Cavium, Inc. (NASDAQ:CAVM) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other analysts also recently issued reports on CAVM. Bank of America Corp upgraded Cavium from a “neutral” rating to a “buy” rating and raised their price target for the stock from $72.00 to $85.00 in a research report on Thursday, February 16th. Zacks Investment Research downgraded Cavium from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. MKM Partners started coverage on Cavium in a research report on Wednesday, February 22nd. They issued a “buy” rating and a $77.00 price target for the company. Rosenblatt Securities started coverage on Cavium in a research report on Wednesday, February 22nd. They issued a “neutral” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $77.00 price target on shares of Cavium in a research report on Monday, February 27th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Cavium currently has a consensus rating of “Buy” and an average price target of $72.53.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

Shares of Cavium (NASDAQ CAVM) traded down 0.93% during midday trading on Wednesday, hitting $67.36. 760,842 shares of the stock were exchanged. The firm’s market cap is $4.57 billion. Cavium has a 52-week low of $35.90 and a 52-week high of $76.26. The firm’s 50-day moving average is $71.52 and its 200 day moving average is $67.48.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings results on Wednesday, April 26th. The semiconductor provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.09. The company had revenue of $229.58 million during the quarter, compared to the consensus estimate of $227.22 million. Cavium had a positive return on equity of 4.05% and a negative net margin of 26.52%. The firm’s quarterly revenue was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, analysts forecast that Cavium will post $2.78 earnings per share for the current year.

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In other news, VP Arthur D. Chadwick sold 40,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $75.14, for a total transaction of $3,005,600.00. Following the transaction, the vice president now owns 75,383 shares in the company, valued at $5,664,278.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $75.73, for a total value of $1,135,950.00. Following the transaction, the senior vice president now owns 60,039 shares in the company, valued at approximately $4,546,753.47. The disclosure for this sale can be found here. Company insiders own 4.65% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CAVM. Gilder Gagnon Howe & Co. LLC raised its position in Cavium by 73.6% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 628,020 shares of the semiconductor provider’s stock valued at $45,004,000 after buying an additional 266,300 shares during the period. Advisory Research Inc. bought a new position in Cavium during the fourth quarter valued at about $7,406,000. Nicholas Co. Inc. WI raised its position in Cavium by 0.9% in the fourth quarter. Nicholas Co. Inc. WI now owns 76,970 shares of the semiconductor provider’s stock valued at $4,806,000 after buying an additional 710 shares during the period. Regent Investment Management LLC raised its position in Cavium by 261.4% in the first quarter. Regent Investment Management LLC now owns 19,875 shares of the semiconductor provider’s stock valued at $1,424,000 after buying an additional 14,375 shares during the period. Finally, Keybank National Association OH raised its position in Cavium by 31.2% in the first quarter. Keybank National Association OH now owns 9,338 shares of the semiconductor provider’s stock valued at $669,000 after buying an additional 2,220 shares during the period.

Cavium Company Profile

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.

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