Cavium, Inc. (NASDAQ:CAVM) has been given an average rating of “Hold” by the twenty research firms that are presently covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $78.17.

Several research firms recently commented on CAVM. Loop Capital lowered shares of Cavium from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research note on Tuesday, November 21st. MKM Partners reissued a “buy” rating and set a $81.00 target price on shares of Cavium in a research note on Wednesday, August 16th. Jefferies Group reissued a “buy” rating and set a $40.00 target price on shares of Cavium in a research note on Sunday, November 26th. Canaccord Genuity reissued a “hold” rating and set a $66.00 target price on shares of Cavium in a research note on Tuesday, August 15th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Cavium in a research note on Tuesday, November 21st.

In related news, VP Anil Kumar Jain sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total value of $730,150.00. Following the completion of the sale, the vice president now owns 91,616 shares in the company, valued at approximately $7,869,814.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the completion of the sale, the senior vice president now owns 60,039 shares of the company’s stock, valued at approximately $4,636,211.58. The disclosure for this sale can be found here. 4.65% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its stake in Cavium by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,372 shares of the semiconductor provider’s stock valued at $334,000 after buying an additional 68 shares during the period. D.A. Davidson & CO. increased its stake 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 worth $234,000 after purchasing an additional 129 shares during the last quarter. Profund Advisors LLC increased its stake 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 worth $913,000 after purchasing an additional 236 shares during the last quarter. Geneva Advisors LLC increased its stake in shares of Cavium by 3.2% during the 2nd quarter. Geneva Advisors LLC now owns 15,521 shares of the semiconductor provider’s stock worth $964,000 after purchasing an additional 487 shares during the last quarter. Finally, Virtu KCG Holdings LLC increased its stake in shares of Cavium by 4.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 12,397 shares of the semiconductor provider’s stock worth $770,000 after purchasing an additional 533 shares during the last quarter.

Shares of Cavium (NASDAQ CAVM) traded down $0.07 during trading hours on Friday, hitting $85.41. 2,240,634 shares of the stock were exchanged, compared to its average volume of 1,044,128. The firm has a market cap of $5,900.00, a price-to-earnings ratio of 81.07, a P/E/G ratio of 3.16 and a beta of 1.27. Cavium has a 12 month low of $53.90 and a 12 month high of $88.96. The company has a current ratio of 2.87, a quick ratio of 2.27 and a debt-to-equity ratio of 0.81.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $251.99 million during the quarter, compared to analyst estimates of $250.16 million. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The business’s revenue for the quarter was up 49.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. equities analysts forecast that Cavium will post 1.33 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

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