Cavium (NASDAQ:CAVM) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
CAVM has been the subject of several other reports. Stifel Nicolaus upped their target price on Cavium from $68.00 to $81.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Zacks Investment Research upgraded Cavium from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Raymond James Financial lowered Cavium from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Cavium presently has an average rating of “Hold” and an average price target of $79.33.
Cavium stock traded down $0.23 during trading on Wednesday, hitting $78.23. The company’s stock had a trading volume of 33,237 shares, compared to its average volume of 1,075,730. The firm has a market capitalization of $5,445.43, a P/E ratio of 980.75, a PEG ratio of 2.10 and a beta of 1.34. Cavium has a 1-year low of $56.96 and a 1-year high of $92.66. The company has a current ratio of 2.80, a quick ratio of 2.26 and a debt-to-equity ratio of 0.78.
In other Cavium news, VP Anil Kumar Jain sold 20,924 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $92.52, for a total transaction of $1,935,888.48. Following the transaction, the vice president now owns 105,612 shares of the company’s stock, valued at approximately $9,771,222.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sanjay Mehrotra sold 12,500 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $91.20, for a total value of $1,140,000.00. Following the transaction, the director now directly owns 85,511 shares in the company, valued at approximately $7,798,603.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 353,962 shares of company stock worth $31,361,100. 4.65% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Omni Partners LLP bought a new position in Cavium during the 4th quarter worth approximately $30,098,000. Alyeska Investment Group L.P. bought a new position in Cavium during the 3rd quarter worth approximately $10,873,000. Kassirer Asset Management Corp acquired a new stake in shares of Cavium during the 4th quarter worth approximately $4,611,000. Carillon Tower Advisers Inc. acquired a new stake in shares of Cavium during the 4th quarter worth approximately $36,031,000. Finally, Washington Capital Management Inc. acquired a new stake in shares of Cavium during the 4th quarter worth approximately $369,000. 92.11% of the stock is currently owned by institutional investors.
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.
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