Cavium, Inc. (CAVM) Given Average Rating of “Hold” by Brokerages
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.
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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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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