Cavium Inc (CAVM) Receives $79.83 Consensus Target Price from Analysts

Cavium Inc (NASDAQ:CAVM) has been given a consensus rating of “Hold” by the twenty research firms that are covering the company, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $79.83.

CAVM has been the subject of several recent research reports. Morgan Stanley lowered their price target on Cavium from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. KeyCorp reaffirmed a “positive” rating and set a $90.00 target price (up previously from $80.00) on shares of Cavium in a research report on Thursday, November 16th. They noted that the move was a valuation call. Zacks Investment Research cut Cavium from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub cut Cavium from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Loop Capital reaffirmed a “buy” rating and set a $81.00 target price on shares of Cavium in a research report on Thursday, November 2nd.

Shares of Cavium (NASDAQ CAVM) traded down $0.09 during midday trading on Wednesday, hitting $87.16. The company had a trading volume of 483,205 shares, compared to its average volume of 1,296,776. The company has a market cap of $6,084.11, a PE ratio of -85.45, a price-to-earnings-growth ratio of 2.17 and a beta of 1.33. Cavium has a 1-year low of $56.96 and a 1-year high of $90.83. The company has a current ratio of 2.87, a quick ratio of 2.27 and a debt-to-equity ratio of 0.81.

Cavium (NASDAQ:CAVM) last announced its quarterly earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The business had revenue of $260.36 million during the quarter, compared to analysts’ expectations of $260.05 million. Cavium had a positive return on equity of 14.28% and a negative net margin of 7.00%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. analysts predict that Cavium will post 2.14 EPS for the current fiscal year.

In other news, VP Anil Kumar Jain sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was 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 directly owns 91,616 shares in the company, valued at $7,869,814.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.65% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Delpha Capital Management LLC acquired a new position in shares of Cavium during the fourth quarter worth approximately $114,000. SG Americas Securities LLC acquired a new position in shares of Cavium during the fourth quarter worth approximately $115,000. Cerebellum GP LLC acquired a new position in shares of Cavium during the fourth quarter worth approximately $126,000. American International Group Inc. acquired a new position in shares of Cavium during the fourth quarter worth approximately $131,000. Finally, US Bancorp DE lifted its holdings in shares of Cavium by 201.3% during the fourth quarter. US Bancorp DE now owns 1,657 shares of the semiconductor provider’s stock worth $139,000 after buying an additional 1,107 shares during the last quarter. Institutional investors own 95.28% of the company’s stock.

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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.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

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