Can Cavium, Inc. (CAVM)’s Tomorrow be Different? The Stock Formed a Bullish Multiple Top Pattern

March 14, 2018 - By Maria Brooks

Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.13, from 1.11 in 2017Q2. It dropped, as 45 investors sold Cavium, Inc. 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.
Emerald Advisers Pa holds 1.04% or 387,445 shares. Thompson Invest Mngmt holds 8,825 shares or 0.11% of its portfolio. Walleye Trading Ltd Liability Corp holds 13,147 shares. 14,659 were accumulated by Barclays Plc. Adage Prns Group Ltd Com invested in 0.17% or 1.05M shares. Pnc Services Gru holds 0% or 5,599 shares in its portfolio. 33,006 were accumulated by Voya Inv Mgmt Limited Company. Bnp Paribas Asset Management Sa has 0.08% invested in Cavium, Inc. (NASDAQ:CAVM). Winfield Associates invested 0.38% of its portfolio in Cavium, Inc. (NASDAQ:CAVM). Teachers Retirement Systems Of The State Of Kentucky accumulated 97,251 shares. Northern Trust reported 0.01% stake. Axa holds 0.02% of its portfolio in Cavium, Inc. (NASDAQ:CAVM) for 53,000 shares. Atlantic Gru Lc invested in 12,660 shares or 0% of the stock. Advisory Rech holds 0.05% in Cavium, Inc. (NASDAQ:CAVM) or 48,551 shares. Reilly Fin Limited Liability Co has 52 shares.

Since February 16, 2018, it had 0 insider buys, and 8 selling transactions for $29.03 million activity. On Thursday, March 8 the insider Pangrazio Vincent P sold $1.87 million. 118,202 Cavium, Inc. (NASDAQ:CAVM) shares with value of $10.37 million were sold by CHADWICK ARTHUR D. THORNLEY ANTHONY S had sold 12,500 shares worth $1.11M on Tuesday, February 20. Jain Anil Kumar sold 16,059 shares worth $1.41 million. Another trade for 20,000 shares valued at $1.74M was made by Hussain Muhammad Raghib on Friday, February 16.

The stock of Cavium, Inc. (CAVM) shows a multiple tops pattern with $94.83 target or 9.00 % above today’s $87.00 share price. The 6 months chart pattern indicates low risk for the $6.08 billion company. It was reported on Mar, 14 by If the $94.83 price target is reached, the company will be worth $546.93M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.06% or $0.05 during the last trading session, reaching $87. About 311,559 shares traded. Cavium, Inc. (NASDAQ:CAVM) has risen 55.16% since March 14, 2017 and is uptrending. It has outperformed by 38.46% the S&P500.

Analysts await Cavium, Inc. (NASDAQ:CAVM) to report earnings on April, 25. They expect $0.36 earnings per share, up 80.00 % or $0.16 from last year’s $0.2 per share. CAVM’s profit will be $25.15 million for 60.42 P/E if the $0.36 EPS becomes a reality. After $0.57 actual earnings per share reported by Cavium, Inc. for the previous quarter, Wall Street now forecasts -36.84 % negative EPS growth.

Cavium, Inc. (NASDAQ:CAVM) Ratings Coverage

Among 24 analysts covering Cavium Networks Inc. (NASDAQ:CAVM), 10 have Buy rating, 1 Sell and 13 Hold. Therefore 42% are positive. Cavium Networks Inc. has $91.0 highest and $48 lowest target. $77.69’s average target is -10.70% below currents $87 stock price. Cavium Networks Inc. had 71 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, August 13, the company rating was maintained by Canaccord Genuity. JMP Securities downgraded Cavium, Inc. (NASDAQ:CAVM) on Monday, November 23 to “Underperform” rating. The rating was maintained by Brean Capital with “Buy” on Thursday, June 16. The stock of Cavium, Inc. (NASDAQ:CAVM) earned “Buy” rating by Jefferies on Thursday, September 14. The firm has “Buy” rating given on Tuesday, July 18 by Barclays Capital. Topeka Capital Markets maintained the shares of CAVM in report on Thursday, April 28 with “Hold” rating. The rating was maintained by Needham on Thursday, November 2 with “Buy”. The rating was maintained by Needham on Thursday, August 3 with “Buy”. The firm has “Hold” rating by Jefferies given on Thursday, June 1. On Thursday, August 3 the stock rating was maintained by Rosenblatt with “Hold”.

More notable recent Cavium, Inc. (NASDAQ:CAVM) news were published by: which released: “Cavium and Sprint Collaborate for NFV Testing on Packet’s Public Cloud” on February 26, 2018, also with their article: “Cavium Inc (CAVM) Pres., CEO, Chairman of board Syed Ali Sold $11.1 million of …” published on March 06, 2018, published: “Form SC 13G/A CAVIUM, INC. Filed by: FMR LLC” on March 12, 2018. More interesting news about Cavium, Inc. (NASDAQ:CAVM) were released by: and their article: “Form 425 CAVIUM, INC. Filed by: CAVIUM, INC.” published on March 07, 2018 as well as‘s news article titled: “Cavium, BT, Nokia and the Telecom Infra Project to Integrate OpenCellular Base …” with publication date: February 26, 2018.

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