Susquehanna Bancshares Inc reaffirmed their neutral rating on shares of Cavium, Inc. (NASDAQ:CAVM) in a research note released on Tuesday. Susquehanna Bancshares Inc currently has a $83.00 price target on the semiconductor provider’s stock, down from their previous price target of $85.00.

A number of other equities analysts also recently weighed in on the stock. Needham & Company LLC reaffirmed a buy rating and set a $90.00 price target on shares of Cavium in a research note on Tuesday. Canaccord Genuity reaffirmed a hold rating and set a $85.00 price target (up previously from $67.00) on shares of Cavium in a research note on Tuesday. Macquarie downgraded shares of Cavium from an outperform rating to a neutral rating in a research note on Tuesday. Morgan Stanley downgraded shares of Cavium from an overweight rating to an equal weight rating and set a $77.00 price target on the stock. in a research note on Tuesday. Finally, Loop Capital lowered shares of Cavium from a buy rating to a hold rating and set a $84.00 price objective for the company. in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $80.71.

Cavium (NASDAQ CAVM) opened at $88.80 on Tuesday. 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 cap of $6,140.00, a P/E ratio of 82.04, a price-to-earnings-growth ratio of 3.20 and a beta of 1.27. Cavium has a one year low of $53.76 and a one year high of $88.96.

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, topping the Zacks’ consensus estimate of $0.74 by $0.02. The company had revenue of $251.99 million for 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%. Cavium’s revenue was up 49.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. equities analysts expect that Cavium will post 1.33 EPS for the current year.

In related news, VP Anil Kumar Jain sold 8,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total transaction of $730,150.00. Following the completion of the sale, the vice president now directly owns 91,616 shares of the company’s stock, valued at approximately $7,869,814.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly 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 currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Solaris Asset Management LLC grew its holdings in Cavium by 43.4% during the 2nd quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock valued at $143,000 after purchasing an additional 695 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings 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 in the last quarter. World Asset Management Inc acquired a new stake in Cavium during the 3rd quarter valued at $203,000. Tudor Investment Corp ET AL acquired a new stake in Cavium during the 2nd quarter valued at $228,000. Finally, Pacad Investment Ltd. grew its holdings in Cavium by 42.3% during the 2nd quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock valued at $230,000 after purchasing an additional 1,100 shares in the last quarter.

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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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