Cavium, Inc. (CAVM) Price Target Raised to $90.00

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.

TRADEMARK VIOLATION NOTICE: “Cavium, Inc. (CAVM) Price Target Raised to $90.00” was published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.truebluetribune.com/2017/11/21/cavium-inc-cavm-price-target-raised-to-90-00.html.

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.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

Receive News & Ratings for Cavium Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavium Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply