Benchmark Downgrades Cavium (NASDAQ:CAVM) to Hold

Benchmark lowered shares of Cavium (NASDAQ:CAVM) from a buy rating to a hold rating in a report published on Monday, November 20th.

Several other equities research analysts have also issued reports on CAVM. BidaskClub lowered shares of Cavium from a hold rating to a sell rating in a research note on Monday, July 31st. Canaccord Genuity restated a hold rating on shares of Cavium in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Cavium from a hold rating to a strong sell rating in a research note on Monday, August 7th. MKM Partners restated a buy rating and set a $81.00 price target on shares of Cavium in a research note on Wednesday, August 16th. Finally, Loop Capital reiterated a buy rating and issued a $81.00 price objective on shares of Cavium in a research note on Tuesday, August 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $78.41.

Cavium (NASDAQ:CAVM) traded down $0.27 during trading on Monday, hitting $84.60. 739,785 shares of the company’s stock traded hands, compared to its average volume of 1,051,092. Cavium has a 1 year low of $56.96 and a 1 year high of $88.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.27 and a current ratio of 2.87. The company has a market cap of $5,927.34, a PE ratio of 79.36, a P/E/G ratio of 3.09 and a beta of 1.36.

Cavium (NASDAQ:CAVM) last posted its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The firm had revenue of $251.99 million for the quarter, compared to analysts’ expectations of $250.16 million. During the same quarter last year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 49.9% compared to the same quarter last year. sell-side analysts expect that Cavium will post 1.33 EPS for the current fiscal year.

In other news, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction on Friday, November 10th. The shares were sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the completion of the sale, the senior vice president now directly owns 60,039 shares of the company’s stock, valued at approximately $4,636,211.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Anil Kumar Jain sold 8,500 shares of Cavium stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $85.90, for a total transaction of $730,150.00. Following the sale, the vice president now directly owns 91,616 shares of the company’s stock, valued at $7,869,814.40. The disclosure for this sale can be found here. 4.65% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Solaris Asset Management LLC lifted its stake in Cavium by 43.4% in the second quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock worth $143,000 after purchasing an additional 695 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Cavium by 107.3% in the second quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock worth $160,000 after purchasing an additional 1,335 shares during the last quarter. World Asset Management Inc bought a new stake in Cavium in the third quarter worth $203,000. Tudor Investment Corp ET AL bought a new stake in Cavium in the second quarter worth $228,000. Finally, Pacad Investment Ltd. lifted its stake in Cavium by 42.3% in the second quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock worth $230,000 after purchasing an additional 1,100 shares during the last quarter.

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Cavium Company Profile

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’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.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

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