Mellanox Technologies (NASDAQ:MLNX) issued its quarterly earnings data on Thursday. The semiconductor producer reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14, Briefing.com reports. The firm had revenue of $237.60 million during the quarter, compared to analysts’ expectations of $235.43 million. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS.

Mellanox Technologies (MLNX) opened at $65.10 on Friday. Mellanox Technologies has a 1 year low of $40.70 and a 1 year high of $66.80. The stock has a market capitalization of $3,274.72, a PE ratio of -406.88, a P/E/G ratio of 2.25 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.78 and a current ratio of 3.12.

A number of equities research analysts recently weighed in on MLNX shares. Barclays cut Mellanox Technologies from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $50.00 to $48.00 in a research note on Monday, October 9th. JPMorgan Chase & Co. cut Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Stifel Nicolaus upped their price objective on Mellanox Technologies from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Susquehanna Bancshares started coverage on Mellanox Technologies in a research note on Wednesday, December 13th. They set a “positive” rating and a $75.00 price objective for the company. Finally, Zacks Investment Research upgraded Mellanox Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $61.20.

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, CFO Yakov (Jacob) Shulman sold 2,706 shares of the company’s stock in a transaction dated 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. Insiders have sold a total of 260,718 shares of company stock worth $13,455,300 over the last ninety days. 6.05% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Mellanox Technologies stock. State Street Corp boosted its holdings in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,753 shares of the semiconductor producer’s stock after buying 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 filing with the Securities and Exchange Commission (SEC). 60.81% of the stock is currently owned by institutional investors.

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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 for Mellanox Technologies (NASDAQ:MLNX)

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