Wall Street brokerages predict that Mellanox Technologies, Ltd. (NASDAQ:MLNX) will announce $0.68 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Mellanox Technologies’ earnings, with estimates ranging from $0.64 to $0.74. Mellanox Technologies reported earnings of $0.82 per share in the same quarter last year, which indicates a negative year over year growth rate of 17.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Mellanox Technologies will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.08 to $2.18. For the next year, analysts expect that the company will report earnings of $2.86 per share, with EPS estimates ranging from $2.51 to $3.10. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last issued its earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. The company had revenue of $225.70 million for the quarter, compared to analyst estimates of $226.74 million. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS.

A number of analysts recently weighed in on the stock. Susquehanna Bancshares assumed coverage on shares of Mellanox Technologies in a research report on Wednesday. They issued a “positive” rating and a $75.00 price target on the stock. Stifel Nicolaus increased their price target on shares of Mellanox Technologies from $53.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. BidaskClub upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Longbow Research upgraded shares of Mellanox Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Barclays upgraded shares of Mellanox Technologies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $47.00 to $55.00 in a research report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.30.

In related news, CEO Eyal Waldman sold 121,772 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $50.00, for a total value of $6,088,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yakov (Jacob) Shulman sold 2,706 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $46.32, for a total transaction of $125,341.92. The disclosure for this sale can be found here. Insiders sold 235,128 shares of company stock worth $11,784,167 over the last quarter. 6.05% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in MLNX. Vanguard Group Inc. grew its stake in shares of Mellanox Technologies by 7.1% in the first quarter. Vanguard Group Inc. now owns 133,428 shares of the semiconductor producer’s stock valued at $6,798,000 after buying an additional 8,841 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mellanox Technologies by 16.3% in the first quarter. Geode Capital Management LLC now owns 27,026 shares of the semiconductor producer’s stock valued at $1,376,000 after buying an additional 3,784 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Mellanox Technologies in the second quarter valued at $122,000. Legal & General Group Plc grew its stake in shares of Mellanox Technologies by 4.6% in the second quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock valued at $194,000 after buying an additional 199 shares in the last quarter. Finally, RiverPoint Capital Management LLC grew its stake in shares of Mellanox Technologies by 4.4% in the second quarter. RiverPoint Capital Management LLC now owns 260,513 shares of the semiconductor producer’s stock valued at $11,280,000 after buying an additional 10,948 shares in the last quarter. 60.84% of the stock is owned by institutional investors and hedge funds.

Shares of Mellanox Technologies (MLNX) opened at $62.05 on Friday. The firm has a market cap of $3,142.31, a P/E ratio of 65.64, a P/E/G ratio of 4.59 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 52-week low of $40.00 and a 52-week high of $63.20.

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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.

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

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