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Mellanox Technologies (NASDAQ:MLNX) VP Michael Kagan sold 2,400 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $42.50, for a total value of $102,000.00. Following the sale, the vice president now directly owns 155,720 shares of the company’s stock, valued at approximately $6,618,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on MLNX shares. 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $48.17.

Mellanox Technologies (NASDAQ:MLNX) traded up 0.74% on Friday, hitting $42.28. The stock had a trading volume of 39,930 shares. Mellanox Technologies has a 52-week low of $30.58 and a 52-week high of $46.04. The stock has a 50-day moving average of $40.43 and a 200-day moving average of $37.02. The company’s market cap is $1.901 billion.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly 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 previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Mellanox Technologies will post $0.88 earnings per share for the current fiscal year.

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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