New York: Cavium (NASDAQ:CAVM) Stock Has Just Had Its Overweight Rating Reiterated by Morgan Stanley. Shares now Have a $77 Target

November 14, 2017 - By Adrian Mccoy

 New York: Cavium (NASDAQ:CAVM) Stock Has Just Had Its Overweight Rating Reiterated by Morgan Stanley. Shares now Have a $77 Target

Investors sentiment decreased to 1.11 in 2017 Q2. Its down 0.09, from 1.2 in 2017Q1. It fall, as 30 investors sold Cavium Inc shares while 75 reduced holdings. 48 funds opened positions while 69 raised stakes. 66.91 million shares or 5.10% less from 70.51 million shares in 2017Q1 were reported.

Panagora Asset Mgmt Inc holds 0% or 18,911 shares in its portfolio. Numeric Invsts Ltd Liability Company holds 0.01% or 10,100 shares. Wells Fargo Company Mn reported 320,194 shares. Thrivent For Lutherans owns 0.04% invested in Cavium Inc (NASDAQ:CAVM) for 137,742 shares. California-based Schwab Charles Investment has invested 0.02% in Cavium Inc (NASDAQ:CAVM). Putnam Invs Llc holds 641,444 shares or 0.09% of its portfolio. Adage Cap Prns Group Inc Ltd Liability owns 885,872 shares. Lmr Prtnrs Limited Liability Partnership holds 0.32% of its portfolio in Cavium Inc (NASDAQ:CAVM) for 82,581 shares. Bancorp Of America De stated it has 606,994 shares. Gemmer Asset Limited Company holds 0% or 11 shares in its portfolio. Reilly Limited Co reported 0% of its portfolio in Cavium Inc (NASDAQ:CAVM). Thompson reported 8,825 shares stake. Brighton Jones Lc reported 4,515 shares. Aperio Gp Ltd stated it has 0% of its portfolio in Cavium Inc (NASDAQ:CAVM). 236,912 were accumulated by Falcon Point Limited Com.

Cavium (NASDAQ:CAVM) Rating Reaffirmed

In a research report issued to clients and investors on Thursday, 2 November, The Overweight rating of Cavium (NASDAQ:CAVM) shares was restate by Morgan Stanley, who now has a $77 TP on the stock. Morgan Stanley’s TP would suggest a possible downside of -0.25 % from the last stock price of the company.

Investors sentiment decreased to 1.11 in 2017 Q2. Its down 0.09, from 1.2 in 2017Q1. It fall, as 30 investors sold Cavium Inc shares while 75 reduced holdings. 48 funds opened positions while 69 raised stakes. 66.91 million shares or 5.10% less from 70.51 million shares in 2017Q1 were reported.

Panagora Asset Mgmt Inc holds 0% or 18,911 shares in its portfolio. Numeric Invsts Ltd Liability Company holds 0.01% or 10,100 shares. Wells Fargo Company Mn reported 320,194 shares. Thrivent For Lutherans owns 0.04% invested in Cavium Inc (NASDAQ:CAVM) for 137,742 shares. California-based Schwab Charles Investment has invested 0.02% in Cavium Inc (NASDAQ:CAVM). Putnam Invs Llc holds 641,444 shares or 0.09% of its portfolio. Adage Cap Prns Group Inc Ltd Liability owns 885,872 shares. Lmr Prtnrs Limited Liability Partnership holds 0.32% of its portfolio in Cavium Inc (NASDAQ:CAVM) for 82,581 shares. Bancorp Of America De stated it has 606,994 shares. Gemmer Asset Limited Company holds 0% or 11 shares in its portfolio. Reilly Limited Co reported 0% of its portfolio in Cavium Inc (NASDAQ:CAVM). Thompson reported 8,825 shares stake. Brighton Jones Lc reported 4,515 shares. Aperio Gp Ltd stated it has 0% of its portfolio in Cavium Inc (NASDAQ:CAVM). 236,912 were accumulated by Falcon Point Limited Com.

Cavium Inc (NASDAQ:CAVM) Ratings Coverage

Among 24 analysts covering Cavium Networks Inc. (NASDAQ:CAVM), 16 have Buy rating, 1 Sell and 7 Hold. Therefore 67% are positive. Cavium Networks Inc. has $85 highest and $48 lowest target. $73.31’s average target is -5.03% below currents $77.19 stock price. Cavium Networks Inc. had 60 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Thursday, September 14. Topeka Capital Markets maintained Cavium Inc (NASDAQ:CAVM) rating on Thursday, July 30. Topeka Capital Markets has “Hold” rating and $61 target. Jefferies upgraded the shares of CAVM in report on Monday, July 10 to “Buy” rating. Loop Capital initiated Cavium Inc (NASDAQ:CAVM) on Tuesday, December 6 with “Buy” rating. Barclays Capital upgraded the stock to “Buy” rating in Tuesday, July 18 report. Canaccord Genuity maintained Cavium Inc (NASDAQ:CAVM) rating on Sunday, August 13. Canaccord Genuity has “Hold” rating and $6600 target. JP Morgan maintained the shares of CAVM in report on Tuesday, September 13 with “Overweight” rating. The stock has “Buy” rating by Needham on Thursday, August 3. On Thursday, January 28 the stock rating was maintained by Topeka Capital Markets with “Hold”. The stock has “Buy” rating by Jefferies on Friday, August 11.

About 614,754 shares traded. Cavium Inc (NASDAQ:CAVM) has risen 55.16% since November 14, 2016 and is uptrending. It has outperformed by 38.46% the S&P500.

Wall Street await Cavium Inc (NASDAQ:CAVM) to release earnings on February, 7. Analysts forecast earnings per share of $0.44, up exactly $0.22 or 100.00 % from 2014’s $0.22 EPS. The expected CAVM’s profit could reach $30.44 million giving the stock 43.86 P/E in the case that $0.44 earnings per share is reported. After posting $0.36 EPS for the previous quarter, Cavium Inc’s analysts now forecast 22.22 % EPS growth.

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 has market cap of $5.34 billion. 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. It currently has negative earnings. A range of its products also include a suite of embedded security protocols that enable unified threat management , secure connectivity, network perimeter protection and deep packet inspection (DPI).

More notable recent Cavium Inc (NASDAQ:CAVM) news were published by: Bizjournals.com which released: “Santa Clara’s Marvell may buy San Jose’s Cavium to form $14B chipmaker” on November 03, 2017, also Fool.com with their article: “Why Shares of Cavium Inc. Jumped Today” published on November 06, 2017, Prnewswire.com published: “Cavium Announces Financial Results for Q3 2017” on November 01, 2017. More interesting news about Cavium Inc (NASDAQ:CAVM) were released by: Fool.com and their article: “Why Chesapeake Energy, Cavium, and Advanced Micro Devices Jumped Today” published on November 06, 2017 as well as Prnewswire.com‘s news article titled: “GIGABYTE Announces Production Availability of Cavium’s ThunderX2-based Server …” with publication date: November 13, 2017.

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