Longer Investments Inc. Buys 2608 Shares of Broadcom Ltd (AVGO)

Broadcom logo Longer Investments Inc. boosted its stake in shares of Broadcom Ltd (NASDAQ:AVGO) by 38.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,341 shares of the semiconductor …

Broadcom logoLonger Investments Inc. boosted its stake in shares of Broadcom Ltd (NASDAQ:AVGO) by 38.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,341 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,608 shares during the period. Broadcom accounts for about 2.0% of Longer Investments Inc.’s portfolio, making the stock its 23rd biggest position. Longer Investments Inc.’s holdings in Broadcom were worth $2,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. AllSquare Wealth Management LLC bought a new position in Broadcom during the 3rd quarter worth $113,000. Mountain Capital Investment Advisors Inc bought a new position in Broadcom during the 2nd quarter worth $113,000. Tower Research Capital LLC TRC increased its stake in Broadcom by 473.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock worth $134,000 after acquiring an additional 473 shares during the period. Carroll Financial Associates Inc. increased its stake in Broadcom by 59.0% during the 3rd quarter. Carroll Financial Associates Inc. now owns 593 shares of the semiconductor manufacturer’s stock worth $144,000 after acquiring an additional 220 shares during the period. Finally, FNY Partners Fund LP bought a new position in Broadcom during the 4th quarter worth $154,000. Hedge funds and other institutional investors own 88.53% of the company’s stock.

A number of equities research analysts have weighed in on the company. Vetr raised Broadcom from a “buy” rating to a “strong-buy” rating and set a $263.97 target price on the stock in a report on Tuesday, September 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $290.00 target price on shares of Broadcom in a report on Saturday, September 30th. Bank of America reaffirmed a “buy” rating and issued a $300.00 target price on shares of Broadcom in a report on Friday, October 6th. Mizuho reaffirmed a “buy” rating and issued a $290.00 target price on shares of Broadcom in a report on Sunday, October 8th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $285.00 target price on shares of Broadcom in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $302.66.

Broadcom Ltd (NASDAQ AVGO) traded up $0.79 during midday trading on Wednesday, hitting $262.90. The company had a trading volume of 3,539,800 shares, compared to its average volume of 2,813,320. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.68 and a current ratio of 6.26. Broadcom Ltd has a 12 month low of $192.28 and a 12 month high of $285.68. The firm has a market cap of $104,790.00, a P/E ratio of 66.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.52 by $0.07. Broadcom had a return on equity of 28.64% and a net margin of 10.18%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter last year, the business posted $3.47 EPS. Broadcom’s revenue for the quarter was up 17.1% on a year-over-year basis. equities research analysts anticipate that Broadcom Ltd will post 16.99 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were given a dividend of $1.75 per share. This is a positive change from Broadcom’s previous quarterly dividend of $1.02. This represents a $7.00 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, December 18th. Broadcom’s dividend payout ratio (DPR) is currently 178.12%.

In related news, SVP Bryan Ingram sold 794 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $258.60, for a total transaction of $205,328.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Hock E. Tan sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $260.03, for a total value of $5,200,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,674 shares of company stock valued at $22,659,390. 3.60% of the stock is owned by corporate insiders.

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About Broadcom

Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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Chip Stocks Q4 Earnings: Intel Sets The Tone For AMD, Nvidia

Among chip stocks, Intel Corporation (NASDAQ: INTC), Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA) lead the way. Intel suffered a setback in early January when it was reported that its x86-based processor chips harbored a fundamental flaw, necessitating a …

The number of companies reporting above-consensus earnings this season trails the one-year and five-year averages, according to Factset’s Earnings Insight report for the week ended Jan. 19.

That said, the IT sector is reporting the third highest year-over-year earnings growth among the 11 sector classes. Semiconductor and semiconductor equipment companies are projected to report commendable 37-percent earnings growth.

This data should come as a welcome relief for traders who were unnerved by the huge losses or sharp declines in earnings reported by the financial sector.

Among chip stocks, Intel Corporation (NASDAQ: INTC), Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA) lead the way.

Intel suffered a setback in early January when it was reported that its x86-based processor chips harbored a fundamental flaw, necessitating a revamp of the Linux and Windows kernels.

Intel is scheduled to report its financial results after the market close Jan. 25.

AMD will roll out its results after the close Jan. 30.

Nvidia’s Q4 results are due after the market close Feb. 7.

Related Link: Analysts Weigh In On Intel’s Security Issues

End Market Trends Stable

PC shipments rose by mid-single digits sequentially in the fourth quarter. This is in-line to slightly better than the flat-to-slight sequential decline expected by analysts.

Original design manufacturer notebook shipments were flat compared to the previous quarter, in line with normal seasonality, Bernstein’s Stacy Rasgon said in a note. Overall PC shipments were a bit better than expected.

