Mellanox Technologies Receives New Coverage from Analysts at Macquarie (MLNX)
Macquarie began coverage on shares of Mellanox Technologies (NASDAQ:MLNX) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on MLNX. Analysts at Maxim Group upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 9th. They now have a $45.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Mellanox Technologies in a research note to investors on Thursday, December 5th. They set a “hold” rating and a $40.00 price target on the stock. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Mellanox Technologies in a research note to investors on Tuesday, November 26th. They now have a $57.00 price target on the stock, down previously from $61.00. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Mellanox Technologies currently has an average rating of “Hold” and an average price target of $49.02.
Mellanox Technologies (NASDAQ:MLNX) traded up 5.07% on Tuesday, hitting $40.65. The stock had a trading volume of 1,011,071 shares. Mellanox Technologies has a one year low of $32.35 and a one year high of $65.77. The stock’s 50-day moving average is $38.88 and its 200-day moving average is $40.36. The company has a market cap of $1.780 billion and a price-to-earnings ratio of 586.21.
Mellanox Technologies, Ltd. (NASDAQ:MLNX) is a fabless semiconductor company that produces and supplies interconnect products that facilitate data transmission between servers, storage systems and communications infrastructure equipment and other embedded systems.
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