Cavium, Inc. (NASDAQ:CAVM) has earned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $78.17.

A number of equities research analysts have recently weighed in on CAVM shares. Canaccord Genuity reiterated a “hold” rating and issued a $66.00 price target on shares of Cavium in a research report on Tuesday, August 15th. BidaskClub upgraded shares of Cavium from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. MKM Partners reiterated a “buy” rating and issued a $81.00 price target on shares of Cavium in a research report on Wednesday, August 16th. Loop Capital reiterated a “buy” rating and issued a $81.00 price target on shares of Cavium in a research report on Tuesday, August 22nd. Finally, KeyCorp reiterated a “hold” rating on shares of Cavium in a research report on Friday, September 1st.

In other news, SVP Vincent P. Pangrazio sold 15,000 shares of the company’s stock in a transaction 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 transaction, 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 can be accessed through this link. Also, VP Anil Kumar Jain sold 8,500 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 91,616 shares of the company’s stock, valued at $7,869,814.40. The disclosure for this sale can be found here. 4.65% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in shares of Cavium by 18.6% in the third quarter. Public Employees Retirement System of Ohio now owns 214,208 shares of the semiconductor provider’s stock worth $14,125,000 after purchasing an additional 33,539 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Cavium in the third quarter worth $8,902,000. Janus Henderson Group PLC grew its stake in shares of Cavium by 16.6% in the third quarter. Janus Henderson Group PLC now owns 867,072 shares of the semiconductor provider’s stock worth $57,170,000 after purchasing an additional 123,567 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Cavium in the third quarter worth $10,873,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Cavium by 8.5% in the third quarter. Envestnet Asset Management Inc. now owns 14,272 shares of the semiconductor provider’s stock worth $940,000 after purchasing an additional 1,113 shares during the last quarter.

Cavium (NASDAQ:CAVM) traded down $0.27 during midday trading on Friday, hitting $84.60. 739,785 shares of the stock were exchanged, compared to its average volume of 1,051,092. 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 has a 52 week low of $56.96 and a 52 week high of $88.96. The firm has a market capitalization of $5,927.34, a P/E ratio of 79.36, a price-to-earnings-growth ratio of 3.09 and a beta of 1.36.

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

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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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