Brokerages expect that Mellanox Technologies, Ltd. (NASDAQ:MLNX) will report $0.68 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Mellanox Technologies’ earnings. The lowest EPS estimate is $0.64 and the highest is $0.74. Mellanox Technologies reported earnings per share of $0.82 in the same quarter last year, which would suggest a negative year-over-year growth rate of 17.1%. The firm is expected to announce its next earnings report after the market closes on Thursday, January 18th.

On average, analysts expect that Mellanox Technologies will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.18. For the next year, analysts forecast that the firm will report earnings of $2.96 per share, with EPS estimates ranging from $2.51 to $3.39. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last released its earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $225.70 million for the quarter, compared to the consensus estimate of $226.74 million. During the same quarter last year, the business posted $0.93 EPS. Mellanox Technologies’s quarterly revenue was up .7% compared to the same quarter last year.

A number of research analysts have commented on the company. DA Davidson increased their target price on Mellanox Technologies to $75.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Zacks Investment Research downgraded Mellanox Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Longbow Research raised Mellanox Technologies from a “neutral” rating to a “buy” rating in a report on Friday, December 1st. KeyCorp reissued a “hold” rating on shares of Mellanox Technologies in a report on Tuesday, October 17th. Finally, Barclays set a $47.00 price target on Mellanox Technologies and gave the stock a “sell” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.20.

In related news, Director Glenda Dorchak sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $64.88, for a total value of $356,840.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Yakov (Jacob) Shulman sold 2,706 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $46.32, for a total value of $125,341.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 260,718 shares of company stock worth $13,455,300. 6.05% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors increased its position in Mellanox Technologies by 29.8% in 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 acquiring an additional 490,726 shares during the period. Menora Mivtachim Holdings LTD. increased its position in Mellanox Technologies by 36.2% in 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 acquiring an additional 487,000 shares during the period. Ion Asset Management Ltd. increased its position in Mellanox Technologies by 9.1% in 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 acquiring an additional 104,014 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in Mellanox Technologies by 15.2% in 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 acquiring an additional 156,119 shares during the period. Finally, Senvest Management LLC increased its position in Mellanox Technologies by 27.5% in the 3rd quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock valued at $51,257,000 after acquiring an additional 234,424 shares during the period. Hedge funds and other institutional investors own 60.81% of the company’s stock.

Mellanox Technologies (MLNX) traded down $0.45 during trading hours on Wednesday, reaching $64.30. The company’s stock had a trading volume of 660,083 shares, compared to its average volume of 432,318. The company has a current ratio of 3.12, a quick ratio of 2.78 and a debt-to-equity ratio of 0.17. Mellanox Technologies has a 52 week low of $40.70 and a 52 week high of $66.80. The company has a market cap of $3,260.00, a P/E ratio of -401.88, a PEG ratio of 2.32 and a beta of 0.62.

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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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