Cavium Shares Spike After CNBC Mention as Takeover Target
February 20, 2013 at 13:21 PM EST
Shares of Cavium (NASDAQ: CAVM ) saw an intraday spike on Wednesday after an analyst at Nomura suggested on CNBC that the company could be a takeover target. In the early afternoon, shares were higher by just about 1.5 percent. Cavium is a semiconductor company involved in the smartphone