Mellanox Technologies, Ltd. (NASDAQ:MLNX) Director Glenda Dorchak sold 8,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $50.00, for a total transaction of $400,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Mellanox Technologies, Ltd. (NASDAQ MLNX) opened at $48.80 on Wednesday. The company has a market cap of $2,500.60, a PE ratio of 52.23, a price-to-earnings-growth ratio of 3.39 and a beta of 0.54. The company has a quick ratio of 2.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.17. Mellanox Technologies, Ltd. has a 1-year low of $38.75 and a 1-year high of $52.79.
Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. The company had revenue of $225.70 million during the quarter, compared to the consensus estimate of $226.74 million. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. Mellanox Technologies’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. equities research analysts expect that Mellanox Technologies, Ltd. will post 0.83 earnings per share for the current year.
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Several equities research analysts have recently issued reports on MLNX shares. Barclays PLC lowered shares of Mellanox Technologies from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $50.00 to $48.00 in a research note on Monday, October 9th. Jefferies Group LLC restated a “sell” rating and set a $38.00 price target on shares of Mellanox Technologies in a research report on Sunday, September 10th. Benchmark Co. assumed coverage on shares of Mellanox Technologies in a research report on Tuesday, August 29th. They set a “buy” rating and a $60.00 price target for the company. BidaskClub downgraded shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $47.00 price target on shares of Mellanox Technologies in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.00.
A number of hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its holdings in Mellanox Technologies by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock valued at $194,000 after acquiring an additional 199 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Mellanox Technologies by 4.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 21,011 shares of the semiconductor producer’s stock valued at $910,000 after acquiring an additional 917 shares during the last quarter. Swiss National Bank raised its holdings in Mellanox Technologies by 2.2% in the 2nd quarter. Swiss National Bank now owns 73,821 shares of the semiconductor producer’s stock valued at $3,196,000 after acquiring an additional 1,600 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Mellanox Technologies in the 2nd quarter valued at about $106,000. Finally, State Street Corp raised its holdings in Mellanox Technologies by 5.3% in the 2nd quarter. State Street Corp now owns 53,753 shares of the semiconductor producer’s stock valued at $2,329,000 after acquiring an additional 2,725 shares during the last quarter. Institutional investors own 59.41% of the company’s stock.
Mellanox Technologies Company Profile
Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems.
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