BidaskClub upgraded shares of Cavium, Inc. (NASDAQ:CAVM) from a sell rating to a hold rating in a research report released on Wednesday.

Other analysts have also issued research reports about the company. Stifel Nicolaus upped their target price on Cavium from $55.00 to $66.00 and gave the stock a hold rating in a report on Thursday, April 27th. Needham & Company LLC reiterated a buy rating and set a $78.00 target price (up previously from $77.00) on shares of Cavium in a report on Thursday, April 27th. Longbow Research began coverage on Cavium in a report on Friday, June 9th. They set a buy rating and a $85.00 target price on the stock. Canaccord Genuity reiterated a hold rating and set a $66.00 target price on shares of Cavium in a report on Tuesday, July 11th. Finally, Jefferies Group LLC upgraded Cavium from a hold rating to a buy rating and upped their target price for the stock from $73.00 to $79.00 in a report on Monday, July 10th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Cavium currently has a consensus rating of Buy and an average price target of $73.50.

Shares of Cavium (NASDAQ CAVM) traded down 1.06% on Wednesday, hitting $65.29. The stock had a trading volume of 214,036 shares. The firm’s 50 day moving average is $70.04 and its 200-day moving average is $67.94. The stock’s market capitalization is $4.43 billion. Cavium has a one year low of $40.01 and a one year high of $76.26.

Cavium (NASDAQ:CAVM) last released its earnings results on Wednesday, April 26th. The semiconductor provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.09. Cavium had a positive return on equity of 4.05% and a negative net margin of 26.52%. The company had revenue of $229.58 million for the quarter, compared to the consensus estimate of $227.22 million. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue was up 125.3% on a year-over-year basis. Equities research analysts expect that Cavium will post $2.78 earnings per share for the current fiscal year.

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In other news, VP Arthur D. Chadwick sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $75.14, for a total value of $3,005,600.00. Following the transaction, the vice president now owns 75,383 shares of the company’s stock, valued at $5,664,278.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $75.73, for a total value of $1,135,950.00. Following the completion of the transaction, the senior vice president now directly owns 60,039 shares in the company, valued at approximately $4,546,753.47. The disclosure for this sale can be found here. 4.65% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. FNY Partners Fund LP increased its position in Cavium by 1.2% in the first quarter. FNY Partners Fund LP now owns 3,400 shares of the semiconductor provider’s stock valued at $243,000 after buying an additional 40 shares during the last quarter. IFP Advisors Inc increased its position in Cavium by 6.9% in the first quarter. IFP Advisors Inc now owns 1,559 shares of the semiconductor provider’s stock valued at $112,000 after buying an additional 101 shares during the last quarter. Prudential Financial Inc. increased its position in Cavium by 3.0% in the first quarter. Prudential Financial Inc. now owns 6,917 shares of the semiconductor provider’s stock valued at $496,000 after buying an additional 200 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Cavium by 4.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 6,297 shares of the semiconductor provider’s stock valued at $451,000 after buying an additional 292 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Cavium by 1.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,538 shares of the semiconductor provider’s stock valued at $2,690,000 after buying an additional 410 shares during the last quarter.

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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