Cavium Sees Unusually Large Options Volume (CAVM)

Cavium, Inc. (NASDAQ:CAVM) was the recipient of some unusual options trading on Thursday. Investors bought 3,201 put options on the company. This is an increase of approximately Infinity compared to the average daily volume of 0 put options.

In other Cavium news, COO Muhammad Raghib Hussain sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.65% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Wesbanco Bank Inc. bought a new stake in Cavium during the second quarter worth $3,171,000. Prudential Financial Inc. raised its stake in shares of Cavium by 3.0% in the first quarter. Prudential Financial Inc. now owns 6,917 shares of the semiconductor provider’s stock valued at $496,000 after buying an additional 200 shares during the period. Fisher Asset Management LLC raised its stake in shares of Cavium by 23.5% in the third quarter. Fisher Asset Management LLC now owns 916,197 shares of the semiconductor provider’s stock valued at $60,414,000 after buying an additional 174,209 shares during the period. Comgest Global Investors S.A.S. raised its stake in shares of Cavium by 24.6% in the second quarter. Comgest Global Investors S.A.S. now owns 30,400 shares of the semiconductor provider’s stock valued at $1,889,000 after buying an additional 6,000 shares during the period. Finally, Neuberger Berman Group LLC bought a new stake in shares of Cavium in the second quarter valued at $11,805,000. Institutional investors and hedge funds own 98.70% of the company’s stock.

Shares of Cavium (CAVM) opened at $68.27 on Friday. The company has a market capitalization of $4,694.25, a price-to-earnings ratio of 63.21, a P/E/G ratio of 2.52 and a beta of 1.27. Cavium has a fifty-two week low of $50.81 and a fifty-two week high of $76.26. The company has a current ratio of 2.71, a quick ratio of 2.10 and a debt-to-equity ratio of 0.84.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $251.99 million for the quarter, compared to analyst estimates of $250.16 million. Cavium had a positive return on equity of 11.24% and a negative net margin of 19.94%. Cavium’s quarterly revenue was up 49.9% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. analysts anticipate that Cavium will post 1.3 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. Jefferies Group LLC set a $79.00 price objective on Cavium and gave the company a “buy” rating in a research note on Thursday, October 19th. Canaccord Genuity raised their price objective on Cavium from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday. Morgan Stanley reduced their price objective on Cavium from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $78.00 price objective on shares of Cavium in a research note on Thursday. Finally, Loop Capital reissued a “buy” rating and issued a $81.00 price objective on shares of Cavium in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $78.00.

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About Cavium

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’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.

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