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Research analysts at Jefferies Group reduced their target price on shares of Cavium (NASDAQ:CAVM) from $47.00 to $45.00 in a report released on Thursday, Analyst Ratings Net reports. Jefferies Group’s price objective points to a potential upside of 18.48% from the stock’s previous close.

CAVM has been the subject of a number of other recent research reports. Analysts at Wedbush upgraded shares of Cavium from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $42.00 price target on the stock, up previously from $40.00. Separately, analysts at Zacks downgraded shares of Cavium from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 21st. They now have a $33.90 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Cavium from $44.00 to $41.00 in a research note to investors on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.24.

Cavium (NASDAQ:CAVM) traded up 8.95% on Thursday, hitting $37.98. 2,382,459 shares of the company’s stock traded hands. Cavium has a 52 week low of $28.65 and a 52 week high of $42.41. The stock has a 50-day moving average of $34.50 and a 200-day moving average of $37.19. The company’s market cap is $1.974 billion.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.01. The company had revenue of $81.10 million for the quarter, compared to the consensus estimate of $81.12 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, analysts predict that Cavium will post $1.36 earnings per share for the current fiscal year.

Cavium, Inc, formerly Cavium Networks, Inc, designs, develops and markets semiconductor processors for intelligent and secure networks.

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