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Cavium (NASDAQ:CAVM) saw a large increase in short interest in May. As of May 30th, there was short interest totalling 3,812,373 shares, an increase of 31.5% from the May 15th total of 2,899,032 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 938,551 shares, the short-interest ratio is presently 4.1 days. Approximately 7.4% of the shares of the stock are short sold.

In other Cavium news, CFO Arthur D. Chadwick unloaded 16,500 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $51.91, for a total transaction of $856,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on CAVM shares. Analysts at Canaccord Genuity initiated coverage on shares of Cavium in a research note on Tuesday, June 10th. They set a “buy” rating and a $62.00 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Cavium from $45.00 to $54.00 in a research note on Thursday, June 5th. They now have a “hold” rating on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Cavium from $48.00 to $56.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $49.91.

Shares of Cavium (NASDAQ:CAVM) opened at 52.47 on Wednesday. Cavium has a 1-year low of $32.35 and a 1-year high of $53.32. The stock has a 50-day moving average of $46.68 and a 200-day moving average of $41.02. The company has a market cap of $2.772 billion and a price-to-earnings ratio of 1289.51.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.02. The company had revenue of $83.20 million for the quarter, compared to the consensus estimate of $81.63 million. Analysts expect that Cavium will post $1.41 EPS 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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