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Shares of Mellanox Technologies (NASDAQ:MLNX) have received a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, American Banking News reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $45.95.

Shares of Mellanox Technologies (NASDAQ:MLNX) opened at 37.46 on Wednesday. Mellanox Technologies has a 1-year low of $30.58 and a 1-year high of $54.89. The stock has a 50-day moving average of $34.53 and a 200-day moving average of $36.61. The company’s market cap is $1.669 billion.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. The company had revenue of $98.70 million for the quarter, compared to the consensus estimate of $102.88 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts predict that Mellanox Technologies will post $0.80 earnings per share for the current fiscal year.

MLNX has been the subject of a number of recent research reports. Analysts at Jefferies Group upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $50.00 price target on the stock, up previously from $37.00.

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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