Consensus Q4 2017 Forecasts

Intel

  • EPS: 87 cents vs. 79 cents last year
  • Revenue: $16.34 billion vs. last year’s $16.37 billion

AMD

  • EPS: 5 cents vs. a loss of 1 cent last year
  • Revenue: $1.4 billion vs. last year’s $1.11 billion

Nvidia

  • EPS: $1.16 vs. $1.26 last year
  • Revenue: $2.67 billion vs. $2.17 billion

Intel Has Near-Term Support; Bear Case A Waiting Game

Rasgon said he expects Intel’s results to be in-line to slightly above-consensus. Intel’s 2018 first quarter and fiscal 2018 results will likely trail expectations, although the analyst sees some upside risk to his forward revenue estimate, he said.

Structural cracks below the surface are expected to intensify, with 2018 gross margins and capex facing risk from increased competition, missing-in-action 10 nm, tepid datacenter growth, elevated working capital levels, new potential security headwinds and a massive CEO stock sale, according to Bernstein.

The structural bear case bubbling below the surface will become increasingly apparent over the next few quarters, Rasgon said. The stock could be pricing in some of the near-term support, the analyst said.

“So while the bear case may be a bit of a waiting game for the moment, we remain inclined to wait it out.”

Related Link: Game On: Intel Is Targeting Nvidia And AMD’s Market Share

Street Looks For Inflection At AMD

Upside to AMD’s Q4 revenues is likely given the craze around cryptocurrencies, Rasgon said in the earnings preview note.

Bernstein said it’s roughly in-line with the consensus expectations for AMD’s Q4, but slightly above-consensus for the first quarter. Bernstein’s projections for AMD in Q4 are roughly in line with the consensus, Rasgon said.

The inflection point that could suggest AMD’s new products are gaining traction and ramping has proved elusive, the analyst said. AMD’s 2018 guidance will be critical — especially the outlook for gross margins, according to Bernstein.

“We have mellowed on the stock but continue to carry a bit too much baggage to make the required leap of faith on it for now,” Rasgon said.

Intel shares are down 0.22 percent for the year-to-date period. AMD and Nvidia shares are up about 26 percent and 23.5 percent, respectively, for the same period.

Latest Ratings for INTC

Date Firm Action From To
Nov 2017 Canaccord Genuity Maintains Hold
Nov 2017 Barclays Maintains Overweight
Oct 2017 BMO Capital Upgrades Market Perform Outperform

View More Analyst Ratings for INTC

View the Latest Analyst Ratings

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Field & Main Bank Takes Position in Broadcom Ltd (AVGO)

Broadcom logo Field & Main Bank purchased a new position in Broadcom Ltd (NASDAQ:AVGO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,115 shares of the semiconductor …

Broadcom logoField & Main Bank purchased a new position in Broadcom Ltd (NASDAQ:AVGO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,115 shares of the semiconductor manufacturer’s stock, valued at approximately $2,342,000. Broadcom makes up 2.2% of Field & Main Bank’s holdings, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Peapack Gladstone Financial Corp grew its position in shares of Broadcom by 0.5% during the second quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock worth $503,000 after purchasing an additional 10 shares in the last quarter. Intellectus Partners LLC grew its position in shares of Broadcom by 6.0% during the second quarter. Intellectus Partners LLC now owns 1,681 shares of the semiconductor manufacturer’s stock worth $392,000 after purchasing an additional 95 shares in the last quarter. Balentine LLC grew its position in shares of Broadcom by 21.9% during the second quarter. Balentine LLC now owns 635 shares of the semiconductor manufacturer’s stock worth $148,000 after purchasing an additional 114 shares in the last quarter. Zacks Investment Management grew its position in shares of Broadcom by 13.7% during the second quarter. Zacks Investment Management now owns 1,187 shares of the semiconductor manufacturer’s stock worth $277,000 after purchasing an additional 143 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of Broadcom by 6.3% during the second quarter. Coldstream Capital Management Inc. now owns 2,608 shares of the semiconductor manufacturer’s stock worth $608,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 88.53% of the company’s stock.

In related news, insider Hock E. Tan sold 20,789 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $259.85, for a total transaction of $5,402,021.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan Ingram sold 794 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $258.60, for a total value of $205,328.40. The disclosure for this sale can be found here. Insiders sold a total of 86,674 shares of company stock valued at $22,659,390 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Broadcom Ltd (AVGO) traded up $0.79 during trading hours on Wednesday, hitting $262.90. The stock had a trading volume of 3,539,800 shares, compared to its average volume of 2,813,320. The company has a market cap of $104,940.00, a price-to-earnings ratio of 66.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. Broadcom Ltd has a 1-year low of $192.28 and a 1-year high of $285.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 6.26 and a quick ratio of 5.68.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.52 by $0.07. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.84 billion. Broadcom had a return on equity of 28.64% and a net margin of 10.18%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the company earned $3.47 EPS. analysts expect that Broadcom Ltd will post 16.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 2.66%. This is a positive change from Broadcom’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, December 18th. Broadcom’s dividend payout ratio (DPR) is presently 178.12%.

