Cavium Inc (CAVM) Given Average Rating of “Hold” by Analysts

Cavium Inc (NASDAQ:CAVM) has been assigned an average rating of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $79.83.

CAVM has been the subject of several recent analyst reports. Jefferies Group set a $79.00 price target on Cavium and gave the stock a “buy” rating in a research note on Thursday, October 19th. Morgan Stanley decreased their price target on Cavium from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. KeyCorp reissued a “positive” rating and issued a $90.00 price target (up previously from $80.00) on shares of Cavium in a research note on Thursday, November 16th. They noted that the move was a valuation call. Zacks Investment Research cut Cavium from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Loop Capital reissued a “buy” rating and issued a $81.00 price target on shares of Cavium in a research note on Thursday, November 2nd.

In related news, VP Anil Kumar Jain sold 8,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $7,869,814.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.65% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Delpha Capital Management LLC purchased a new stake in shares of Cavium during the fourth quarter valued at $114,000. SG Americas Securities LLC purchased a new stake in shares of Cavium during the fourth quarter valued at $115,000. Cerebellum GP LLC purchased a new stake in shares of Cavium during the fourth quarter valued at $126,000. American International Group Inc. purchased a new stake in shares of Cavium during the fourth quarter valued at $131,000. Finally, US Bancorp DE lifted 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 valued at $139,000 after purchasing an additional 1,107 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Cavium (NASDAQ CAVM) traded up $0.97 during trading hours on Wednesday, hitting $86.17. The stock had a trading volume of 752,400 shares, compared to its average volume of 1,179,996. Cavium has a 12 month low of $56.96 and a 12 month high of $90.83. The company has a market capitalization of $5,941.16, a PE ratio of -84.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.27 and a current ratio of 2.87.

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, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.02. Cavium had a positive return on equity of 14.28% and a negative net margin of 7.00%. The company had revenue of $260.36 million during the quarter, compared to analysts’ expectations of $260.05 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities analysts expect that Cavium will post 2.14 EPS for the current fiscal year.

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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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