Reaffirmed: Cavium Inc (NASDAQ:CAVM) “Buy” Rating Kept at Roth Capital; $85.0 Target in Place

January 21, 2018 - By Peter Erickson

 Reaffirmed: Cavium Inc (NASDAQ:CAVM)

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.13, from 1.11 in 2017Q2. It worsened, 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.

Raging Cap Management Ltd Co holds 377,104 shares or 3.86% of its portfolio. Credit Agricole S A reported 94,900 shares. Emerald Advisers Pa reported 387,445 shares. Ls Inv Advsrs Limited Liability owns 78 shares. The Massachusetts-based Woodstock has invested 0.07% in Cavium, Inc. (NASDAQ:CAVM). Parametric Port Associate Ltd Company holds 0.01% of its portfolio in Cavium, Inc. (NASDAQ:CAVM) for 91,133 shares. Qci Asset Mgmt New York reported 0% of its portfolio in Cavium, Inc. (NASDAQ:CAVM). Montag And Caldwell Limited reported 4,914 shares stake. First Quadrant Limited Partnership Ca stated it has 304 shares or 0% of all its holdings. Vanguard reported 0.02% stake. The Michigan-based Arcadia Investment Mngmt Corporation Mi has invested 0.04% in Cavium, Inc. (NASDAQ:CAVM). Frontier Management Llc reported 820,499 shares. Thompson Invest Management Inc has 0.11% invested in Cavium, Inc. (NASDAQ:CAVM). 3,893 are owned by Etrade Capital Mgmt Llc. 37,900 were accumulated by Comgest Glob Invsts Sas.

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

Cavium Inc (NASDAQ:CAVM) Rating Reaffirmed

Recently, In a report revealed on Monday morning, Cavium Inc (NASDAQ:CAVM) shares have had their “Buy” Rating reiterated by stock research analysts at Roth Capital, who currently has a $85.0 target price on firm. This target by Roth Capital means the possibile downside of -5.35 % from the last stock close.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.13, from 1.11 in 2017Q2. It worsened, 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.

Raging Cap Management Ltd Co holds 377,104 shares or 3.86% of its portfolio. Credit Agricole S A reported 94,900 shares. Emerald Advisers Pa reported 387,445 shares. Ls Inv Advsrs Limited Liability owns 78 shares. The Massachusetts-based Woodstock has invested 0.07% in Cavium, Inc. (NASDAQ:CAVM). Parametric Port Associate Ltd Company holds 0.01% of its portfolio in Cavium, Inc. (NASDAQ:CAVM) for 91,133 shares. Qci Asset Mgmt New York reported 0% of its portfolio in Cavium, Inc. (NASDAQ:CAVM). Montag And Caldwell Limited reported 4,914 shares stake. First Quadrant Limited Partnership Ca stated it has 304 shares or 0% of all its holdings. Vanguard reported 0.02% stake. The Michigan-based Arcadia Investment Mngmt Corporation Mi has invested 0.04% in Cavium, Inc. (NASDAQ:CAVM). Frontier Management Llc reported 820,499 shares. Thompson Invest Management Inc has 0.11% invested in Cavium, Inc. (NASDAQ:CAVM). 3,893 are owned by Etrade Capital Mgmt Llc. 37,900 were accumulated by Comgest Glob Invsts Sas.

Since August 17, 2017, it had 0 buys, and 1 insider 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. Benchmark maintained the shares of CAVM in report on Wednesday, November 2 with “Buy” rating. Needham maintained it with “Buy” rating and $90.0 target in Tuesday, November 21 report. The company was upgraded on Wednesday, May 4 by Benchmark. The rating was upgraded by KeyBanc Capital Markets to “Buy” on Monday, October 2. On Thursday, August 3 the stock rating was maintained by Loop Capital Markets with “Buy”. The stock of Cavium, Inc. (NASDAQ:CAVM) has “Positive” rating given on Tuesday, September 20 by Susquehanna. The rating was maintained by Canaccord Genuity on Thursday, November 2 with “Hold”. The firm has “Hold” rating by Oppenheimer given on Thursday, August 3. The stock of Cavium, Inc. (NASDAQ:CAVM) has “Overweight” rating given on Saturday, September 5 by Barclays Capital. Bank of America initiated the stock with “Neutral” rating in Thursday, December 10 report.

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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