Shares of Cavium Inc (NASDAQ:CAVM) hit a new 52-week high on Friday . The company traded as high as $90.20 and last traded at $88.49, with a volume of 559800 shares. The stock had previously closed at $88.03.

CAVM has been the subject of a number of analyst reports. Jefferies Group set a $79.00 price target on Cavium and gave the stock a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley reduced their price target on Cavium from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. KeyCorp reaffirmed a “positive” rating and issued a $90.00 price target (up previously from $80.00) on shares of Cavium in a research report on Thursday, November 16th. They noted that the move was a valuation call. Zacks Investment Research cut Cavium from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Loop Capital reissued a “buy” rating and set a $81.00 price objective on shares of Cavium in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $78.41.

The company has a debt-to-equity ratio of 0.81, a current ratio of 2.87 and a quick ratio of 2.27. The firm has a market cap of $6,119.59, a PE ratio of -31.91, a price-to-earnings-growth ratio of 2.17 and a beta of 1.35.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $250.16 million. During the same quarter in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 49.9% compared to the same quarter last year. research analysts predict that Cavium Inc will post 1.33 EPS for the current year.

In related news, VP Anil Kumar Jain sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $85.90, for a total transaction of $730,150.00. Following the transaction, the vice president now directly owns 91,616 shares in the company, valued at $7,869,814.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 60,039 shares in the company, valued at $4,636,211.58. The disclosure for this sale can be found here. Insiders own 4.65% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. increased its stake in Cavium by 3.5% during the second quarter. D.A. Davidson & CO. now owns 3,768 shares of the semiconductor provider’s stock valued at $234,000 after acquiring an additional 129 shares during the period. Profund Advisors LLC increased its stake in Cavium by 1.6% during the second quarter. Profund Advisors LLC now owns 14,693 shares of the semiconductor provider’s stock valued at $913,000 after acquiring an additional 236 shares during the period. Virtu KCG Holdings LLC increased its stake in Cavium by 4.5% during the second quarter. Virtu KCG Holdings LLC now owns 12,397 shares of the semiconductor provider’s stock valued at $770,000 after acquiring an additional 533 shares during the period. HighTower Advisors LLC increased its stake in Cavium by 16.5% during the second quarter. HighTower Advisors LLC now owns 4,603 shares of the semiconductor provider’s stock valued at $286,000 after acquiring an additional 651 shares during the period. Finally, Aperio Group LLC increased its stake in Cavium by 8.2% during the third quarter. Aperio Group LLC now owns 10,397 shares of the semiconductor provider’s stock valued at $686,000 after acquiring an additional 792 shares during the period.

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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.

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