Several analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $290.00 target price on shares of Broadcom in a research report on Saturday, September 30th. Vetr upgraded Broadcom from a “buy” rating to a “strong-buy” rating and set a $263.97 target price for the company in a research report on Tuesday, September 26th. Credit Suisse Group reiterated a “buy” rating on shares of Broadcom in a research report on Tuesday. Royal Bank of Canada reiterated a “top pick” rating and set a $285.00 target price on shares of Broadcom in a research report on Wednesday, October 11th. Finally, Jefferies Group set a $286.00 price target on Broadcom and gave the company a “buy” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $302.66.

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Broadcom Company Profile

Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Want to see what other hedge funds are holding AVGO?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Ltd (NASDAQ:AVGO).

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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Stralem & Co. Inc. Sells 17100 Shares of Broadcom Ltd (AVGO)

Broadcom logo Stralem & Co. Inc. trimmed its holdings in shares of Broadcom Ltd (NASDAQ:AVGO) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,520 shares of the semiconductor manufacturer’s …

Broadcom logoStralem & Co. Inc. trimmed its holdings in shares of Broadcom Ltd (NASDAQ:AVGO) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,520 shares of the semiconductor manufacturer’s stock after selling 17,100 shares during the period. Broadcom comprises 2.9% of Stralem & Co. Inc.’s holdings, making the stock its 22nd largest position. Stralem & Co. Inc.’s holdings in Broadcom were worth $17,346,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Mountain Capital Investment Advisors Inc bought a new position in Broadcom in the second quarter valued at approximately $113,000. AllSquare Wealth Management LLC bought a new position in Broadcom in the third quarter valued at approximately $113,000. Tower Research Capital LLC TRC increased its stake in Broadcom by 473.0% in the second quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock valued at $134,000 after acquiring an additional 473 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in Broadcom by 59.0% in the third quarter. Carroll Financial Associates Inc. now owns 593 shares of the semiconductor manufacturer’s stock valued at $144,000 after acquiring an additional 220 shares during the last quarter. Finally, Balentine LLC increased its stake in Broadcom by 21.9% in the second quarter. Balentine LLC now owns 635 shares of the semiconductor manufacturer’s stock valued at $148,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 88.53% of the company’s stock.

A number of equities analysts have recently commented on the stock. Credit Suisse Group reiterated a “buy” rating on shares of Broadcom in a report on Tuesday. Jefferies Group set a $286.00 price target on shares of Broadcom and gave the stock a “buy” rating in a report on Wednesday, October 18th. B. Riley restated a “buy” rating and issued a $315.00 target price on shares of Broadcom in a report on Monday, November 20th. Susquehanna Bancshares boosted their target price on shares of Broadcom from $300.00 to $325.00 and gave the company a “positive” rating in a report on Wednesday, December 6th. Finally, Vetr lowered shares of Broadcom from a “strong-buy” rating to a “buy” rating and set a $295.91 target price on the stock. in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $302.66.

Shares of Broadcom Ltd (NASDAQ:AVGO) traded up $0.79 during trading hours on Wednesday, hitting $262.90. 3,539,800 shares of the stock were exchanged, compared to its average volume of 2,813,320. The company has a market cap of $104,940.00, a price-to-earnings ratio of 66.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. Broadcom Ltd has a 1 year low of $192.28 and a 1 year high of $285.68. The company has a quick ratio of 5.68, a current ratio of 6.26 and a debt-to-equity ratio of 0.75.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 EPS for the quarter, topping the Zacks’ consensus estimate of $4.52 by $0.07. Broadcom had a net margin of 10.18% and a return on equity of 28.64%. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the prior year, the firm earned $3.47 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. research analysts forecast that Broadcom Ltd will post 16.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were issued a dividend of $1.75 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $7.00 annualized dividend and a dividend yield of 2.66%. This is a positive change from Broadcom’s previous quarterly dividend of $1.02. Broadcom’s dividend payout ratio (DPR) is currently 178.12%.

In other Broadcom news, CFO Thomas H. Krause sold 2,595 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $267.34, for a total transaction of $693,747.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $260.03, for a total transaction of $5,200,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,674 shares of company stock worth $22,659,390. 3.60% of the stock is owned by insiders.

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About Broadcom

Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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Cavium INC (CAVM) Market Valuation Rose While Raging Capital Management LLC Has …

Frontier Limited Liability has 820,499 shares. Pnc Services Grp Inc has 0% invested in Cavium, Inc. (NASDAQ:CAVM) for 5,599 shares. Millennium Management Ltd reported 366,012 shares stake. Nj State Employees Deferred Compensation Plan stated it has 15,000 shares or 0.18% of all its holdings.

