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Mellanox Technologies (NASDAQ:MLNX) Director Glenda Dorchak sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $41.23, for a total value of $82,460.00. Following the transaction, the director now directly owns 13,000 shares in the company, valued at approximately $535,990. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Mellanox Technologies (NASDAQ:MLNX) traded up 1.53% on Wednesday, hitting $42.47. The stock had a trading volume of 397,610 shares. Mellanox Technologies has a 52 week low of $30.58 and a 52 week high of $46.04. The stock’s 50-day moving average is $40.05 and its 200-day moving average is $36.99. The company’s market cap is $1.909 billion.

Mellanox Technologies (NASDAQ:MLNX) last announced its earnings results 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 last year, the company posted $0.30 earnings per share. Mellanox Technologies’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that Mellanox Technologies will post $0.88 EPS for the current fiscal year.

Several analysts have recently commented on the stock. 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $48.17.

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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