NEW YORK ( TheStreet) -- Cavium Inc (Nasdaq: CAVM) hit a new 52-week low Tuesday as it is currently trading at $24.33, below its previous 52-week low of $25.09 with 415,989 shares traded as of 10:05 a.m. ET. Average volume has been 1.7 million shares over the past 30 days. Cavium has a market cap of $1.3 billion and is part of the technology sector and electronics industry. Shares are down 33% year to date as of the close of trading on Monday. Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. The company has a P/E ratio of 29.2, below the average electronics industry P/E ratio of 30.3 and above the S&P 500 P/E ratio of 17.7.
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