Cavium Inc. (NASDAQ:CAVM) shares were up 4% during mid-day trading on Thursday . The company traded as high as $50.45 and last traded at $50.45, with a volume of 817,030 shares trading hands. The stock had previously closed at $48.49.

Several analysts have recently commented on CAVM shares. Canaccord Genuity reaffirmed a “buy” rating on shares of Cavium in a report on Monday, April 18th. Zacks Investment Research downgraded shares of Cavium from a “hold” rating to a “sell” rating in a report on Thursday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 price objective (down from $75.00) on shares of Cavium in a report on Thursday, April 28th. Morgan Stanley dropped their price objective on shares of Cavium from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 28th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of Cavium in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Cavium presently has an average rating of “Hold” and a consensus target price of $60.33.

The firm’s market capitalization is $3.00 billion. The company’s 50 day moving average price is $43.23 and its 200 day moving average price is $51.01.

Cavium (NASDAQ:CAVM) last announced its earnings results on Tuesday, July 26th. The semiconductor provider reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The business earned $107.20 million during the quarter, compared to analyst estimates of $106.70 million. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, equities analysts anticipate that Cavium Inc. will post $1.34 EPS for the current fiscal year.

Other institutional investors have recently made changes to their positions in the company. Coe Capital Management LLC purchased a new position in shares of Cavium during the fourth quarter valued at about $1,683,000. Employees Retirement System of Texas boosted its position in shares of 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. Finally, RS Investment Management Co. LLC boosted its position in shares of Cavium by 224.3% in the fourth quarter. RS Investment Management Co. LLC now owns 1,121,980 shares of the semiconductor provider’s stock valued at $73,725,000 after buying an additional 776,060 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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