Mellanox Technologies, Ltd. (MLNX) VP Marc Sultzbaugh Sells 5,000 Shares

Mellanox Technologies, Ltd. (NASDAQ:MLNX) VP Marc Sultzbaugh sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $55.40, for a total value of $277,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Marc Sultzbaugh also recently made the following trade(s):

  • On Wednesday, November 8th, Marc Sultzbaugh sold 5,000 shares of Mellanox Technologies stock. The stock was sold at an average price of $49.00, for a total value of $245,000.00.

Shares of Mellanox Technologies, Ltd. (MLNX) traded up $1.20 during trading on Friday, reaching $58.30. The company had a trading volume of 340,029 shares, compared to its average volume of 586,675. Mellanox Technologies, Ltd. has a 52 week low of $38.75 and a 52 week high of $58.60. The company has a market capitalization of $2,908.04, a price-to-earnings ratio of 60.74, a PEG ratio of 3.95 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 posted its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. The business had revenue of $225.70 million during the quarter, compared to analyst estimates of $226.74 million. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. sell-side analysts predict that Mellanox Technologies, Ltd. will post 0.83 earnings per share for the current year.

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A number of research firms have recently weighed in on MLNX. DA Davidson upped their price objective on Mellanox Technologies from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays PLC lowered Mellanox Technologies from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $50.00 to $48.00 in a research note on Monday, October 9th. BidaskClub raised Mellanox Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Mellanox Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Mellanox Technologies in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $52.80.

Several large investors have recently bought and sold shares of MLNX. Chicago Partners Investment Group LLC bought a new stake in shares of Mellanox Technologies in the 2nd quarter valued at approximately $106,000. SG Americas Securities LLC bought a new stake in shares of Mellanox Technologies in the 2nd quarter valued at approximately $122,000. Legal & General Group Plc lifted its stake in shares of 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 purchasing an additional 199 shares during the last quarter. Juncture Wealth Strategies LLC bought a new stake in shares of Mellanox Technologies in the 3rd quarter valued at approximately $222,000. Finally, Harbour Capital Advisors LLC lifted its stake in shares of Mellanox Technologies by 4,230.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 9,743 shares of the semiconductor producer’s stock valued at $225,000 after purchasing an additional 9,518 shares during the last quarter. 59.72% of the stock is owned by institutional investors and hedge funds.

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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