Cavium Inc (NASDAQ:CAVM) was the recipient of a large decline in short interest in December. As of December 29th, there was short interest totalling 1,299,325 shares, a decline of 57.5% from the December 15th total of 3,054,395 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 994,446 shares, the short-interest ratio is presently 1.3 days.

Shares of Cavium (NASDAQ:CAVM) opened at $89.99 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.27 and a current ratio of 2.87. The firm has a market capitalization 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 has a one year low of $56.96 and a one year high of $90.83.

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

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

A number of institutional investors have recently bought and sold shares of CAVM. Legal & General Group Plc grew its stake in Cavium by 11.8% during the 2nd quarter. Legal & General Group Plc now owns 24,972 shares of the semiconductor provider’s stock valued at $1,551,000 after purchasing an additional 2,631 shares during the last quarter. BNP Paribas Arbitrage SA grew 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 valued at $160,000 after purchasing an additional 1,335 shares during the last quarter. Swiss National Bank grew its stake in Cavium by 1.1% during the 2nd quarter. Swiss National Bank now owns 111,602 shares of the semiconductor provider’s stock valued at $6,934,000 after purchasing an additional 1,200 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Cavium during the 2nd quarter valued at about $365,000. Finally, AXA grew its stake in Cavium by 17.5% during the 2nd quarter. AXA now owns 47,000 shares of the semiconductor provider’s stock valued at $2,920,000 after purchasing an additional 7,000 shares during the last quarter.

Several research analysts recently weighed in on the company. Zacks Investment Research downgraded Cavium from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub downgraded Cavium from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Jefferies Group restated a “buy” rating and set a $40.00 target price on shares of Cavium in a research note on Sunday, November 26th. Susquehanna Bancshares restated a “neutral” rating and set a $83.00 target price (down from $85.00) on shares of Cavium in a research note on Tuesday, November 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Cavium in a research note on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.41.

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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.

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