BidaskClub lowered shares of Cavium, Inc. (NASDAQ:CAVM) from a hold rating to a sell rating in a research report sent to investors on Monday.

CAVM has been the topic of several other reports. Needham & Company LLC reaffirmed a buy rating and set a $78.00 price objective (up from $77.00) on shares of Cavium in a research report on Thursday, April 27th. Barclays PLC upgraded shares of Cavium from an equal weight rating to an overweight rating in a report on Friday, July 21st. MKM Partners reiterated a buy rating and set a $81.00 target price (up from $77.00) on shares of Cavium in a report on Monday, May 1st. Jefferies Group LLC reiterated a hold rating and set a $73.00 target price (up from $69.00) on shares of Cavium in a report on Thursday, April 27th. Finally, Pacific Crest reiterated an equal weight rating on shares of Cavium in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $74.53.

Cavium (CAVM) traded up 4.04% on Monday, reaching $62.82. The company’s stock had a trading volume of 2,480,201 shares. The firm’s 50-day moving average price is $64.96 and its 200 day moving average price is $68.19. The company’s market cap is $4.26 billion. Cavium has a 52-week low of $45.79 and a 52-week high of $76.26.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The business had revenue of $242.09 million for the quarter, compared to analysts’ expectations of $238.93 million. Cavium had a positive return on equity of 4.05% and a negative net margin of 26.52%. The business’s revenue was up 125.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. Equities analysts anticipate that Cavium will post $2.77 EPS for the current fiscal year.

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In other Cavium news, SVP Vincent P. Pangrazio sold 15,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $75.73, for a total transaction of $1,135,950.00. Following the completion of the transaction, the senior vice president now owns 60,039 shares of the company’s stock, valued at approximately $4,546,753.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Arthur D. Chadwick sold 40,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $75.14, for a total transaction of $3,005,600.00. Following the transaction, the vice president now directly owns 75,383 shares of the company’s stock, valued at approximately $5,664,278.62. 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 added to or reduced their stakes in the stock. First Midwest Bank Trust Division increased its position in Cavium by 8.8% in the first quarter. First Midwest Bank Trust Division now owns 19,873 shares of the semiconductor provider’s stock valued at $1,424,000 after buying an additional 1,605 shares during the period. IFP Advisors Inc increased its position in Cavium by 6.9% in the first quarter. IFP Advisors Inc now owns 1,559 shares of the semiconductor provider’s stock valued at $112,000 after buying an additional 101 shares during the period. Russell Investments Group Ltd. increased its position in Cavium by 25.7% in the first quarter. Russell Investments Group Ltd. now owns 401,484 shares of the semiconductor provider’s stock valued at $28,769,000 after buying an additional 82,125 shares during the period. Strs Ohio increased its position in Cavium by 5.6% in the first quarter. Strs Ohio now owns 11,300 shares of the semiconductor provider’s stock valued at $809,000 after buying an additional 600 shares during the period. Finally, Profund Advisors LLC increased its position in Cavium by 14.2% in the first quarter. Profund Advisors LLC now owns 14,457 shares of the semiconductor provider’s stock valued at $1,036,000 after buying an additional 1,793 shares during the period.

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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