Capital Impact Advisors continued to hold its position in shares of Cavium Inc (NASDAQ:CAVM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,587 shares of the semiconductor provider’s stock at the end of the fourth quarter. Capital Impact Advisors’ holdings in Cavium were worth $564,000 as of its most recent filing with the SEC.

Separately, Eagle Asset Management raised its stake in shares of Cavium by 65.5% in the third quarter. Eagle Asset Management now owns 3,912,864 shares of the semiconductor provider’s stock valued at $240,132,000 after buying an additional 1,548,178 shares during the period.

Shares of Cavium Inc (NASDAQ:CAVM) traded down 2.72% on Wednesday, hitting $54.04. The stock had a trading volume of 1,531,472 shares. The stock’s market capitalization is $3.02 billion. Cavium Inc has a one year low of $52.31 and a one year high of $77.42. The firm’s 50 day moving average is $61.17 and its 200-day moving average is $66.06.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $0.38 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. The company earned $105.10 million during the quarter, compared to the consensus estimate of $105.06 million. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities research analysts expect that Cavium Inc will post $1.47 earnings per share for the current fiscal year.

CAVM has been the subject of several research analyst reports. Wedbush cut their price objective on Cavium from $78.00 to $74.00 in a report on Monday, November 2nd. Roth Capital restated a “buy” rating on shares of Cavium in a report on Friday, October 23rd. Jefferies Group cut their price objective on Cavium from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Needham & Company LLC cut their price objective on Cavium from $83.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Finally, Zacks Investment Research upgraded Cavium from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Monday, January 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Cavium presently has a consensus rating of “Buy” and an average price target of $69.89.

Cavium, Inc. is a provider of semiconductor processors, which enable processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Company’s products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Company’s OCTEON, OCTEON Plus, OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (NASDAQ:CAVM). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX, a multi-core SoC processor, and MontaVista software products.

12 Month Chart for NASDAQ:CAVM

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