Cavium, Inc. (NASDAQ:CAVM) has been assigned a $79.00 target price by investment analysts at Jefferies Group LLC in a note issued to investors on Thursday. The firm currently has a “buy” rating on the semiconductor provider’s stock. Jefferies Group LLC’s target price indicates a potential upside of 14.64% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. KeyCorp reissued a “buy” rating and set a $80.00 target price on shares of Cavium in a report on Tuesday, October 17th. Stifel Nicolaus reissued a “hold” rating and set a $66.00 target price on shares of Cavium in a report on Thursday, October 12th. Bank of America Corporation reissued a “buy” rating on shares of Cavium in a report on Sunday, October 1st. Raymond James Financial, Inc. reissued an “outperform” rating and set a $75.00 target price on shares of Cavium in a report on Thursday, September 14th. Finally, Loop Capital reissued a “buy” rating and set a $81.00 target price on shares of Cavium in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.13.

Cavium (CAVM) traded down 0.14% during midday trading on Thursday, hitting $68.91. The company had a trading volume of 713,511 shares. Cavium has a 12-month low of $50.81 and a 12-month high of $76.26. The stock’s market cap is $4.74 billion. The company’s 50 day moving average is $66.55 and its 200 day moving average is $66.77.

Cavium (NASDAQ:CAVM) last announced its earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ 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 quarter in the previous year, the company earned $0.29 earnings per share. The firm’s quarterly 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 fiscal year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Partners Fund LP grew its position in 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 purchasing an additional 40 shares in the last quarter. Teacher Retirement System of Texas grew its position in Cavium by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,372 shares of the semiconductor provider’s stock worth $334,000 after purchasing an additional 68 shares in the last quarter. D.A. Davidson & CO. grew its position in Cavium by 3.5% during the 2nd quarter. D.A. Davidson & CO. now owns 3,768 shares of the semiconductor provider’s stock worth $234,000 after purchasing an additional 129 shares in the last quarter. Prudential Financial Inc. grew its position in Cavium by 3.0% during the 1st quarter. Prudential Financial Inc. now owns 6,917 shares of the semiconductor provider’s stock worth $496,000 after purchasing an additional 200 shares in the last quarter. Finally, Profund Advisors LLC grew its position in Cavium by 1.6% during the 2nd quarter. Profund Advisors LLC now owns 14,693 shares of the semiconductor provider’s stock worth $913,000 after purchasing an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 98.19% of the company’s stock.

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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