Cavium (CAVM) Rating Lowered to Sell at BidaskClub

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.

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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.

Cavium (NASDAQ:CAVM) last released its earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The firm had revenue of $260.36 million during the quarter, compared to analyst estimates of $260.05 million. Cavium had a positive return on equity of 14.07% and a negative net margin of 7.00%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. equities analysts predict that Cavium will post 1.98 EPS for the current year.

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.

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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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