Analysts expect Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report $210.25 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Mellanox Technologies’ earnings, with estimates ranging from $210.00 million to $211.25 million. Mellanox Technologies posted sales of $214.80 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, July 26th.

On average, analysts expect that Mellanox Technologies will report full year sales of $210.25 million for the current year, with estimates ranging from $863.70 million to $902.00 million. For the next year, analysts anticipate that the company will post sales of $1.01 billion per share, with estimates ranging from $980.00 million to $1.05 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings data on Wednesday, April 26th. The semiconductor producer reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.20. The business had revenue of $188.65 million for the quarter, compared to analyst estimates of $204.70 million. Mellanox Technologies had a return on equity of 8.12% and a net margin of 1.58%. Mellanox Technologies’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS.

A number of equities analysts have weighed in on the stock. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $38.00 target price on shares of Mellanox Technologies in a research note on Tuesday, June 20th. Credit Suisse Group downgraded shares of Mellanox Technologies from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $45.00 in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Mellanox Technologies from a “strong sell” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, April 5th. BidaskClub downgraded shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, Piper Jaffray Companies downgraded shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Mellanox Technologies presently has a consensus rating of “Hold” and a consensus price target of $52.50.

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In related news, VP Michael Kagan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $47.50, for a total transaction of $237,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Mellanox Technologies by 4.2% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,252,857 shares of the semiconductor producer’s stock worth $51,242,000 after buying an additional 50,000 shares in the last quarter. Norges Bank purchased a new position in shares of Mellanox Technologies during the fourth quarter worth about $13,983,000. Stifel Financial Corp boosted its position in shares of Mellanox Technologies by 1.0% in the first quarter. Stifel Financial Corp now owns 79,712 shares of the semiconductor producer’s stock worth $4,053,000 after buying an additional 758 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Mellanox Technologies during the first quarter worth about $22,861,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of Mellanox Technologies by 395.1% in the first quarter. Canada Pension Plan Investment Board now owns 26,315 shares of the semiconductor producer’s stock worth $1,341,000 after buying an additional 21,000 shares in the last quarter. Hedge funds and other institutional investors own 69.22% of the company’s stock.

Shares of Mellanox Technologies (NASDAQ MLNX) traded up 0.56% during midday trading on Wednesday, hitting $44.95. 394,154 shares of the company’s stock traded hands. Mellanox Technologies has a 1-year low of $38.75 and a 1-year high of $52.79. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 171.56 and a beta of 0.68. The company has a 50 day moving average price of $44.81 and a 200 day moving average price of $47.18.

About Mellanox Technologies

Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems.

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Earnings History and Estimates for Mellanox Technologies (NASDAQ:MLNX)

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