Cavium (CAVM) Lowered to “Sell” at ValuEngine

ValuEngine cut shares of Cavium (NASDAQ:CAVM) from a hold rating to a sell rating in a research note released on Thursday morning.

A number of other equities research analysts have also recently commented on CAVM. Raymond James cut shares of Cavium from an outperform rating to a market perform rating and set a $80.00 price target for the company. in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Cavium from a sell rating to a hold rating in a report on Tuesday, January 23rd. BidaskClub cut shares of Cavium from a hold rating to a sell rating in a report on Wednesday, April 4th. Finally, Stifel Nicolaus raised their price target on shares of Cavium from $68.00 to $81.00 and gave the stock a hold rating in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Cavium currently has a consensus rating of Hold and an average target price of $79.33.

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NASDAQ:CAVM traded up $0.60 during trading hours on Thursday, reaching $79.20. The company had a trading volume of 94,366 shares, compared to its average volume of 1,031,481. The company has a current ratio of 2.80, a quick ratio of 2.26 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $5,696.18, a price-to-earnings ratio of 982.50, a PEG ratio of 2.04 and a beta of 1.34. Cavium has a twelve month low of $56.96 and a twelve month high of $92.66.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $260.36 million during the quarter, compared to analysts’ expectations of $260.05 million. Cavium had a negative net margin of 7.00% and a positive return on equity of 14.07%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. equities analysts predict that Cavium will post 2.13 earnings per share for the current fiscal year.

In other Cavium news, CEO Syed Ali sold 125,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $88.71, for a total value of $11,088,750.00. Following the transaction, the chief executive officer now directly owns 2,023,101 shares of the company’s stock, valued at $179,469,289.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Anil Kumar Jain sold 16,059 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.51, for a total transaction of $1,405,323.09. Following the completion of the transaction, the vice president now directly owns 116,274 shares in the company, valued at $10,175,137.74. The disclosure for this sale can be found here. Insiders sold 353,962 shares of company stock worth $31,361,100 over the last ninety days. Insiders own 4.65% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Delpha Capital Management LLC bought a new position in shares of Cavium during the fourth quarter valued at about $114,000. SG Americas Securities LLC bought a new position in shares of Cavium during the fourth quarter valued at about $115,000. Cerebellum GP LLC bought a new position in shares of Cavium during the fourth quarter valued at about $126,000. American International Group Inc. bought a new position in shares of Cavium during the fourth quarter valued at about $131,000. Finally, US Bancorp DE lifted its position in shares of Cavium by 201.3% during the fourth quarter. US Bancorp DE now owns 1,657 shares of the semiconductor provider’s stock valued at $139,000 after purchasing an additional 1,107 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors.

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Cavium Company Profile

Cavium, Inc designs, develops, and markets semiconductor processors for intelligent and secure networks in the United States and internationally. The company offers integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage, and security applications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

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