Cavium Inc (NASDAQ:CAVM) has been given an average recommendation of “Hold” by the nineteen ratings firms that are presently covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $79.83.
A number of equities research analysts have recently commented on CAVM shares. Zacks Investment Research downgraded Cavium from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Benchmark downgraded Cavium from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Raymond James Financial downgraded Cavium from an “outperform” rating to a “market perform” rating and set a $80.00 price objective for the company. in a research report on Friday, February 2nd. KeyCorp reiterated a “positive” rating and set a $90.00 price objective (up previously from $80.00) on shares of Cavium in a research report on Thursday, November 16th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares reiterated a “neutral” rating and set a $83.00 price objective (down previously from $85.00) on shares of Cavium in a research report on Tuesday, November 21st.
In other news, Director Sanjay Mehrotra sold 12,500 shares of the stock in a transaction 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 completion of the sale, the director now owns 85,511 shares in the company, valued at $7,798,603.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vincent P. Pangrazio sold 8,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.19, for a total value of $697,520.00. Following the completion of the sale, the senior vice president now owns 54,577 shares of the company’s stock, valued at approximately $4,758,568.63. The disclosure for this sale can be found here. Insiders sold 353,962 shares of company stock valued at $31,361,100 in the last 90 days. Corporate insiders own 4.65% of the company’s stock.
Shares of Cavium (NASDAQ CAVM) traded up $0.34 during midday trading on Friday, reaching $87.29. The company’s stock had a trading volume of 236,220 shares, compared to its average volume of 1,064,976. 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 company has a market cap of $6,352.76, a price-to-earnings ratio of -85.25, a P/E/G ratio of 2.37 and a beta of 1.28. Cavium has a 52-week low of $56.96 and a 52-week high of $92.66.
Cavium (NASDAQ:CAVM) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Cavium had a positive return on equity of 14.07% and a negative net margin of 7.00%. The company had revenue of $260.36 million during the quarter, compared to the consensus estimate of $260.05 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. analysts predict that Cavium will post 2.05 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This story was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://sportsperspectives.com/2018/03/14/brokerages-set-cavium-inc-cavm-target-price-at-79-83.html.
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.
Receive News & Ratings for Cavium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavium and related companies with MarketBeat.com's FREE daily email newsletter.