A number of firms have modified their ratings and price targets on shares of Mellanox Technologies (NASDAQ: MLNX) recently:

  • 8/1/2017 – Mellanox Technologies was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/1/2017 – Mellanox Technologies was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “MELLANOX TECHNOLOGIES is a leading supplier of semiconductor-based, interconnect products to world-class server, storage, and infrastructure OEMs servicing Fortune 500 data centers, the world’s most powerful supercomputers, and mission critical embedded applications. The company’s Virtual Protocol Interconnect enables standard communication protocols to operate over any converged network (InfiniBand, Ethernet, Data Center Ethernet) with the same software solution. Utilizing proven networking, clustering, storage, virtualization and RDMA acceleration engines, VPI optimizes application performance, power consumption, workload agility, and total system efficiency while future-proofing IT infrastructure. “
  • 7/28/2017 – Mellanox Technologies had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $47.00 price target on the stock.
  • 7/27/2017 – Mellanox Technologies was given a new $45.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 7/27/2017 – Mellanox Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “MELLANOX TECHNOLOGIES is a leading supplier of semiconductor-based, interconnect products to world-class server, storage, and infrastructure OEMs servicing Fortune 500 data centers, the world’s most powerful supercomputers, and mission critical embedded applications. The company’s Virtual Protocol Interconnect enables standard communication protocols to operate over any converged network (InfiniBand, Ethernet, Data Center Ethernet) with the same software solution. Utilizing proven networking, clustering, storage, virtualization and RDMA acceleration engines, VPI optimizes application performance, power consumption, workload agility, and total system efficiency while future-proofing IT infrastructure. “
  • 7/27/2017 – Mellanox Technologies had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $50.00 price target on the stock, down previously from $54.00.
  • 7/25/2017 – Mellanox Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – Mellanox Technologies was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/29/2017 – Mellanox Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/28/2017 – Mellanox Technologies was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “MELLANOX TECHNOLOGIES is a leading supplier of semiconductor-based, interconnect products to world-class server, storage, and infrastructure OEMs servicing Fortune 500 data centers, the world’s most powerful supercomputers, and mission critical embedded applications. The company’s Virtual Protocol Interconnect enables standard communication protocols to operate over any converged network (InfiniBand, Ethernet, Data Center Ethernet) with the same software solution. Utilizing proven networking, clustering, storage, virtualization and RDMA acceleration engines, VPI optimizes application performance, power consumption, workload agility, and total system efficiency while future-proofing IT infrastructure. “
  • 6/21/2017 – Mellanox Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/20/2017 – Mellanox Technologies had its “underperform” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $38.00 price target on the stock.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) opened at 45.20 on Monday. The firm has a market cap of $2.26 billion, a P/E ratio of 6457.14 and a beta of 0.68. Mellanox Technologies, Ltd. has a 1-year low of $38.75 and a 1-year high of $52.79. The stock has a 50 day moving average price of $44.44 and a 200-day moving average price of $47.34.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor producer reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.01. Mellanox Technologies had a return on equity of 5.98% and a net margin of 0.09%. The business had revenue of $212 million during the quarter, compared to the consensus estimate of $209.62 million. During the same period in the prior year, the firm earned $0.87 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts forecast that Mellanox Technologies, Ltd. will post $2.15 EPS for the current year.

In related news, CFO Yakov (Jacob) Shulman sold 2,407 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.00, for a total value of $113,129.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael Kagan sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $47.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 69,953 shares of company stock worth $3,298,291. 6.05% of the stock is currently owned by insiders.

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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