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

CAVM has been the subject of several other reports. Jefferies Group LLC set a $79.00 target price on shares of Cavium and gave the stock a buy rating in a report on Thursday, October 19th. Benchmark Co. cut shares of Cavium from a buy rating to a hold rating in a report on Monday. MKM Partners reaffirmed a buy rating and issued a $81.00 target price on shares of Cavium in a report on Wednesday, August 16th. Loop Capital reaffirmed a buy rating and issued a $81.00 target price on shares of Cavium in a report on Tuesday, August 22nd. Finally, KeyCorp reaffirmed a positive rating and issued a $90.00 target price (up from $80.00) on shares of Cavium in a report on Thursday, November 16th. They noted that the move was a valuation call. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $80.71.

Cavium (NASDAQ:CAVM) opened at $87.20 on Tuesday. Cavium has a 12-month low of $53.73 and a 12-month high of $87.57. The stock has a market cap of $6,030.00, a PE ratio of 77.80, a P/E/G ratio of 3.03 and a beta of 1.27. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.27 and a current ratio of 2.87.

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

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In related news, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the completion of the sale, the senior vice president now directly owns 60,039 shares in the company, valued at $4,636,211.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.65% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas grew its position in Cavium by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 5,372 shares of the semiconductor provider’s stock valued at $334,000 after buying an additional 68 shares during the period. D.A. Davidson & CO. boosted its position in shares of Cavium by 3.5% in the second quarter. D.A. Davidson & CO. now owns 3,768 shares of the semiconductor provider’s stock worth $234,000 after purchasing an additional 129 shares during the period. Profund Advisors LLC boosted its position in shares of Cavium by 1.6% in the second quarter. Profund Advisors LLC now owns 14,693 shares of the semiconductor provider’s stock worth $913,000 after purchasing an additional 236 shares during the period. First Midwest Bank Trust Division boosted its position in shares of Cavium by 2.4% in the second quarter. First Midwest Bank Trust Division now owns 20,348 shares of the semiconductor provider’s stock worth $1,264,000 after purchasing an additional 475 shares during the period. Finally, Geneva Advisors LLC boosted its position in shares of Cavium by 3.2% in the second quarter. Geneva Advisors LLC now owns 15,521 shares of the semiconductor provider’s stock worth $964,000 after purchasing an additional 487 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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