Cavium (CAVM) Trading Up 7.1%

Shares of Cavium (NASDAQ:CAVM) were up 7.1% during mid-day trading on Monday . The company traded as high as $79.13 and last traded at $78.18. Approximately 1,974,106 shares changed hands during mid-day trading, an increase of 96% from the average daily volume of 1,005,390 shares. The stock had previously closed at $72.97.

A number of analysts have issued reports on CAVM shares. ValuEngine lowered Cavium from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. BidaskClub lowered Cavium from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Raymond James lowered Cavium from an “outperform” rating to a “market perform” rating and set a $80.00 price target on the stock. in a research note on Friday, February 2nd. Zacks Investment Research raised Cavium from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus raised their price target on Cavium from $68.00 to $81.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $79.33.

The company has a market cap of $5.47 billion, a price-to-earnings ratio of 957.38, a PEG ratio of 2.26 and a beta of 1.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.94 and a quick ratio of 2.36.



In other news, VP Anil Kumar Jain sold 16,059 shares of Cavium stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $87.51, for a total value of $1,405,323.09. Following the transaction, the vice president now directly owns 116,274 shares of the company’s stock, valued at approximately $10,175,137.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vincent P. Pangrazio sold 8,000 shares of Cavium stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.19, for a total value of $697,520.00. Following the completion of the transaction, the senior vice president now directly owns 54,577 shares in the company, valued at $4,758,568.63. The disclosure for this sale can be found here. Insiders sold a total of 353,962 shares of company stock worth $31,361,100 over the last ninety days. Corporate insiders own 4.65% of the company’s stock.

Several large investors have recently made changes to their positions in CAVM. Farallon Capital Management LLC raised its holdings in shares of Cavium by 950.0% during the 1st quarter. Farallon Capital Management LLC now owns 1,890,000 shares of the semiconductor provider’s stock valued at $150,028,000 after buying an additional 1,710,000 shares during the period. Natixis raised its holdings in shares of Cavium by 456.2% during the 1st quarter. Natixis now owns 1,597,042 shares of the semiconductor provider’s stock valued at $126,773,000 after buying an additional 1,309,882 shares during the period. Cowen Inc. raised its holdings in shares of Cavium by 475.1% during the 1st quarter. Cowen Inc. now owns 1,562,839 shares of the semiconductor provider’s stock valued at $124,058,000 after buying an additional 1,291,075 shares during the period. UBS Group AG raised its holdings in shares of Cavium by 109.7% during the 1st quarter. UBS Group AG now owns 1,801,774 shares of the semiconductor provider’s stock valued at $143,025,000 after buying an additional 942,399 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Cavium by 194.7% during the 4th quarter. Deutsche Bank AG now owns 1,278,438 shares of the semiconductor provider’s stock valued at $107,168,000 after buying an additional 844,622 shares during the period. Institutional investors and hedge funds own 91.25% of the company’s stock.

Cavium Company Profile

Cavium, Inc designs, develops, and markets semiconductor processors for intelligent and secure networks in the United States and internationally. The company offers integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage, and security applications.

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