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.
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