Shares of Cavium Inc (NASDAQ:CAVM) have been assigned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $78.17.

CAVM has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Cavium from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Monday, November 6th. Bank of America restated a “buy” rating on shares of Cavium in a research report on Sunday, October 1st. Needham & Company LLC restated a “buy” rating and issued a $78.00 target price on shares of Cavium in a research report on Thursday, November 2nd. Loop Capital restated a “buy” rating and issued a $81.00 target price on shares of Cavium in a research report on Thursday, November 2nd. Finally, Jefferies Group set a $79.00 target price on shares of Cavium and gave the company a “buy” rating in a research report on Thursday, October 19th.

In other Cavium news, VP Anil Kumar Jain sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total value of $730,150.00. Following the completion of the transaction, the vice president now directly owns 91,616 shares in the company, valued at approximately $7,869,814.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the completion of the transaction, the senior vice president now owns 60,039 shares of the company’s stock, valued at $4,636,211.58. The disclosure for this sale can be found here. 4.65% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its position in Cavium by 42.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,425,325 shares of the semiconductor provider’s stock valued at $225,867,000 after acquiring an additional 1,027,760 shares during the period. JPMorgan Chase & Co. increased its position in Cavium by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,353,670 shares of the semiconductor provider’s stock valued at $217,753,000 after acquiring an additional 478,019 shares during the period. Wasatch Advisors Inc. increased its position in Cavium by 3.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,581,155 shares of the semiconductor provider’s stock valued at $160,367,000 after acquiring an additional 98,066 shares during the period. Jennison Associates LLC increased its position in Cavium by 50.6% in the 3rd quarter. Jennison Associates LLC now owns 1,939,958 shares of the semiconductor provider’s stock valued at $127,921,000 after acquiring an additional 652,177 shares during the period. Finally, Fred Alger Management Inc. increased its position in Cavium by 36.2% in the 2nd quarter. Fred Alger Management Inc. now owns 1,275,464 shares of the semiconductor provider’s stock valued at $79,245,000 after acquiring an additional 339,019 shares during the period.

Cavium (CAVM) traded down $0.15 during midday trading on Friday, reaching $89.80. 882,915 shares of the company’s stock were exchanged, compared to its average volume of 848,242. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81. The company has a market cap of $6,220.56, a P/E ratio of -31.84, a P/E/G ratio of 2.20 and a beta of 1.35. Cavium has a 52-week low of $56.96 and a 52-week high of $90.83.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. The firm had revenue of $251.99 million during the quarter, compared to the consensus estimate of $250.16 million. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The business’s revenue for the quarter was up 49.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. research analysts forecast that Cavium will post 1.33 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Cavium Inc (CAVM) Receives Consensus Rating of “Hold” from Analysts” was reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.watchlistnews.com/cavium-inc-cavm-receives-consensus-rating-of-hold-from-analysts/1815858.html.

About Cavium

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