Cavium, Inc. (NASDAQ:CAVM) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 3,978 call options on the company. This is an increase of 823% compared to the average daily volume of 431 call options.

A number of brokerages have recently issued reports on CAVM. BidaskClub upgraded shares of Cavium from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Canaccord Genuity restated a “hold” rating and issued a $85.00 price objective (up previously from $67.00) on shares of Cavium in a research note on Tuesday. Jefferies Group LLC cut shares of Cavium from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research cut shares of Cavium from a “hold” rating to a “strong sell” rating in a research note on Monday, August 7th. Finally, Macquarie cut shares of Cavium from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.71.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Solaris Asset Management LLC boosted its stake in shares of 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 purchasing an additional 695 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of 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 purchasing an additional 1,335 shares during the last quarter. World Asset Management Inc bought a new position in shares of Cavium in the 3rd quarter valued at about $203,000. Tudor Investment Corp ET AL bought a new position in shares of Cavium in the 2nd quarter valued at about $228,000. Finally, Pacad Investment Ltd. boosted its stake in shares of 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 purchasing an additional 1,100 shares during the last quarter.

Cavium (CAVM) opened at $88.60 on Thursday. The stock has a market cap of $6,130.00, a PE ratio of 77.80, a PEG ratio of 3.03 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 one year low of $53.76 and a one year high of $88.84.

Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $251.99 million for the quarter, compared to analyst estimates of $250.16 million. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The company’s revenue for the quarter was up 49.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. sell-side analysts expect that Cavium will post 1.33 earnings per share for the current fiscal year.

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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.

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