Cavium Inc. (NASDAQ:CAVM)’s share price was 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 changing hands. The stock had previously closed at $41.95.

A number of equities analysts have weighed in on CAVM shares. Wedbush reissued an “outperform” rating and issued a $68.00 price objective on shares of Cavium in a research report on Wednesday, June 15th. Canaccord Genuity reaffirmed a “buy” rating and set a $61.00 price target (down previously from $67.00) on shares of Cavium in a research report on Tuesday, June 7th. Zacks Investment Research raised shares of Cavium from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price target on shares of Cavium in a research report on Tuesday, May 31st. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Cavium in a research report on Thursday, April 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $60.87.

The company’s market cap is $2.49 billion. The company’s 50-day moving average price is $42.18 and its 200-day moving average price is $52.18.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, April 27th. The semiconductor provider reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The company earned $101.90 million during the quarter, compared to analyst estimates of $102.13 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts expect that Cavium Inc. will post $1.33 EPS for the current fiscal year.

A number of hedge funds recently bought and sold shares of CAVM. Employees Retirement System of Texas raised its stake 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 stake 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 stake 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. bought a new stake in Cavium during the fourth quarter valued at about $10,703,000. Finally, Standard Life Investments LTD raised its stake in Cavium by 16.5% in the fourth quarter. Standard Life Investments LTD now owns 3,195,333 shares of the semiconductor provider’s stock valued at $209,997,000 after buying an additional 452,331 shares in 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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