Mellanox Technologies, Ltd. (NASDAQ:MLNX) – Equities research analysts at KeyCorp boosted their Q2 2018 EPS estimates for shares of Mellanox Technologies in a research note issued to investors on Thursday. KeyCorp analyst J. Vinh now forecasts that the semiconductor producer will earn $0.31 per share for the quarter, up from their prior estimate of $0.26. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Mellanox Technologies’ Q3 2018 earnings at $0.49 EPS and Q4 2018 earnings at $0.54 EPS.

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, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The business had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $226.74 million. During the same period in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year.

Several other brokerages have also recently weighed in on MLNX. Stifel Nicolaus upped their target price on Mellanox Technologies from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. BidaskClub raised Mellanox Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Longbow Research raised Mellanox Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, December 1st. Barclays raised Mellanox Technologies from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $47.00 to $55.00 in a research report on Tuesday, November 28th. Finally, DA Davidson boosted their price target on Mellanox Technologies from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $54.22.

Shares of Mellanox Technologies (MLNX) opened at $61.65 on Monday. Mellanox Technologies has a 1-year low of $40.00 and a 1-year high of $63.20. The firm has a market capitalization of $3,139.77, a price-to-earnings ratio of 65.59, a price-to-earnings-growth ratio of 4.62 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78.

A number of large investors have recently made changes to their positions in the stock. Capital Research Global Investors increased its position in Mellanox Technologies by 29.8% during the 2nd quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock valued at $92,650,000 after buying an additional 490,726 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its position in Mellanox Technologies by 36.2% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock valued at $86,478,000 after buying an additional 487,000 shares in the last quarter. Ion Asset Management Ltd. increased its position in Mellanox Technologies by 9.1% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,247,141 shares of the semiconductor producer’s stock valued at $54,001,000 after buying an additional 104,014 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in Mellanox Technologies by 15.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,185,765 shares of the semiconductor producer’s stock valued at $55,909,000 after buying an additional 156,119 shares in the last quarter. Finally, Senvest Management LLC increased its position in Mellanox Technologies by 27.5% during the 3rd quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock valued at $51,257,000 after buying an additional 234,424 shares in the last quarter. 60.84% of the stock is currently owned by institutional investors.

In related news, Director Shai Cohen sold 50,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $47.15, for a total transaction of $2,357,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Eyal Waldman sold 12,500 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $59.49, for a total value of $743,625.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 235,128 shares of company stock valued at $11,784,167. Corporate insiders own 6.05% of the company’s stock.

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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.

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

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