Franklin Street Advisors closed out its stake in shares of Cavium Inc (NASDAQ:CAVM) during the fourth quarter, according to its most recent disclosure with the SEC. The hedge fund previously had a 3,500 share stake in the semiconductor provider, valued at approximately $189,140. Franklin Street Advisors was fully divested from the semiconductor provider by the time it had filed its quarterly disclosure with the SEC.

Separately, Eagle Asset Management increased 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 worth $240,132,000 after buying an additional 1,548,178 shares during the last quarter.

Cavium Inc (NASDAQ:CAVM) traded up 3.44% during trading on Thursday, reaching $55.90. The company’s stock had a trading volume of 822,555 shares. The company has a 50 day moving average price of $60.84 and a 200-day moving average price of $65.97. Cavium Inc has a 52 week low of $52.31 and a 52 week high of $77.42. The company’s market capitalization is $3.13 billion.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings data on Wednesday, January 27th. The semiconductor provider reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $100.90 million for the quarter, compared to analyst estimates of $100.39 million. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that Cavium Inc will post $1.47 earnings per share for the current year.

Several brokerages have weighed in on CAVM. Oppenheimer reissued an “outperform” rating and issued a $72.00 price target on shares of Cavium in a report on Monday, October 26th. Jefferies Group lowered their price target on Cavium from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Stifel Nicolaus downgraded Cavium from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Thursday, October 29th. Canaccord Genuity reissued a “buy” rating and issued a $74.00 price target on shares of Cavium in a report on Thursday. Finally, Needham & Company LLC lowered their price target on Cavium from $83.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average 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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