Needham & Company LLC reiterated their buy rating on shares of Cavium, Inc. (NASDAQ:CAVM) in a research note published on Tuesday morning. Needham & Company LLC currently has a $90.00 target price on the semiconductor provider’s stock.
A number of other research firms have also commented on CAVM. Canaccord Genuity reissued a hold rating and issued a $85.00 price target (up previously from $67.00) on shares of Cavium in a research report on Tuesday. Jefferies Group LLC lowered shares of Cavium from a buy rating to a hold rating in a research report on Tuesday. Loop Capital lowered shares of Cavium from a buy rating to a hold rating and set a $84.00 price target on the stock. in a research report on Tuesday. Morgan Stanley lowered shares of Cavium from an overweight rating to an equal weight rating and set a $77.00 price target on the stock. in a research report on Tuesday. Finally, Macquarie lowered shares of Cavium from an outperform rating to a neutral rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Cavium presently has a consensus rating of Hold and an average target price of $80.71.
Cavium (CAVM) opened at $88.80 on Tuesday. The firm has a market cap of $6,140.00, a P/E ratio of 82.04, a P/E/G ratio of 3.20 and a beta of 1.27. 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 $53.76 and a 52-week high of $88.96.
In other Cavium news, VP Anil Kumar Jain sold 8,500 shares of Cavium stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total transaction of $730,150.00. Following the sale, the vice president now owns 91,616 shares in the company, valued at $7,869,814.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction on Friday, November 10th. The stock was sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the sale, the senior vice president now owns 60,039 shares in the company, valued at approximately $4,636,211.58. The disclosure for this sale can be found here. 4.65% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Solaris Asset Management LLC boosted its stake in shares of Cavium by 43.4% in the 2nd quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider’s stock valued at $143,000 after purchasing an additional 695 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Cavium by 107.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the semiconductor provider’s stock valued at $160,000 after purchasing an additional 1,335 shares in the last quarter. World Asset Management Inc acquired a new stake in shares of Cavium in the 3rd quarter valued at $203,000. Tudor Investment Corp ET AL acquired a new stake in shares of Cavium in the 2nd quarter valued at $228,000. Finally, Pacad Investment Ltd. boosted its stake in shares of Cavium by 42.3% in the 2nd quarter. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider’s stock valued at $230,000 after purchasing an additional 1,100 shares in the last quarter.
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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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