Trader Alert: Unusual Volume Spotted in Nicholas Financial, Inc. (NASDAQ:NICK)

"(NASDAQ:CAVM)" was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock.

CAVM has been the subject of a number of other research reports. Benchmark Co. boosted their target price on Cavium from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, November 2nd. MKM Partners reaffirmed a buy rating and set a $81.00 target price on shares of Cavium in a report on Wednesday, August 16th. Barclays PLC raised Cavium from an "equal weight" rating to an "overweight" rating in a report on Friday, July 21st. A rating of 4 or 5 would indicate a Sell. Analysts have also given a consensus recommendation on the stock of 2.00. It has been assigned a low target price of $8 and a high target price of $20.

Cavium, Inc. (NASDAQ:CAVM) shares ended at $68.27 with 1.14 mln shares exchanging hands. The fund owned 117,403 shares of the semiconductor provider's stock after selling 9,696 shares during the period. The company has a current ratio of 2.71, a quick ratio of 2.10 and a debt-to-equity ratio of 0.84. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. On the flip side, the stock is -1.97% away from the 52 week high.

Cavium, Inc. (NASDAQ:CAVM) stock is experiencing unusual volume during today's trading. The semiconductor provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.39 by $0.04. The business had revenue of $251.99 million during the quarter, compared to analyst estimates of $250.16 million.

As a percentage of revenue, GAAP income from operations was 0.19% in the third quarter of 2017 compared to GAAP operating loss of 2.5% in the second quarter of 2017. Over the past five trading sessions it is -1.36%; -1.23% for the month; 11.77% for the last quarter; -1.88% for the past six-months; and 30.51% for the last 12 months. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.65% of the company's stock.

Hedge funds have recently made changes to their positions in the company. First Trust Advisors LP bought a new stake in Cavium in the first quarter valued at approximately $274,000. Cavium, Inc. has a 52 week low of $50.81 and a 52 week high of $76.26. Prudential Financial Inc. now owns 6,917 shares of the semiconductor provider's stock valued at $496,000 after purchasing an additional 200 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Cavium by 6.9% in the first quarter. BlackRock Inc. increased its stake in shares of Cavium by 124.8% in the first quarter. Solaris Asset Management LLC now owns 2,295 shares of the semiconductor provider's stock worth $143,000 after purchasing an additional 695 shares during the period. Pacad Investment Ltd. now owns 3,700 shares of the semiconductor provider's stock worth $230,000 after purchasing an additional 1,100 shares during the period.

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