Cavium Inc Receives a New Rating from Top Analyst

By Ryan Adsit

Oppenheimer analyst Rick Schafer reiterated a Hold rating on Cavium Inc (NASDAQ: CAVM) yesterday. The company’s shares closed yesterday at $55.64.

According to, Schafer is a top 25 analyst with an average return of 14.6% and a 70.8% success rate. Schafer covers the Technology sector, focusing on stocks such as Adesto Technologies Corp, Advanced Micro Devices, and Applied Micro Circ.

Currently, the analyst consensus on Cavium Inc is Moderate Buy and the average price target is $63, representing a 13.2% upside.

In a report issued on November 1, Canaccord Genuity also reiterated a Hold rating on the stock with a $54 price target.

The company has a one year high of $71.98 and a one year low of $35.90. Currently, Cavium Inc has an average volume of 1.08M.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAVM in relation to earlier this year. Most recently, in August 2016, Arthur Chadwick, the VP Finance & Admin CFO of CAVM bought 20,000 shares for a total of $1,106,600.

Cavium, Inc. engages in providing integrated semiconductor processors that enable processing for networking, communications, storage, wireless, security, video and security applications. It also offers software compatible processors ranging in performance from 1Gbps to 100Gbp. The company supports the Enterprise network, data center and access and service provider; and Broadband and consumer markets. Cavium, Inc. was founded by Syed Basharat Ali and Muhammad Raghib Hussain in November 2000 and is headquartered in San Jose, CA.