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Shares of Cavium (NASDAQ:CAVM) have received an average rating of “Buy” from the twenty ratings firms that are covering the company, Analyst Ratings News reports. Six analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $53.61.

In other Cavium news, SVP Vincent P. Pangrazio sold 3,325 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $47.08, for a total transaction of $156,541.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cavium (NASDAQ:CAVM) traded up 1.63% during mid-day trading on Friday, hitting $51.66. The stock had a trading volume of 62,380 shares. Cavium has a 52 week low of $32.35 and a 52 week high of $53.32. The stock has a 50-day moving average of $48.11 and a 200-day moving average of $44.88. The company’s market cap is $2.769 billion.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.02. The company had revenue of $90.70 million for the quarter, compared to the consensus estimate of $90.04 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Analysts expect that Cavium will post $1.45 EPS for the current fiscal year.

A number of research firms have recently commented on CAVM. Analysts at Raymond James reiterated an “outperform” rating on shares of Cavium in a research note on Thursday, July 31st. They now have a $60.00 price target on the stock, up previously from $49.00. Separately, analysts at Wedbush raised their price target on shares of Cavium from $51.00 to $55.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Cavium from $42.00 to $48.00 in a research note on Thursday, July 31st. They now have a “hold” rating on the stock.

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

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