Mellanox Technologies, Ltd. (NASDAQ:MLNX) CFO Yakov (Jacob) Shulman sold 2,706 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $46.32, for a total value of $125,341.92. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Mellanox Technologies, Ltd. (NASDAQ MLNX) opened at $49.10 on Monday. Mellanox Technologies, Ltd. has a twelve month low of $38.75 and a twelve month high of $52.79. The firm has a market capitalization of $2,500.60, a price-to-earnings ratio of 52.23, a price-to-earnings-growth ratio of 3.40 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 (NASDAQ:MLNX) last announced its quarterly earnings results 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. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The company had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $226.74 million. During the same period in the prior year, the company earned $0.93 EPS. Mellanox Technologies’s revenue was up .7% compared to the same quarter last year. equities research analysts expect that Mellanox Technologies, Ltd. will post 0.83 earnings per share for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in MLNX. Chicago Partners Investment Group LLC bought a new position in shares of Mellanox Technologies in the 2nd quarter valued at $106,000. SG Americas Securities LLC bought a new position in shares of Mellanox Technologies in the 2nd quarter valued at $122,000. Oppenheimer Asset Management Inc. bought a new position in shares of Mellanox Technologies in the 1st quarter valued at $186,000. 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 acquiring an additional 199 shares during the last quarter. Finally, Juncture Wealth Strategies LLC bought a new position in shares of Mellanox Technologies in the 3rd quarter valued at $222,000. Institutional investors own 59.41% of the company’s stock.
MLNX has been the topic of a number of analyst reports. Barclays PLC downgraded Mellanox Technologies from an “overweight” rating to an “underweight” rating and reduced their price target for the stock from $50.00 to $48.00 in a research report on Monday, October 9th. Jefferies Group LLC reissued 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. initiated coverage on Mellanox Technologies in a research report on Tuesday, August 29th. They set a “buy” rating and a $60.00 price target on the stock. BidaskClub downgraded Mellanox Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $47.00 price target on shares of Mellanox Technologies in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.00.
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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