Shares of Cavium (NASDAQ:CAVM) saw an erosion of -1.1 points in recent session. During the trading, the value of each share was $45.74, dropping -2.35%. The shares saw high fund-flow as the composite value of all the upticks was $14 million and the total value of all the downticks was a mere $7.5 million. The net money flow was seen at $6.5 million and the up/down ratio was measured at 1.87. On a weekly basis the shares of the shares have recorded a change of -9.96%.The block trade which occurred today had $6.76 million in upticks and $0 million in downticks with the up/down ratio climbing to 0. $6.76 million was the net money flow of the block transaction.
Currently 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 -4.8%. On the companys insider trading activities,The officer (SVP,Gen. Counsel & Secretary) of Cavium, Inc., Pangrazio Vincent P sold 5,000 shares at $60 on March 1, 2016. The Insider selling transaction had a total value worth of $300,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Cavium (NASDAQ:CAVM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.02% at $45.73 with 1,163,296 shares getting traded. Post opening the session at $45.39, the shares hit an intraday low of $45.39 and an intraday high of $46.574 and the price was in this range throughout the day. The company has a market cap of $2,622 million and the number of outstanding shares have been calculated to be 57,335,146 shares. The 52-week high of Cavium (NASDAQ:CAVM) is $77.42 and the 52-week low is $44.71.
Many analysts have stated their opinion on the company shares. Barclays maintains their rating on the shares of Cavium (NASDAQ:CAVM). The current rating of the shares is Overweight. Equity Analysts at the Firm lowers the price target to $65 per share from $75 per share. The rating by the firm was issued on May 13, 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.