Cavium Inc (CAVM) CFO Sells $4,491,051.18 in Stock

Cavium Inc (NASDAQ:CAVM) CFO Arthur D. Chadwick sold 50,798 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $88.41, for a total transaction of $4,491,051.18. Following the completion of the sale, the chief financial officer now owns 116,811 shares in the company, valued at $10,327,260.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Cavium Inc (NASDAQ:CAVM) traded up $0.14 on Thursday, reaching $88.60. 471,500 shares of the company’s stock were exchanged, compared to its average volume of 1,104,808. Cavium Inc has a 12 month low of $56.96 and a 12 month high of $90.83. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81. The stock has a market cap of $6,168.48, a price-to-earnings ratio of -86.86, a PEG ratio of 2.20 and a beta of 1.33.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. Cavium had a negative net margin of 7.00% and a positive return on equity of 14.28%. The company had revenue of $260.36 million during the quarter, compared to analyst estimates of $260.05 million. During the same period last year, the firm posted $0.56 EPS. Cavium’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities research analysts anticipate that Cavium Inc will post 2.14 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CAVM. Delpha Capital Management LLC purchased a new position in Cavium during the 4th quarter worth approximately $114,000. SG Americas Securities LLC purchased a new position in Cavium during the 4th quarter worth approximately $115,000. Cerebellum GP LLC purchased a new position in Cavium during the 4th quarter worth approximately $126,000. American International Group Inc. purchased a new position in Cavium during the 4th quarter worth approximately $131,000. Finally, US Bancorp DE raised its position in Cavium by 201.3% during the 4th quarter. US Bancorp DE now owns 1,657 shares of the semiconductor provider’s stock worth $139,000 after buying an additional 1,107 shares during the last quarter. 86.39% of the stock is owned by institutional investors.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Cavium from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Cavium in a research report on Sunday, November 26th. Stifel Nicolaus increased their price objective on shares of Cavium from $68.00 to $81.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $83.00 price objective (down from $85.00) on shares of Cavium in a research report on Tuesday, November 21st. Finally, Raymond James Financial lowered shares of Cavium from an “outperform” rating to a “market perform” rating and set a $80.00 price objective for the company. in a research report on Friday, February 2nd. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Cavium presently has a consensus rating of “Hold” and an average target price of $79.93.

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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.

Insider Buying and Selling by Quarter for Cavium (NASDAQ:CAVM)

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