Wall Street brokerages expect Cavium, Inc. (NASDAQ:CAVM) to announce earnings of $0.74 per share for the current quarter, according to Zacks. Eight analysts have made estimates for Cavium’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.75. Cavium posted earnings of $0.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 72.1%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, November 1st.

According to Zacks, analysts expect that Cavium will report full-year earnings of $2.78 per share for the current financial year, with EPS estimates ranging from $2.73 to $2.82. For the next year, analysts expect that the business will post earnings of $3.57 per share, with EPS estimates ranging from $3.30 to $3.84. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Cavium.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $242.09 million for the quarter, compared to analyst estimates of $238.93 million. During the same quarter last year, the firm posted $0.29 earnings per share. Cavium’s revenue for the quarter was up 125.8% compared to the same quarter last year.

Several equities research analysts recently commented on CAVM shares. BidaskClub cut Cavium from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Barclays PLC raised Cavium from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. Pacific Crest reissued an “equal weight” rating on shares of Cavium in a research note on Thursday, June 22nd. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $75.00 price target on shares of Cavium in a research note on Thursday, September 14th. Finally, Jefferies Group LLC raised Cavium from a “hold” rating to a “buy” rating and boosted their price target for the company from $73.00 to $79.00 in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.13.

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Cavium (CAVM) traded down 1.29% on Thursday, reaching $69.01. 535,518 shares of the company traded hands. The stock’s market capitalization is $4.75 billion. Cavium has a 52-week low of $50.81 and a 52-week high of $76.26. The firm has a 50 day moving average price of $66.20 and a 200 day moving average price of $66.77.

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

Several hedge funds have recently made changes to their positions in CAVM. First Trust Advisors LP bought a new stake in shares of Cavium during the first quarter worth $274,000. US Bancorp DE grew its holdings in shares of Cavium by 85.1% during the first quarter. US Bancorp DE now owns 1,888 shares of the semiconductor provider’s stock worth $135,000 after purchasing an additional 868 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Cavium during the first quarter worth $594,000. Prudential Financial Inc. boosted its holdings in Cavium by 3.0% in the first quarter. Prudential Financial Inc. now owns 6,917 shares of the semiconductor provider’s stock valued at $496,000 after acquiring an additional 200 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Cavium by 9.1% in the first quarter. PNC Financial Services Group Inc. now owns 10,912 shares of the semiconductor provider’s stock valued at $783,000 after acquiring an additional 912 shares during the last quarter. Institutional investors own 98.19% of the company’s stock.

About Cavium

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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