Cavium (CAVM) : Traders are bullish on Cavium (CAVM) as it has outperformed the S&P 500 by a wide margin of 24.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.76% in the last 1 week, and is up 25.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 12.84% and the 50-Day Moving Average is 18.62%. Cavium (NASDAQ:CAVM): stock turned positive on Friday. Though the stock opened at $50.6, the bulls momentum made the stock top out at $51.83 level for the day. The stock recorded a low of $50.01 and closed the trading day at $51.76, in the green by 2.50%. The total traded volume for the day was 1,410,841. The stock had closed at $50.5 in the previous days trading.
The company Insiders own 4.63% of Cavium shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -9.48%. Also, Equity Analysts at the Barclays maintains the rating on Cavium (NASDAQ:CAVM). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $54 per share to $60 per share. The rating by the firm was issued on August 5, 2016.
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 Companys products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Companys 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 (PCI Express). 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.