Cavium (CAVM) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Cavium (NASDAQ:CAVM) from a hold rating to a buy rating in a report published on Thursday.

Separately, BidaskClub cut shares of Cavium from a sell rating to a strong sell rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $78.82.

Cavium opened at $86.50 on Thursday, Marketbeat.com reports. The firm has a market cap of $6.06 billion, a P/E ratio of 1,081.25 and a beta of 1.41. The company has a current ratio of 2.94, a quick ratio of 2.36 and a debt-to-equity ratio of 0.77. Cavium has a 52-week low of $56.96 and a 52-week high of $92.66.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Cavium in the fourth quarter worth about $115,000. Comerica Bank bought a new position in shares of Cavium in the fourth quarter worth about $227,000. US Bancorp DE grew its holdings in shares of Cavium by 201.3% in the fourth quarter. US Bancorp DE now owns 1,657 shares of the semiconductor provider’s stock worth $139,000 after purchasing an additional 1,107 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Cavium by 33.4% in the fourth quarter. Bank of New York Mellon Corp now owns 881,869 shares of the semiconductor provider’s stock worth $73,928,000 after purchasing an additional 220,651 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Cavium by 4.7% in the fourth quarter. BlackRock Inc. now owns 3,282,964 shares of the semiconductor provider’s stock worth $275,211,000 after purchasing an additional 146,534 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Cavium Company Profile

Cavium, Inc designs, develops, and markets semiconductor processors for intelligent and secure networks in the United States and internationally. The company offers integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage, and security applications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cavium (NASDAQ:CAVM)

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