Cavium, Inc. (NASDAQ:CAVM) had its price target upped by investment analysts at Needham & Company LLC to $90.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the semiconductor provider’s stock. Needham & Company LLC’s price objective indicates a potential upside of 7.12% from the stock’s previous close.
Several other research analysts have also recently weighed in on CAVM. BidaskClub raised Cavium from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC cut Cavium from a “buy” rating to a “hold” rating in a research report on Tuesday. Loop Capital cut Cavium from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley cut Cavium from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Finally, Macquarie cut Cavium from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Cavium currently has an average rating of “Hold” and a consensus target price of $80.38.
Cavium (CAVM) traded up $8.19 during trading on Tuesday, reaching $84.02. The company’s stock had a trading volume of 18,166,900 shares, compared to its average volume of 962,642. The company has a current ratio of 2.87, a quick ratio of 2.27 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5,240.00, a price-to-earnings ratio of 70.21, a P/E/G ratio of 2.74 and a beta of 1.27. Cavium has a one year low of $53.73 and a one year high of $84.41.
Cavium (NASDAQ:CAVM) last released its quarterly earnings data on Wednesday, November 1st. The semiconductor provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Cavium had a positive return on equity of 11.16% and a negative net margin of 19.94%. The business had revenue of $251.99 million during the quarter, compared to the consensus estimate of $250.16 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue was up 49.9% on a year-over-year basis. equities analysts forecast that Cavium will post 1.33 EPS for the current year.
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In other Cavium news, SVP Vincent P. Pangrazio sold 15,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the transaction, the senior vice president now owns 60,039 shares in the company, valued at approximately $4,636,211.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.65% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Solaris Asset Management LLC increased its stake in Cavium by 43.4% during the 2nd quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock worth $143,000 after acquiring an additional 695 shares during the period. BNP Paribas Arbitrage SA increased its stake in Cavium by 107.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock worth $160,000 after acquiring an additional 1,335 shares during the period. World Asset Management Inc bought a new position in Cavium during the 3rd quarter worth $203,000. Tudor Investment Corp ET AL bought a new position in Cavium during the 2nd quarter worth $228,000. Finally, Pacad Investment Ltd. increased its stake in Cavium by 42.3% during the 2nd quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock worth $230,000 after acquiring an additional 1,100 shares during the period.
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.
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