New York: Cavium Inc (NASDAQ:CAVM) Stock Has Just Had Its Buy Rating Reiterated by Roth Capital. Shares now Have a $85.0 Target

January 21, 2018 - By Winifred Garcia

 New York: Cavium Inc (NASDAQ:CAVM) Stock Has Just Had Its Buy Rating Reiterated by Roth Capital. Shares now Have a $85.0 Target

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.13, from 1.11 in 2017Q2. It dropped, as 45 investors sold Cavium, Inc. shares while 65 reduced holdings. 31 funds opened positions while 77 raised stakes. 67.55 million shares or 0.96% more from 66.91 million shares in 2017Q2 were reported.

First Midwest State Bank Trust Division holds 11,665 shares. Adage Capital Prns Group Limited Liability Company holds 0.17% or 1.05M shares. Sei Invs Co reported 29,907 shares. State Street has 1.01M shares. Moreover, Highland Cap Mngmt Ltd Partnership has 0.26% invested in Cavium, Inc. (NASDAQ:CAVM) for 89,500 shares. Majedie Asset Mgmt Limited has 6,518 shares. The Colorado-based Icon Advisers Commerce has invested 0.73% in Cavium, Inc. (NASDAQ:CAVM). The Pennsylvania-based Alphaone Inv Limited Co has invested 0.01% in Cavium, Inc. (NASDAQ:CAVM). Nj State Employees Deferred Compensation Plan, New Jersey-based fund reported 15,000 shares. 13,147 were reported by Walleye Trading Lc. Boston Private Wealth Lc owns 10,739 shares or 0.03% of their US portfolio. Montag Caldwell Ltd Liability has 0.01% invested in Cavium, Inc. (NASDAQ:CAVM). Thrivent Fin For Lutherans has 151,842 shares for 0.04% of their portfolio. Oppenheimer Asset Mgmt Inc reported 0.01% of its portfolio in Cavium, Inc. (NASDAQ:CAVM). Whittier Tru has invested 0% in Cavium, Inc. (NASDAQ:CAVM).

Since August 17, 2017, it had 0 insider buys, and 1 sale for $1.24 million activity.

Cavium Inc (NASDAQ:CAVM) Rating Reaffirmed

Roth Capital now has a $85.0 target price per share on shares of Cavium Inc (NASDAQ:CAVM). The target price per share gives a potential downside of -5.35 % from the last stock price of Cavium Inc (NASDAQ:CAVM). This rating was disclosed in a research note on Monday, 30 October.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.13, from 1.11 in 2017Q2. It dropped, as 45 investors sold Cavium, Inc. shares while 65 reduced holdings. 31 funds opened positions while 77 raised stakes. 67.55 million shares or 0.96% more from 66.91 million shares in 2017Q2 were reported.

First Midwest State Bank Trust Division holds 11,665 shares. Adage Capital Prns Group Limited Liability Company holds 0.17% or 1.05M shares. Sei Invs Co reported 29,907 shares. State Street has 1.01M shares. Moreover, Highland Cap Mngmt Ltd Partnership has 0.26% invested in Cavium, Inc. (NASDAQ:CAVM) for 89,500 shares. Majedie Asset Mgmt Limited has 6,518 shares. The Colorado-based Icon Advisers Commerce has invested 0.73% in Cavium, Inc. (NASDAQ:CAVM). The Pennsylvania-based Alphaone Inv Limited Co has invested 0.01% in Cavium, Inc. (NASDAQ:CAVM). Nj State Employees Deferred Compensation Plan, New Jersey-based fund reported 15,000 shares. 13,147 were reported by Walleye Trading Lc. Boston Private Wealth Lc owns 10,739 shares or 0.03% of their US portfolio. Montag Caldwell Ltd Liability has 0.01% invested in Cavium, Inc. (NASDAQ:CAVM). Thrivent Fin For Lutherans has 151,842 shares for 0.04% of their portfolio. Oppenheimer Asset Mgmt Inc reported 0.01% of its portfolio in Cavium, Inc. (NASDAQ:CAVM). Whittier Tru has invested 0% in Cavium, Inc. (NASDAQ:CAVM).

Since August 17, 2017, it had 0 insider buys, and 1 sale for $1.24 million activity.

Cavium, Inc. (NASDAQ:CAVM) Ratings Coverage

Among 24 analysts covering Cavium Networks Inc. (NASDAQ:CAVM), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. Cavium Networks Inc. has $90 highest and $48 lowest target. $76’s average target is -15.37% below currents $89.8 stock price. Cavium Networks Inc. had 68 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Friday, August 5 with “Overweight”. The rating was downgraded by Canaccord Genuity to “Hold” on Thursday, June 16. The stock has “Buy” rating by Benchmark on Wednesday, May 4. KeyBanc Capital Markets upgraded Cavium, Inc. (NASDAQ:CAVM) on Monday, October 2 to “Buy” rating. Loop Capital Markets downgraded Cavium, Inc. (NASDAQ:CAVM) on Tuesday, November 21 to “Hold” rating. The firm has “Hold” rating given on Wednesday, August 2 by Stifel Nicolaus. The stock of Cavium, Inc. (NASDAQ:CAVM) has “Outperform” rating given on Thursday, September 14 by Raymond James. Susquehanna maintained Cavium, Inc. (NASDAQ:CAVM) on Thursday, August 3 with “Buy” rating. The company was maintained on Tuesday, November 21 by Needham. The stock of Cavium, Inc. (NASDAQ:CAVM) has “Buy” rating given on Thursday, July 30 by Needham.

The stock decreased 0.17% or $0.15 during the last trading session, reaching $89.8. About 882,915 shares traded. Cavium, Inc. (NASDAQ:CAVM) has risen 55.16% since January 21, 2017 and is uptrending. It has outperformed by 38.46% the S&P500.

Analysts await Cavium, Inc. (NASDAQ:CAVM) to report earnings on February, 7. They expect $0.44 EPS, up 100.00 % or $0.22 from last year’s $0.22 per share. CAVM’s profit will be $30.43 million for 51.02 P/E if the $0.44 EPS becomes a reality. After $0.36 actual EPS reported by Cavium, Inc. for the previous quarter, Wall Street now forecasts 22.22 % EPS growth.

Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks in the United States and internationally. The company has market cap of $6.21 billion. The firm offers integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage, and security applications. It currently has negative earnings. 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, as well as a suite of embedded security protocols that enable unified threat management, secure connectivity, network perimeter protection, and deep packet inspection.

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