Cavium Inc (CAVM) Given Average Recommendation of “Hold” by Brokerages

Cavium Inc (NASDAQ:CAVM) has earned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $78.17.

A number of equities analysts have recently weighed in on the stock. Jefferies Group reissued a “buy” rating and set a $40.00 price target on shares of Cavium in a research report on Sunday, November 26th. Susquehanna Bancshares reissued a “neutral” rating and set a $83.00 price target (down from $85.00) on shares of Cavium in a research report on Tuesday, November 21st. Canaccord Genuity reissued a “hold” rating and set a $85.00 price target (up from $67.00) on shares of Cavium in a research report on Tuesday, November 21st. Zacks Investment Research cut shares of Cavium from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, BidaskClub cut shares of Cavium from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.

In other Cavium 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 directly owns 60,039 shares in the company, valued at approximately $4,636,211.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 $7,869,814.40. The disclosure for this sale can be found here. Company insiders own 4.65% of the company’s stock.

A number of hedge funds have recently modified their holdings of CAVM. Ameriprise Financial Inc. increased its stake in Cavium by 42.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,425,325 shares of the semiconductor provider’s stock valued at $225,867,000 after buying an additional 1,027,760 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in Cavium by 581.0% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 820,499 shares of the semiconductor provider’s stock valued at $54,104,000 after buying an additional 700,015 shares during the last quarter. Jennison Associates LLC increased its stake in Cavium by 50.6% in the 3rd quarter. Jennison Associates LLC now owns 1,939,958 shares of the semiconductor provider’s stock valued at $127,921,000 after buying an additional 652,177 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Cavium by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,353,670 shares of the semiconductor provider’s stock valued at $217,753,000 after buying an additional 478,019 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Cavium by 164.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 661,218 shares of the semiconductor provider’s stock valued at $43,601,000 after buying an additional 411,033 shares during the last quarter.

Shares of Cavium (CAVM) traded down $0.15 during mid-day trading on Friday, reaching $89.80. 882,915 shares of the company’s stock were exchanged, compared to its average volume of 848,242. Cavium has a 1 year low of $56.96 and a 1 year high of $90.83. The company has a market capitalization of $6,220.56, a PE ratio of -31.84, a PEG ratio of 2.20 and a beta of 1.35. 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 announced 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 for the quarter, compared to analysts’ expectations 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 quarterly 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. analysts forecast that Cavium will post 1.33 EPS for the current year.

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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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