Susquehanna Bancshares assumed coverage on shares of Mellanox Technologies (NASDAQ:MLNX) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a “positive” rating and a $75.00 price target on the semiconductor producer’s stock. Susquehanna Bancshares’ target price would indicate a potential upside of 21.56% from the stock’s current price.

Several other equities research analysts have also commented on MLNX. Benchmark started coverage on Mellanox Technologies in a research note on Tuesday, August 29th. They set a “buy” rating and a $60.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of Mellanox Technologies in a research note on Friday, September 1st. Jefferies Group reiterated a “sell” rating and issued a $38.00 target price on shares of Mellanox Technologies in a research note on Sunday, September 10th. Zacks Investment Research lowered Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, Barclays lowered Mellanox Technologies from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $50.00 to $48.00 in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.30.

Shares of Mellanox Technologies (MLNX) traded up $1.40 during trading hours on Wednesday, reaching $61.70. The company’s stock had a trading volume of 266,206 shares, compared to its average volume of 591,530. The firm has a market capitalization of $3,160.13, a price-to-earnings ratio of 66.01, a PEG 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. Mellanox Technologies has a 12 month low of $40.00 and a 12 month high of $63.20.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The company had revenue of $225.70 million during the quarter, compared to analyst estimates of $226.74 million. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. research analysts predict that Mellanox Technologies will post 0.84 EPS for the current year.

In other Mellanox Technologies news, CFO Yakov (Jacob) Shulman sold 2,706 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $46.32, for a total transaction of $125,341.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amal M. Johnson sold 2,857 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $57.60, for a total value of $164,563.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,128 shares of company stock valued at $11,784,167. 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 business. Capital Research Global Investors grew its stake 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 purchasing an additional 490,726 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings 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 worth $86,478,000 after buying an additional 487,000 shares during the last quarter. Ion Asset Management Ltd. lifted its holdings 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 worth $54,001,000 after buying an additional 104,014 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings 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 worth $55,909,000 after buying an additional 156,119 shares during the last quarter. Finally, Senvest Management LLC lifted its holdings 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 worth $51,257,000 after buying an additional 234,424 shares during the last quarter. Hedge funds and other institutional investors own 60.84% 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.

Analyst Recommendations for Mellanox Technologies (NASDAQ:MLNX)

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