Cavium Inc (NASDAQ:CAVM) has received a consensus recommendation of “Hold” from the twenty analysts that are presently covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $78.17.
Several equities analysts have weighed in on the company. KeyCorp upgraded Cavium from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a report on Monday, October 2nd. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Cavium in a report on Tuesday, November 21st. Loop Capital cut Cavium from a “buy” rating to a “hold” rating and set a $84.00 price target for the company. in a report on Tuesday, November 21st. Susquehanna Bancshares restated a “neutral” rating and set a $83.00 price target (down previously from $85.00) on shares of Cavium in a report on Tuesday, November 21st. Finally, Canaccord Genuity raised their price target on Cavium from $66.00 to $67.00 and gave the company a “hold” rating in a report on Thursday, November 2nd.
Cavium (NASDAQ CAVM) traded down $0.87 during midday trading on Tuesday, reaching $83.83. The company’s stock had a trading volume of 1,080,889 shares, compared to its average volume of 1,055,602. The stock has a market cap of $5,830.00, a PE ratio of -29.83, a PEG ratio of 3.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.87 and a quick ratio of 2.27. Cavium has a fifty-two week low of $56.96 and a fifty-two week high of $88.96.
Cavium (NASDAQ:CAVM) last released its quarterly earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $251.99 million during the quarter, compared to analysts’ expectations of $250.16 million. Cavium had a positive return on equity of 11.16% and a negative net margin of 19.94%. The firm’s revenue for the quarter was up 49.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. equities analysts predict that Cavium will post 1.33 EPS for the current fiscal year.
In related news, VP Anil Kumar Jain sold 8,500 shares of the business’s 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 completion of the transaction, the vice president now owns 91,616 shares in the company, valued at approximately $7,869,814.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $77.22, for a total value of $1,158,300.00. Following the transaction, the senior vice president now owns 60,039 shares of the company’s stock, valued at approximately $4,636,211.58. The disclosure for this sale can be found here. 4.65% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP raised its position in Cavium by 739.2% during the 2nd quarter. First Trust Advisors LP now owns 32,108 shares of the semiconductor provider’s stock valued at $1,995,000 after purchasing an additional 28,282 shares in the last quarter. SG Americas Securities LLC raised its position in Cavium by 146.5% during the 2nd quarter. SG Americas Securities LLC now owns 6,281 shares of the semiconductor provider’s stock valued at $390,000 after purchasing an additional 3,733 shares in the last quarter. Legal & General Group Plc raised its position in Cavium by 11.8% during the 2nd quarter. Legal & General Group Plc now owns 24,972 shares of the semiconductor provider’s stock valued at $1,551,000 after purchasing an additional 2,631 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Cavium by 107.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock valued at $160,000 after purchasing an additional 1,335 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Cavium by 158.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 97,068 shares of the semiconductor provider’s stock valued at $6,031,000 after purchasing an additional 59,530 shares in the last quarter.
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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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