Needham & Company LLC reissued their buy rating on shares of Cavium, Inc. (NASDAQ:CAVM) in a research note issued to investors on Tuesday morning. Needham & Company LLC currently has a $90.00 target price on the semiconductor provider’s stock.

A number of other analysts have also issued reports on the company. Canaccord Genuity reaffirmed a hold rating and issued a $85.00 target price (up previously from $67.00) on shares of Cavium in a report on Tuesday. Macquarie lowered Cavium from an outperform rating to a neutral rating in a report on Tuesday. Morgan Stanley lowered Cavium from an overweight rating to an equal weight rating and set a $77.00 target price on the stock. in a report on Tuesday. Loop Capital lowered Cavium from a buy rating to a hold rating and set a $84.00 target price on the stock. in a report on Tuesday. Finally, Jefferies Group LLC lowered Cavium from a buy rating to a hold rating in a report on Tuesday. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $80.71.

Cavium (CAVM) traded down $0.08 on Tuesday, reaching $88.52. The company’s stock had a trading volume of 134,714 shares, compared to its average volume of 1,008,431. The firm has a market cap of $6,127.20, a price-to-earnings ratio of 82.04, a P/E/G ratio of 3.20 and a beta of 1.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.87 and a quick ratio of 2.27. Cavium has a 12-month low of $53.76 and a 12-month high of $88.84.

Cavium (NASDAQ:CAVM) last released its earnings results 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 for the quarter, compared to analyst estimates 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 revenue was up 49.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. equities research analysts expect that Cavium will post 1.33 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.watchlistnews.com/needham-company-llc-reaffirms-buy-rating-for-cavium-inc-cavm/1723848.html.

In other news, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction that occurred 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 sale, the senior vice president now owns 60,039 shares of the company’s stock, valued at approximately $4,636,211.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anil Kumar Jain sold 8,500 shares of Cavium stock in a transaction that occurred 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 sale, the vice president now directly owns 91,616 shares in the company, valued at approximately $7,869,814.40. The disclosure for this sale can be found here. 4.65% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in CAVM. Solaris Asset Management LLC boosted its stake in Cavium by 43.4% in the 2nd quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock valued at $143,000 after buying an additional 695 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Cavium by 107.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock valued at $160,000 after buying an additional 1,335 shares in the last quarter. World Asset Management Inc acquired a new stake in Cavium in the 3rd quarter valued at $203,000. Tudor Investment Corp ET AL acquired a new stake in Cavium in the 2nd quarter valued at $228,000. Finally, Pacad Investment Ltd. boosted its stake in Cavium by 42.3% in the 2nd quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock valued at $230,000 after buying an additional 1,100 shares in 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)

Receive News & Ratings for Cavium Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavium Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.