With Shares Trading up at $81.36 (CAVM) Cavium (CAVM) Alert: Johnson Fistel…

Mae Love
November 22, 2017

The following firms have recently changed their position in CAVM. The company's shares were given away at $61.85 per share worth to an income of some $1,237,000 on account of Hussain Muhammad Raghib. Short shares increased from 5,422,291 to 5,577,592 over that timeframe. The stock witnessed 21.93% gains, 37.78% gains and 14.17% gains for the 1-month, 3-month and 6-month period, respectively. It improved, as 0 investors sold Terra Tech Corp shares while 0 reduced holdings. Currently Cavium, Inc. (NASDAQ:CAVM)'s shares owned by insiders are 0.30%, whereas shares owned by institutional owners are -. Fred Alger Management Inc. now owns 1,275,464 shares of the semiconductor provider's stock worth $79,245,000 after buying an additional 339,019 shares during the last quarter. Finally, ShearLink Capital LLC increased its stake in shares of Cavium by 47.9% in the second quarter. Fred Alger Management Inc now owns 1,513,148 shares valued at $99,777,000. Fox Run Management L.L.C. acquired a new stake in shares of Cavium during the 2nd quarter valued at $391,000. LLC now owns 820,499 shares of the semiconductor provider's stock worth $54,104,000 after acquiring an additional 700,015 shares in the last quarter.

CAVM has been the topic of a number of research reports. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Finally, Loop Capital restated a "buy" rating and issued a $81.00 price target on shares of Cavium in a report on Thursday, November 2nd. Morgan Stanley lowered the price target on November 2 changing the price objective from $78.00 to $77.00 with a rating of "Overweight".

Canaccord Genuity raised the price target on November 2 boosting the projection from $66.00 to $67.00 and issued a "Hold" recommendation. (NASDAQ:CAVM), with 9 analysts believing it is a strong buy. On October 17 KeyCorp left the company rating at "Buy" projecting a price of $80.00.

The stock of Cavium Inc (NASDAQ:CAVM) reached all time high today, Nov, 21 and still has $92.12 target or 6.00 % above today's $86.91 share price. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of USA & worldwide copyright legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/21/cavium-inc-cavm-holdings-cut-by-stephens-investment-management-group-llc.html. Stocks with a beta lower than the market are considered to be less risky while those with a higher beta are more risky than the market. 8,297,051 shares of the company traded hands, compared to its average volume of 995,237.

Shares of Cavium, Inc. Cavium, Inc. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81.

Cavium Inc's P/E ratio is N/A and market capitalization is 5.62B.

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Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.02.

Cavium, Inc. (NASDAQ:CAVM) gross margin percentage stands at 48.2% while its operating margin for the past trailing twelve month is -7.8 percent and its overall profit margin (ttm) is -19.9 Percent. The company had revenue of $251.99 million for the quarter, compared to the consensus estimate of $250.16 million.

(NASDAQ:CAVM) now has a beta of 1.24 meaning it is more volatile than the market overall which by definition has a beta of 1.

In other Cavium news, SVP Vincent P. Pangrazio sold 15,000 shares of the stock in a transaction on Friday, November 10th. The average investment rating for CAVM on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.31 or a Moderate Buy. Following the transaction, the senior vice president now directly owns 60,039 shares of the company's stock, valued at $4,636,211.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Cavium, Inc.is engaged in providing semiconductor processors that enable networking, communications, storage, video 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.

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