Shares of Cavium Inc. (NASDAQ:CAVM) were up 3.1% on Wednesday . The company traded as high as $43.38 and last traded at $43.24, with a volume of 470,141 shares trading hands. The stock had previously closed at $41.95.

A number of analysts have weighed in on CAVM shares. Canaccord Genuity restated a “buy” rating on shares of Cavium in a research note on Monday, April 18th. Benchmark Co. upgraded shares of Cavium from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. Brean Capital started coverage on shares of Cavium in a research note on Tuesday, May 3rd. They set a “buy” rating and a $67.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $66.00 price objective (down from $75.00) on shares of Cavium in a research note on Thursday, April 28th. Finally, Roth Capital restated a “buy” rating on shares of Cavium in a research note on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $60.87.

The company has a 50-day moving average of $42.56 and a 200-day moving average of $52.31. The company’s market cap is $2.49 billion.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, April 27th. The semiconductor provider reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. During the same quarter in the prior year, the firm earned $0.40 EPS. The company had revenue of $101.90 million for the quarter, compared to analysts’ expectations of $102.13 million. The firm’s revenue was up .1% on a year-over-year basis. On average, analysts expect that Cavium Inc. will post $1.34 EPS for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of the company. Employees Retirement System of Texas raised its position in Cavium by 18.8% in the fourth quarter. Employees Retirement System of Texas now owns 38,000 shares of the semiconductor provider’s stock valued at $2,497,000 after buying an additional 6,000 shares in the last quarter. Rhumbline Advisers raised its position in Cavium by 4.8% in the fourth quarter. Rhumbline Advisers now owns 59,408 shares of the semiconductor provider’s stock valued at $3,904,000 after buying an additional 2,725 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Cavium by 0.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 72,545 shares of the semiconductor provider’s stock valued at $4,767,000 after buying an additional 474 shares in the last quarter. Thornburg Investment Management Inc. acquired a new stake in shares of Cavium during the fourth quarter worth about $10,703,000. Finally, Brown Advisory Inc. increased its stake in shares of Cavium by 4.4% in the fourth quarter. Brown Advisory Inc. now owns 320,714 shares of the semiconductor provider’s stock worth $21,074,000 after buying an additional 13,440 shares during the last quarter.

Cavium, Inc is a provider of semiconductor processors, which enables processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Company’s products include OCTEON, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search, ThunderX, Xpliant and XPA.

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