Cavium Inc (NASDAQ:CAVM) has received a consensus rating of “Hold” from the twenty ratings firms that are covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $79.83.
CAVM has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $78.00 price target on shares of Cavium in a research note on Thursday, November 2nd. Loop Capital reissued a “buy” rating and issued a $81.00 price target on shares of Cavium in a research note on Thursday, November 2nd. Zacks Investment Research raised Cavium from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Monday, November 6th. Jefferies Group reissued a “buy” rating and issued a $40.00 price target on shares of Cavium in a research note on Sunday, November 26th. Finally, Morgan Stanley downgraded Cavium from an “overweight” rating to an “equal weight” rating and set a $77.00 price target on the stock. in a research note on Tuesday, November 21st.
Cavium (CAVM) traded down $0.09 during mid-day trading on Wednesday, hitting $87.16. The stock had a trading volume of 489,000 shares, compared to its average volume of 1,154,294. 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 firm has a market cap of $6,077.83, a P/E ratio of 60.95, a P/E/G ratio of 2.17 and a beta of 1.33. Cavium has a one year low of $56.96 and a one year high of $90.83.
Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02. The company had revenue of $260.36 million for the quarter, compared to the consensus estimate of $260.05 million. Cavium had a positive return on equity of 14.28% and a negative net margin of 7.00%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. analysts predict that Cavium will post 2.14 EPS for the current year.
In related news, VP Anil Kumar Jain sold 8,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total value of $730,150.00. Following the completion of the sale, the vice president now owns 91,616 shares in the company, valued at approximately $7,869,814.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.65% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its holdings in Cavium by 16.5% during the 2nd quarter. HighTower Advisors LLC now owns 4,603 shares of the semiconductor provider’s stock worth $286,000 after purchasing an additional 651 shares in the last quarter. Aperio Group LLC increased its holdings in Cavium by 8.2% during the 3rd quarter. Aperio Group LLC now owns 10,397 shares of the semiconductor provider’s stock worth $686,000 after purchasing an additional 792 shares in the last quarter. TD Asset Management Inc. increased its holdings in Cavium by 4.6% during the 3rd quarter. TD Asset Management Inc. now owns 18,200 shares of the semiconductor provider’s stock worth $1,200,000 after purchasing an additional 800 shares in the last quarter. Amalgamated Bank increased its holdings in Cavium by 7.6% during the 4th quarter. Amalgamated Bank now owns 13,413 shares of the semiconductor provider’s stock worth $1,124,000 after purchasing an additional 945 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Cavium by 1.1% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 98,098 shares of the semiconductor provider’s stock worth $6,469,000 after purchasing an additional 1,030 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.
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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.
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