Cavium, Inc. (NASDAQ:CAVM) has been given an average recommendation of “Buy” by the nineteen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $77.46.

A number of research firms have recently weighed in on CAVM. Stifel Nicolaus reaffirmed a “hold” rating and set a $66.00 price objective on shares of Cavium in a research report on Thursday. BidaskClub cut Cavium from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Barclays PLC raised Cavium from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 21st. Pacific Crest reaffirmed an “equal weight” rating on shares of Cavium in a research report on Thursday, June 22nd. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of Cavium in a research report on Sunday, October 1st.

COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/12/cavium-inc-cavm-receives-consensus-rating-of-buy-from-analysts.html.

In other news, COO Muhammad Raghib Hussain sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.65% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. FNY Partners Fund LP raised its holdings in shares of Cavium by 1.2% during the 1st quarter. FNY Partners Fund LP now owns 3,400 shares of the semiconductor provider’s stock worth $243,000 after acquiring an additional 40 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Cavium by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,372 shares of the semiconductor provider’s stock valued at $334,000 after purchasing an additional 68 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Cavium by 3.5% during the 2nd quarter. D.A. Davidson & CO. now owns 3,768 shares of the semiconductor provider’s stock valued at $234,000 after purchasing an additional 129 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Cavium by 3.0% during the 1st quarter. Prudential Financial Inc. now owns 6,917 shares of the semiconductor provider’s stock valued at $496,000 after purchasing an additional 200 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of Cavium by 1.6% during the 2nd quarter. Profund Advisors LLC now owns 14,693 shares of the semiconductor provider’s stock valued at $913,000 after purchasing an additional 236 shares during the last quarter. 98.38% of the stock is currently owned by institutional investors and hedge funds.

Cavium (CAVM) traded down 1.78% during midday trading on Thursday, reaching $67.71. 573,265 shares of the company’s stock traded hands. Cavium has a one year low of $50.81 and a one year high of $76.26. The stock’s market cap is $4.66 billion. The stock’s 50 day moving average price is $65.08 and its 200-day moving average price is $66.88.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. Cavium had a positive return on equity of 5.94% and a negative net margin of 22.82%. The firm had revenue of $242.09 million for the quarter, compared to analysts’ expectations of $238.93 million. During the same period in the previous year, the firm earned $0.29 EPS. The business’s quarterly revenue was up 125.8% on a year-over-year basis. Equities analysts predict that Cavium will post $2.79 earnings per share for the current year.

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)

Receive News & Ratings for Cavium Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavium Inc. and related companies with MarketBeat.com's FREE daily email newsletter.