up 63% to $984 million as 2017 marked the first full year with QLogic in-to...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Cavium, Inc. (NASDAQ GS: CAVM)? Did you purchase any of your shares prior to November 20, 2017? Do you think the proposed buyout is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Cavium, Inc. (“Cavium” or the “Company”) (NASDAQ GS: CAVM) regarding possible...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of Cavium, Inc. (NASDAQ: CAVM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Marvell Technology Group Ltd. (NASDAQ: MRVL). Under the terms of the deal, Cavium shareholders will receive $40.00 in cash and 2.1757 Marvell common shares for each Cavium share they own. The investigation concerns whether the Cavium Board of Directors breached their fiduciary d...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of Cavium, Inc. (NASDAQ:CAVM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Marvell Technology Group Ltd. (NASDAQ:MRVL). Under the terms of the deal, Cavium shareholders will receive $40.00 in cash and 2.1757 Marvell common shares for each Cavium share they own. The investigation concerns whether the Cavium Board of Directors breached their fiduciary dut...
CORPORATES CREDIT OPINION 22 November 2017 Update RATINGS Cavium, Inc. Domicile San Jose, California, United States Long Term Rating Ba3 , Possible Upgrade Type LT Corporate Family Ratings Outlook Rating(s) Under Review Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Te
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Cavium, Inc. (“Cavium”) (NASDAQ: CAVM) concerning the acquisition by Marvell Technology Group Ltd. (NASDAQ: MRVL). Under the terms of the agreement, valued at approximately $6 billion, Cavium shareholders will only receive $40.00 in cash and 2.1757 Marvell common shares for each share of Cavium owned. Based on the closing price of Marvell before the deal was annou...
Rating Action: Moody's reviews Cavium's Ba3 corporate family rating for upgrade on announced acquisition agreement with Marvell. Global Credit Research- 21 Nov 2017. New York, November 21, 2017-- Moody's Investors Service placed under review for upgrade the credit ratings of Cavium, Inc., including the Ba3 Corporate Family Rating and senior secured rating.
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Cavium, Inc. (“Cavium” or the “Company”) (NASDAQ: CAVM) stock prior to November 20, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Cavium to Marvell Technology Group Ltd. (NASDAQ: MRVL). Under the terms of the transaction, shareholders of Cavium will receive $40.00 in cash and 2.1757 Marvell common share...
On Nov. 3, The Wall Street Journal reported that Marvell and Cavium are in advanced talks to combine. Cavium shareholders would receive a slight premium, and the combined entity would possess a market capitalization of roughly $14 billion, based on recent share prices. Although there aren’t any clear-cut synergies between the product portfolios of the firms, Cavium is a high-growth name that would likely benefit from Marvell’s greater scale. In particular, the combination would enable Cavium...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Cavium, Inc. (NASDAQ GS: CAVM)? Did you purchase any of your shares prior to November 20, 2017? Do you think the proposed buyout is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Cavium, Inc. (“Cavium” or the “Company”) (NASDAQ GS: CAVM) regarding possible...
NEW YORK--(BUSINESS WIRE)-- Rowley Law PLLC is investigating potential claims against Cavium, Inc. (NASDAQ: CAVM) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Marvell Technology Group Ltd. Cavium, Inc. shareholders will receive $40.00 in cash and 2.1757 shares of Marvell common stock for each share of Cavium, Inc. they hold. The transaction is valued at approximately $6 billion and is expected to close in the middle of 2018. If you are a shareholder of Ca...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Cavium, Inc. (“Cavium” or the “Company”) (NASDAQ: CAVM) stock prior to November 20, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Cavium to Marvell Technology Group Ltd. (NASDAQ: MRVL). Under the terms of the transaction, shareholders of Cavium will receive $40.00 in cash and 2.1757 Marvell common share...
On Nov. 3, The Wall Street Journal reported that Marvell and Cavium are in advanced talks to combine. Cavium shareholders would receive a slight premium, and the combined entity would possess a market capitalization of roughly $14 billion, based on recent share prices. Although there aren’t any clear-cut synergies between the product portfolios of the firms, Cavium is a high-growth name that would likely benefit from Marvell’s greater scale. In particular, the combination would enable Cavium...
Cavium reported third-quarter results that were slightly ahead of our expectations. The firm is ramping a litany of products and has enjoyed balanced growth across its end-markets. While we don’t think the firm currently has an economic moat, we think the consistent growth across Cavium’s product lines supports our positive moat trend, as the firm continues to expand its silicon solutions in the service provider and data center markets, which subsequently increase switching costs for custome...
Cavium reported third-quarter results that were slightly ahead of our expectations. The firm is ramping a litany of products and has enjoyed balanced growth across its end-markets. While we don’t think the firm currently has an economic moat, we think the consistent growth across Cavium’s product lines supports our positive moat trend, as the firm continues to expand its silicon solutions in the service provider and data center markets, which subsequently increase switching costs for custome...
Cavium reported second-quarter results that were slightly ahead of our expectations. The company continues to execute well on its new product ramps, in addition to the ongoing incorporation of its QLogic acquisition. Although we don’t believe the firm has a moat, we think the consistent growth across Cavium’s product line supports our positive moat trend, as the firm continues to expand its silicon solutions in the service provider and data center markets, which subsequently increase switchi...
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