Needham & Company Upgrades Cavium Networks (CAVM) to Buy
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June 8, 2015 9:22 AM EDT
Canaccord Genuity reiterates a Buy rating on Cavium Networks (NASDAQ: CAVM), and raised the price target to $89.00 (from $77.00), after meeting with CEO Syed Ali. Cavium announced several design wins with leading ODMs and OEMs. Analyst Matthew Ramsay anticipates continued strong sales growth.
Ramsay commented, "We met with Cavium... More
June 4, 2015 7:40 AM EDT
FBR Capital analyst Christopher Rolland commented on the state of M&A in the semiconductor space. Rolland notes if we continue at the pace of consolidation set thus far this year, 32% of all U.S. publically traded semiconductor companies will be acquired in 2015. He said while this rate run-rate is likely not sustainable they above-average rates of consolidation for the remainder of this cycle.
Rolland highlighted a number of potential targets in the wave of consolidation:
Top takeout candidate No. 1, Atmel (NASDAQ: ATML) (OP, $10 price target), remains our... More
