Cavium Inc (NASDAQ:CAVM)‘s stock had its “outperform” rating restated by analysts at Wedbush in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a $74.00 price target on the semiconductor provider’s stock. Wedbush’s price objective would indicate a potential upside of 36.94% from the company’s current price.

Other hedge funds and institutional investors have recently modified their holdings of the company. BB&T Securities raised its position in shares of Cavium by 15.7% in the fourth quarter. BB&T Securities now owns 3,900 shares of the semiconductor provider’s stock worth $256,000 after buying an additional 529 shares in the last quarter. Juncture Wealth Strategies raised its position in shares of Cavium by 5.1% in the fourth quarter. Juncture Wealth Strategies now owns 14,369 shares of the semiconductor provider’s stock worth $944,000 after buying an additional 699 shares in the last quarter. Essex Investment Management Co. LLC raised its position in shares of Cavium by 50.0% in the fourth quarter. Essex Investment Management Co. LLC now owns 15,000 shares of the semiconductor provider’s stock worth $986,000 after buying an additional 5,000 shares in the last quarter. Quantitative Systematic Strategies raised its position in shares of Cavium by 195.7% in the fourth quarter. Quantitative Systematic Strategies now owns 17,825 shares of the semiconductor provider’s stock worth $1,187,000 after buying an additional 11,796 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its position in shares of Cavium by 14.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 60,840 shares of the semiconductor provider’s stock worth $3,998,000 after buying an additional 7,845 shares in the last quarter.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Cavium from a “hold” rating to a “sell” rating in a research report on Friday, October 16th. Roth Capital reiterated a “buy” rating on shares of Cavium in a research report on Friday, October 23rd. Oppenheimer reiterated an “outperform” rating and issued a $72.00 price objective on shares of Cavium in a research report on Monday, October 26th. Stifel Nicolaus lowered Cavium from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Thursday, October 29th. Finally, Needham & Company LLC decreased their price objective on Cavium from $83.00 to $80.00 and set a “buy” rating for the company in a research 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 given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $69.89.

Cavium (NASDAQ:CAVM) opened at 54.04 on Thursday. The firm’s market cap is $3.02 billion. Cavium has a one year low of $52.31 and a one year high of $77.42. The firm’s 50-day moving average price is $60.84 and its 200 day moving average price is $65.97.

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

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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