January 24, 2018 – By Marguerite Chambers

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.13, from 1.11 in 2017Q2. It dropped, as 45 investors sold CAVM shares while 65 reduced holdings. 31 funds opened positions while 77 raised stakes. 67.55 million shares or 0.96% more from 66.91 million shares in 2017Q2 were reported. Loring Wolcott Coolidge Fiduciary Advisors Ltd Liability Partnership Ma owns 17 shares or 0% of their US portfolio. Profund Advsr Ltd Liability Com stated it has 12,795 shares or 0.04% of all its holdings. Grp Inc One Trading LP holds 0% or 222 shares. Legal And General Gru Public Limited Com holds 29,167 shares or 0% of its portfolio. Point72 Asset Limited Partnership has 135,000 shares. Price T Rowe Associate Md holds 2.06 million shares or 0.02% of its portfolio. Adage Cap Ptnrs Gp Ltd reported 1.05 million shares or 0.17% of all its holdings. California State Teachers Retirement, California-based fund reported 106,078 shares. 10,459 were reported by Congress Asset Mngmt Com Ma. Peak6 Invs Ltd Partnership invested in 19,743 shares. Paradigm Capital Mgmt New York reported 0.02% of its portfolio in Cavium, Inc. (NASDAQ:CAVM). Frontier Limited Liability has 820,499 shares. Pnc Services Grp Inc has 0% invested in Cavium, Inc. (NASDAQ:CAVM) for 5,599 shares. Millennium Management Ltd reported 366,012 shares stake. Nj State Employees Deferred Compensation Plan stated it has 15,000 shares or 0.18% of all its holdings.

Since August 17, 2017, it had 0 insider buys, and 1 insider sale for $1.24 million activity.

William C. Martin increased its stake in Cavium Inc (CAVM) by 835.9% based on its latest 2017Q3 regulatory filing with the SEC. Raging Capital Management Llc bought 336,811 shares as the company’s stock rose 6.47% with the market. The hedge fund run by William C. Martin held 377,104 shares of the technology company at the end of 2017Q3, valued at $24.87M, up from 40,293 at the end of the previous reported quarter. Raging Capital Management Llc who had been investing in Cavium Inc for a number of months, seems to be bullish on the $6.14B market cap company. The stock decreased 0.69% or $0.62 during the last trading session, reaching $88.8. About 799,257 shares traded. Cavium, Inc. (NASDAQ:CAVM) has risen 55.16% since January 24, 2017 and is uptrending. It has outperformed by 38.46% the S&P500.

Raging Capital Management Llc, which manages about $631.31 million and $643.69M US Long portfolio, decreased its stake in Pacific Biosciences Calif In (NASDAQ:PACB) by 710,937 shares to 4.42M shares, valued at $23.23 million in 2017Q3, according to the filing.

More important recent Cavium, Inc. (NASDAQ:CAVM) news were published by: Prnewswire.com which released: “Stock Review for Semiconductor’s Investors — Advanced Micro Devices, Broadcom …” on January 24, 2018, also Prnewswire.com published article titled: “Caviumâ„¢ FastLinQ® Enables Scalable Networking for HyperConverged Infrastructure”, Prnewswire.com published: “Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Cavium …” on January 22, 2018. More interesting news about Cavium, Inc. (NASDAQ:CAVM) was released by: Gurufocus.com and their article: “Omni Partners Llp Buys NXP Semiconductors NV, Cavium Inc, Calpine Corp, Sells …” with publication date: January 22, 2018.

Cavium, Inc. (NASDAQ:CAVM) Ratings Coverage

Among 24 analysts covering Cavium Networks Inc. (NASDAQ:CAVM), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. Cavium Networks Inc. had 68 analyst reports since July 31, 2015 according to SRatingsIntel. Topeka Capital Markets maintained it with “Hold” rating and $55 target in Thursday, April 28 report. Needham maintained Cavium, Inc. (NASDAQ:CAVM) rating on Thursday, November 2. Needham has “Buy” rating and $78.0 target. On Tuesday, July 18 the stock rating was upgraded by Barclays Capital to “Buy”. Roth Capital maintained the stock with “Buy” rating in Monday, October 30 report. The rating was upgraded by Bank of America on Thursday, February 16 to “Buy”. Morgan Stanley maintained the shares of CAVM in report on Thursday, April 28 with “Overweight” rating. The firm has “Buy” rating given on Thursday, October 29 by Needham. As per Friday, August 11, the company rating was maintained by Jefferies. Brean Capital initiated Cavium, Inc. (NASDAQ:CAVM) rating on Tuesday, May 3. Brean Capital has “Buy” rating and $67 target. As per Thursday, August 13, the company rating was maintained by Canaccord Genuity.

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