Mellanox Technologies, Ltd. (NASDAQ:MLNX) VP Michael Kagan sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $47.50, for a total value of $118,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Michael Kagan also recently made the following trade(s):

  • On Friday, September 8th, Michael Kagan sold 2,500 shares of Mellanox Technologies stock. The stock was sold at an average price of $46.56, for a total value of $116,400.00.
  • On Monday, August 28th, Michael Kagan sold 5,000 shares of Mellanox Technologies stock. The stock was sold at an average price of $45.01, for a total value of $225,050.00.

Mellanox Technologies (NASDAQ:MLNX) last issued its earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The business had revenue of $225.70 million for the quarter, compared to the consensus estimate of $226.74 million. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.82%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share.

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A number of equities analysts have recently issued reports on MLNX shares. BidaskClub raised Mellanox Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Mellanox Technologies from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Thursday, July 27th. Barclays PLC reissued a “buy” rating and set a $50.00 price objective (down from $54.00) on shares of Mellanox Technologies in a report on Thursday, July 27th. Piper Jaffray Companies reissued a “hold” rating and set a $47.00 price objective on shares of Mellanox Technologies in a report on Friday, July 28th. Finally, Credit Suisse Group set a $45.00 price objective on shares of Mellanox Technologies and gave the company a “hold” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Mellanox Technologies presently has a consensus rating of “Hold” and an average target price of $51.00.

Hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its position in Mellanox Technologies by 29.8% during the second quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock worth $92,650,000 after acquiring an additional 490,726 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its position in Mellanox Technologies by 36.2% during the third quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock worth $86,478,000 after acquiring an additional 487,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Mellanox Technologies by 43.8% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,029,646 shares of the semiconductor producer’s stock worth $44,584,000 after acquiring an additional 313,573 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Mellanox Technologies during the second quarter worth about $12,617,000. Finally, Bank of America Corp DE raised its position in Mellanox Technologies by 72.9% during the first quarter. Bank of America Corp DE now owns 567,479 shares of the semiconductor producer’s stock worth $28,913,000 after acquiring an additional 239,237 shares during the last quarter. 60.92% of the stock is currently owned by hedge funds and other institutional investors.

Mellanox Technologies Company Profile

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.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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