Mellanox Technologies (NASDAQ:MLNX) will be announcing its earnings results after the market closes on Thursday, January 18th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Mellanox Technologies has set its Q4 guidance at $0.61-0.83 EPS.

Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly 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. The firm 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 4.76%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. On average, analysts expect Mellanox Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mellanox Technologies (MLNX) traded up $1.35 during trading hours on Friday, hitting $66.30. 330,287 shares of the stock traded hands, compared to its average volume of 329,275. The company has a current ratio of 3.12, a quick ratio of 2.78 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3,376.59, a P/E ratio of -414.38, a P/E/G ratio of 2.32 and a beta of 0.62. Mellanox Technologies has a 12-month low of $40.70 and a 12-month high of $66.70.

In other Mellanox Technologies news, CEO Eyal Waldman sold 121,772 shares of Mellanox Technologies stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $50.00, for a total transaction of $6,088,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shai Cohen sold 50,000 shares of Mellanox Technologies stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.15, for a total transaction of $2,357,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 260,718 shares of company stock valued at $13,455,300. 6.05% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Mellanox Technologies stock. State Street Corp raised its stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,753 shares of the semiconductor producer’s stock after acquiring an additional 2,725 shares during the period. State Street Corp owned approximately 0.11% of Mellanox Technologies worth $2,329,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 60.81% of the company’s stock.

Several equities analysts have recently weighed in on MLNX shares. Zacks Investment Research downgraded shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Stifel Nicolaus cut their price objective on shares of Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. DA Davidson raised their price objective on shares of Mellanox Technologies from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Susquehanna Bancshares assumed coverage on shares of Mellanox Technologies in a research report on Wednesday, December 13th. They set a “positive” rating and a $75.00 price objective for the company. Finally, Barclays upgraded shares of Mellanox Technologies from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock 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, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.20.

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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.

Earnings History for Mellanox Technologies (NASDAQ:MLNX)

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