Cavium, Inc. (CAVM) Given Consensus Rating of “Hold” by Analysts
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.
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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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.
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