Cavium (CAVM) Cut to “Sell” at BidaskClub

BidaskClub lowered shares of Cavium (NASDAQ:CAVM) from a hold rating to a sell rating in a report issued on Wednesday morning.

Several other research firms also recently issued reports on CAVM. Zacks Investment Research raised Cavium from a sell rating to a hold rating in a research note on Tuesday, January 23rd. Stifel Nicolaus lifted their price target on Cavium from $68.00 to $81.00 and gave the company a hold rating in a research note on Thursday, February 1st. Finally, Raymond James Financial downgraded Cavium from an outperform rating to a market perform rating and set a $80.00 price target on the stock. in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Cavium currently has a consensus rating of Hold and a consensus target price of $79.33.

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CAVM opened at $77.59 on Wednesday. Cavium has a 1 year low of $56.96 and a 1 year high of $92.66. The stock has a market capitalization of $5,480.35, a price-to-earnings ratio of 54.87, a PEG ratio of 2.11 and a beta of 1.34. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.26 and a current ratio of 2.80.

Cavium (NASDAQ:CAVM) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. Cavium had a positive return on equity of 14.07% and a negative net margin of 7.00%. The firm had revenue of $260.36 million for the quarter, compared to the consensus estimate of $260.05 million. During the same quarter last year, the business posted $0.56 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. analysts expect that Cavium will post 1.98 EPS for the current fiscal year.

In related news, VP Anil Kumar Jain sold 20,924 shares of Cavium stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $92.52, for a total transaction of $1,935,888.48. Following the completion of the transaction, the vice president now owns 105,612 shares in the company, valued at $9,771,222.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sanjay Mehrotra sold 12,500 shares of Cavium stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $91.20, for a total value of $1,140,000.00. Following the transaction, the director now owns 85,511 shares of the company’s stock, valued at approximately $7,798,603.20. The disclosure for this sale can be found here. Insiders have sold 353,962 shares of company stock valued at $31,361,100 in the last quarter. 4.65% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Delpha Capital Management LLC bought a new stake in shares of Cavium during the fourth quarter worth approximately $114,000. SG Americas Securities LLC bought a new stake in shares of Cavium during the fourth quarter worth approximately $115,000. Cerebellum GP LLC bought a new stake in shares of Cavium during the fourth quarter worth approximately $126,000. American International Group Inc. bought a new stake in shares of Cavium during the fourth quarter worth approximately $131,000. Finally, US Bancorp DE boosted its holdings in shares of Cavium by 201.3% during the fourth quarter. US Bancorp DE now owns 1,657 shares of the semiconductor provider’s stock worth $139,000 after acquiring an additional 1,107 shares during the period. Institutional investors own 92.11% of the company’s stock.

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About Cavium

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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