Macquarie downgraded shares of Cavium, Inc. (NASDAQ:CAVM) from an outperform rating to a neutral rating in a report released on Tuesday morning.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded Cavium from a sell rating to a hold rating in a research note on Wednesday, August 16th. Jefferies Group LLC lowered Cavium from a buy rating to a hold rating in a research report on Tuesday. Loop Capital lowered Cavium from a buy rating to a hold rating and set a $84.00 price target on the stock. in a research report on Tuesday. Morgan Stanley lowered Cavium from an overweight rating to an equal weight rating and set a $77.00 price target on the stock. in a research report on Tuesday. Finally, Canaccord Genuity restated a hold rating and set a $66.00 price target on shares of Cavium in a research report on Tuesday, August 15th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Cavium presently has an average rating of Hold and a consensus target price of $80.71.

Shares of Cavium (NASDAQ CAVM) opened at $87.20 on Tuesday. Cavium has a 12 month low of $53.73 and a 12 month high of $87.57. The firm has a market capitalization of $6,030.00, a P/E ratio of 77.80, a PEG ratio of 3.03 and a beta of 1.27. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81.

Cavium (NASDAQ:CAVM) last released its quarterly earnings data on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, beating 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 company had revenue of $251.99 million for the quarter, compared to analyst estimates of $250.16 million. During the same period in the prior year, the company posted $0.43 EPS. The company’s revenue was up 49.9% compared to the same quarter last year. sell-side analysts predict that Cavium will post 1.33 earnings per share for the current year.

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In other news, SVP Vincent P. Pangrazio sold 15,000 shares of the stock in a transaction on Friday, November 10th. The stock was 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 of the company’s stock, valued at approximately $4,636,211.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.65% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Frontier Capital Management Co. LLC raised its stake in Cavium by 581.0% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 820,499 shares of the semiconductor provider’s stock worth $54,104,000 after buying an additional 700,015 shares during the period. Wesbanco Bank Inc. acquired a new stake in Cavium during the 2nd quarter worth $3,171,000. Fisher Asset Management LLC raised its stake in Cavium by 23.5% during the 3rd quarter. Fisher Asset Management LLC now owns 916,197 shares of the semiconductor provider’s stock worth $60,414,000 after buying an additional 174,209 shares during the period. Verition Fund Management LLC acquired a new stake in Cavium during the 2nd quarter worth $320,000. Finally, Comgest Global Investors S.A.S. raised its stake in Cavium by 24.6% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 30,400 shares of the semiconductor provider’s stock worth $1,889,000 after buying an additional 6,000 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)

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