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.
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.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/07/cavium-cavm-cut-to-sell-at-bidaskclub.html.
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.
Receive News & Ratings for Cavium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavium and related companies with MarketBeat.com's FREE daily email newsletter.