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Shares of Mellanox Technologies (NASDAQ:MLNX) have received an average recommendation of “Buy” from the twelve analysts that are presently covering the stock, Analyst RN reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $48.17.

Shares of Mellanox Technologies (NASDAQ:MLNX) traded up 0.61% on Tuesday, hitting $41.34. 14,375 shares of the company’s stock traded hands. Mellanox Technologies has a one year low of $30.58 and a one year high of $46.04. The stock has a 50-day moving average of $39.79 and a 200-day moving average of $36.90. The company’s market cap is $1.858 billion.

Mellanox Technologies (NASDAQ:MLNX) last released its earnings data on Thursday, July 24th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $102.60 million for the quarter, compared to the consensus estimate of $102.64 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Mellanox Technologies will post $0.88 EPS for the current fiscal year.

MLNX has been the subject of a number of recent research reports. Analysts at Barclays upgraded shares of Mellanox Technologies from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 4th. They now have a $45.00 price target on the stock, up previously from $36.00. Separately, analysts at Macquarie raised their price target on shares of Mellanox Technologies from $52.00 to $56.00 in a research note on Monday, July 28th. They now have an “outperform” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Mellanox Technologies from $38.00 to $42.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) is a fabless semiconductor company that produces and supplies high-performance interconnects products that facilitate efficient data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems.

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