Mellanox Technologies, Ltd. (MLNX) Director Sells $990,000.00 in Stock

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Director Dov Baharav sold 20,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $49.50, for a total value of $990,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) traded up $1.00 during midday trading on Monday, reaching $51.05. 723,038 shares of the company traded hands, compared to its average volume of 574,134. Mellanox Technologies, Ltd. has a twelve month low of $38.75 and a twelve month high of $52.79. The company has a market cap of $2,550.00, a PE ratio of 53.24, a price-to-earnings-growth ratio of 3.46 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.78 and a current ratio of 3.12.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The business had revenue of $225.70 million for the quarter, compared to analysts’ expectations of $226.74 million. During the same quarter last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. equities analysts predict that Mellanox Technologies, Ltd. will post 0.83 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in MLNX. Capital Research Global Investors lifted its position in Mellanox Technologies by 29.8% in the 2nd quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock valued at $92,650,000 after acquiring an additional 490,726 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its position in Mellanox Technologies by 36.2% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock valued at $86,478,000 after acquiring an additional 487,000 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Mellanox Technologies by 43.8% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,029,646 shares of the semiconductor producer’s stock valued at $44,584,000 after acquiring an additional 313,573 shares in the last quarter. Janus Henderson Group PLC bought a new position in Mellanox Technologies in the 2nd quarter valued at about $12,617,000. Finally, Senvest Management LLC lifted its position in Mellanox Technologies by 27.5% in the 3rd quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock valued at $51,257,000 after acquiring an additional 234,424 shares in the last quarter. 59.72% of the stock is currently owned by institutional investors and hedge funds.

MLNX has been the subject of several research reports. BidaskClub upgraded Mellanox Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Benchmark Co. initiated coverage on Mellanox Technologies in a research note on Tuesday, August 29th. They issued a “buy” rating and a $60.00 target price for the company. Jefferies Group LLC restated a “sell” rating and issued a $38.00 target price on shares of Mellanox Technologies in a research note on Sunday, September 10th. TheStreet downgraded Mellanox Technologies from a “b-” rating to a “c” rating in a research note on Friday, August 11th. Finally, KeyCorp restated a “hold” rating on shares of Mellanox Technologies in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Mellanox Technologies presently has a consensus rating of “Hold” and an average target price of $51.00.

About Mellanox Technologies

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.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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