Mellanox Technologies, Ltd. (MLNX) CEO Eyal Waldman Sells 1,975 Shares

Mellanox Technologies, Ltd. (NASDAQ:MLNX) CEO Eyal Waldman sold 1,975 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $65.23, for a total value of $128,829.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Eyal Waldman also recently made the following trade(s):

  • On Saturday, December 29th, Eyal Waldman sold 2,500 shares of Mellanox Technologies stock. The shares were sold at an average price of $64.80, for a total value of $162,000.00.
  • On Friday, December 29th, Eyal Waldman sold 5,000 shares of Mellanox Technologies stock. The shares were sold at an average price of $64.90, for a total value of $324,500.00.
  • On Friday, December 1st, Eyal Waldman sold 12,500 shares of Mellanox Technologies stock. The shares were sold at an average price of $59.49, for a total value of $743,625.00.
  • On Tuesday, November 21st, Eyal Waldman sold 2,500 shares of Mellanox Technologies stock. The shares were sold at an average price of $55.40, for a total value of $138,500.00.
  • On Wednesday, November 8th, Eyal Waldman sold 121,772 shares of Mellanox Technologies stock. The shares were sold at an average price of $50.00, for a total value of $6,088,600.00.

Shares of Mellanox Technologies, Ltd. (NASDAQ MLNX) traded down $1.70 on Monday, hitting $61.95. The stock had a trading volume of 597,256 shares, compared to its average volume of 699,498. The firm has a market cap of $3,240.00, a price-to-earnings ratio of -158.85, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71. The company has a current ratio of 3.12, a quick ratio of 2.78 and a debt-to-equity ratio of 0.17. Mellanox Technologies, Ltd. has a one year low of $41.55 and a one year high of $69.00.

Mellanox Technologies (NASDAQ:MLNX) last issued its earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.68 by $0.14. The company had revenue of $237.60 million during the quarter, compared to analyst estimates of $235.43 million. Mellanox Technologies had a positive return on equity of 4.81% and a negative net margin of 2.25%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. sell-side analysts forecast that Mellanox Technologies, Ltd. will post 1.95 EPS for the current year.

MLNX has been the subject of a number of recent analyst reports. Barclays lowered Mellanox Technologies from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $50.00 to $48.00 in a research note on Monday, October 9th. KeyCorp restated a “hold” rating on shares of Mellanox Technologies in a research note on Tuesday, October 17th. JPMorgan Chase & Co. lowered Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Stifel Nicolaus lowered their price objective on Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Finally, Zacks Investment Research upgraded Mellanox Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.45.

Several institutional investors and hedge funds have recently modified their holdings of the company. Menora Mivtachim Holdings LTD. grew its position in shares of 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 worth $86,478,000 after acquiring an additional 487,000 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Mellanox Technologies by 15.2% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,185,765 shares of the semiconductor producer’s stock worth $55,909,000 after acquiring an additional 156,119 shares in the last quarter. Senvest Management LLC grew its position in shares of Mellanox Technologies by 27.5% in the 3rd quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock worth $51,257,000 after acquiring an additional 234,424 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Mellanox Technologies by 9.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 947,429 shares of the semiconductor producer’s stock worth $44,671,000 after acquiring an additional 81,664 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of Mellanox Technologies in the 2nd quarter worth approximately $12,617,000. Institutional investors own 60.74% of the company’s stock.

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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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