Mellanox Technologies, Ltd. (MLNX) CFO Yakov (Jacob) Shulman Sells 2,706 Shares
Mellanox Technologies, Ltd. (NASDAQ:MLNX) CFO Yakov (Jacob) Shulman sold 2,706 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $46.32, for a total value of $125,341.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.82%. The business had revenue of $225.70 million for the quarter, compared to analyst estimates of $226.74 million. During the same period last year, the business earned $0.93 EPS. The company’s revenue was up .7% on a year-over-year basis.
ILLEGAL ACTIVITY NOTICE: “Mellanox Technologies, Ltd. (MLNX) CFO Yakov (Jacob) Shulman Sells 2,706 Shares” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/02/mellanox-technologies-ltd-mlnx-cfo-yakov-jacob-shulman-sells-2706-shares.html.
Institutional investors and hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new stake in shares of Mellanox Technologies in the 2nd quarter valued at $106,000. SG Americas Securities LLC acquired a new stake in shares of Mellanox Technologies in the 2nd quarter valued at $122,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Mellanox Technologies in the 1st quarter valued at $186,000. Legal & General Group Plc raised its holdings in shares of Mellanox Technologies by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock valued at $194,000 after purchasing an additional 199 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Mellanox Technologies in the 1st quarter valued at $236,000. Institutional investors and hedge funds own 60.92% of the company’s stock.
Several brokerages have issued reports on MLNX. Piper Jaffray Companies restated a “hold” rating and set a $47.00 target price on shares of Mellanox Technologies in a research report on Friday, July 28th. BidaskClub downgraded shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co downgraded shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. TheStreet downgraded shares of Mellanox Technologies from a “b-” rating to a “c” rating in a research note on Friday, August 11th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $50.00 price target (down previously from $54.00) on shares of Mellanox Technologies in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.00.
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.
Receive News & Ratings for Mellanox Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mellanox Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.