Cavium (NASDAQ:CAVM) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

CAVM has been the topic of several other reports. Jefferies Group set a $79.00 price target on shares of Cavium and gave the stock a “buy” rating in a research note on Thursday, October 19th. Benchmark downgraded shares of Cavium from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. MKM Partners reissued a “buy” rating and set a $81.00 price target on shares of Cavium in a research note on Wednesday, August 16th. Loop Capital restated a “buy” rating and issued a $81.00 target price on shares of Cavium in a report on Tuesday, August 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $78.00 target price on shares of Cavium in a report on Thursday, November 2nd. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $78.41.

Cavium (CAVM) traded up $0.58 during mid-day trading on Thursday, hitting $85.57. 1,294,280 shares of the company’s stock traded hands, compared to its average volume of 2,761,186. The stock has a market capitalization of $5,877.54, a P/E ratio of 78.69, a PEG ratio of 3.42 and a beta of 1.36. Cavium has a 52-week low of $56.96 and a 52-week high of $88.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.87 and a quick ratio of 2.27.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $251.99 million for the quarter, compared to the consensus estimate 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 was up 49.9% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. equities analysts forecast that Cavium will post 1.33 EPS for the current fiscal year.

In related news, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction on Friday, November 10th. The shares were sold at an average price of $77.22, for a total value of $1,158,300.00. Following the sale, the senior vice president now owns 60,039 shares in the company, valued at $4,636,211.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Anil Kumar Jain sold 8,500 shares of Cavium stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total transaction 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 disclosure for this sale can be found here. 4.65% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Solaris Asset Management LLC boosted its holdings in Cavium by 43.4% in the second quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock valued at $143,000 after acquiring an additional 695 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Cavium by 107.3% in the second quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock valued at $160,000 after acquiring an additional 1,335 shares in the last quarter. World Asset Management Inc bought a new stake in Cavium in the third quarter valued at $203,000. Tudor Investment Corp ET AL bought a new stake in Cavium in the second quarter valued at $228,000. Finally, Pacad Investment Ltd. boosted its holdings in Cavium by 42.3% in the second quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock valued at $230,000 after acquiring an additional 1,100 shares in the last quarter.

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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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