Canaccord Genuity reiterated their hold rating on shares of Cavium, Inc. (NASDAQ:CAVM) in a report published on Friday morning.

“We expect management to echo previous comments regarding a lack of visibility as it pertains to a China telco recovery .”,” Canaccord Genuity’s analyst wrote.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus lifted their target price on shares of Cavium from $55.00 to $66.00 and gave the stock a hold rating in a research note on Thursday, April 27th. Longbow Research began coverage on shares of Cavium in a research note on Friday, June 9th. They issued a buy rating and a $85.00 target price on the stock. Needham & Company LLC reaffirmed a buy rating and issued a $78.00 target price (up from $77.00) on shares of Cavium in a research note on Thursday, April 27th. BidaskClub downgraded shares of Cavium from a hold rating to a sell rating in a research report on Saturday, July 1st. Finally, Pacific Crest reissued an equal weight rating on shares of Cavium in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $74.53.

Shares of Cavium (CAVM) traded down 5.59% during midday trading on Friday, reaching $59.31. 2,162,609 shares of the company’s stock traded hands. The company has a 50 day moving average of $64.96 and a 200 day moving average of $68.19. The firm’s market cap is $4.04 billion. Cavium has a 52-week low of $46.78 and a 52-week high of $76.26.

Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Cavium had a negative net margin of 22.82% and a positive return on equity of 5.87%. The company had revenue of $242.09 million for the quarter, compared to the consensus estimate of $238.93 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 125.8% on a year-over-year basis. On average, equities analysts predict that Cavium will post $2.80 EPS for the current fiscal year.

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In other Cavium news, VP Arthur D. Chadwick sold 40,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $75.14, for a total value of $3,005,600.00. Following the completion of the transaction, the vice president now owns 75,383 shares of the company’s stock, valued at approximately $5,664,278.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $75.73, for a total value of $1,135,950.00. Following the completion of the transaction, the senior vice president now directly owns 60,039 shares of the company’s stock, valued at approximately $4,546,753.47. The disclosure for this sale can be found here. Insiders own 4.65% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. First Midwest Bank Trust Division raised its position in shares of Cavium by 8.8% in the first quarter. First Midwest Bank Trust Division now owns 19,873 shares of the semiconductor provider’s stock worth $1,424,000 after buying an additional 1,605 shares during the period. IFP Advisors Inc raised its position in shares of Cavium by 6.9% in the first quarter. IFP Advisors Inc now owns 1,559 shares of the semiconductor provider’s stock worth $112,000 after buying an additional 101 shares during the period. Russell Investments Group Ltd. raised its position in shares of Cavium by 25.7% in the first quarter. Russell Investments Group Ltd. now owns 401,484 shares of the semiconductor provider’s stock worth $28,769,000 after buying an additional 82,125 shares during the period. Strs Ohio raised its position in shares of Cavium by 5.6% in the first quarter. Strs Ohio now owns 11,300 shares of the semiconductor provider’s stock worth $809,000 after buying an additional 600 shares during the period. Finally, Profund Advisors LLC raised its position in shares of Cavium by 14.2% in the first quarter. Profund Advisors LLC now owns 14,457 shares of the semiconductor provider’s stock worth $1,036,000 after buying an additional 1,793 shares during the period.

Cavium Company Profile

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.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

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