Cavium Inc (CAVM) Short Interest Down 57.5% in December
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.
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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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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