Cavium, Inc. (NASDAQ:CAVM) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.

CAVM has been the topic of several other research reports. Canaccord Genuity restated a “hold” rating on shares of Cavium in a research note on Friday, August 4th. Morgan Stanley raised their price target on shares of Cavium from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 28th. MKM Partners restated a “buy” rating and issued a $81.00 price target (up previously from $77.00) on shares of Cavium in a research note on Monday, May 1st. Jefferies Group LLC restated a “hold” rating and issued a $73.00 price target (up previously from $69.00) on shares of Cavium in a research note on Thursday, April 27th. Finally, Barclays PLC upgraded shares of Cavium from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $74.53.

Cavium (NASDAQ:CAVM) traded up 1.06% during mid-day trading on Wednesday, hitting $62.07. The stock had a trading volume of 1,203,097 shares. The company has a 50 day moving average price of $62.98 and a 200 day moving average price of $67.81. Cavium has a one year low of $50.01 and a one year high of $76.26. The stock’s market cap is $4.27 billion.

Cavium (NASDAQ:CAVM) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Cavium had a negative net margin of 22.82% and a positive return on equity of 5.94%. The company had revenue of $242.09 million for the quarter, compared to analyst estimates of $238.93 million. During the same quarter last year, the business earned $0.29 earnings per share. Cavium’s revenue was up 125.8% compared to the same quarter last year. On average, equities analysts anticipate that Cavium will post $2.79 EPS for the current year.

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Several large investors have recently modified their holdings of CAVM. IFP Advisors Inc raised its stake in shares of Cavium by 6.9% in the first quarter. IFP Advisors Inc now owns 1,559 shares of the semiconductor provider’s stock worth $112,000 after buying an additional 101 shares during the period. Solaris Asset Management LLC raised its stake in shares of Cavium by 52.4% in the first quarter. Solaris Asset Management LLC now owns 1,600 shares of the semiconductor provider’s stock worth $115,000 after buying an additional 550 shares during the period. US Bancorp DE raised its stake in shares of Cavium by 85.1% in the first quarter. US Bancorp DE now owns 1,888 shares of the semiconductor provider’s stock worth $135,000 after buying an additional 868 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Cavium by 107.3% in the second quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock worth $160,000 after buying an additional 1,335 shares during the period. Finally, Bluestein R H & Co. bought a new stake in shares of Cavium during the first quarter worth about $215,000.

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.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

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