Mellanox Technologies, Ltd. (MLNX) VP Michael Kagan Sells 2,500 Shares

Mellanox Technologies, Ltd. (NASDAQ:MLNX) VP Michael Kagan sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $67.50, for a total value of $168,750.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Michael Kagan also recently made the following trade(s):

  • On Tuesday, November 28th, Michael Kagan sold 2,293 shares of Mellanox Technologies stock. The stock was sold at an average price of $59.00, for a total value of $135,287.00.
  • On Tuesday, October 31st, Michael Kagan sold 2,500 shares of Mellanox Technologies stock. The stock was sold at an average price of $47.50, for a total value of $118,750.00.

Shares of Mellanox Technologies, Ltd. (MLNX) traded up $0.15 during midday trading on Monday, hitting $66.00. The stock had a trading volume of 503,606 shares, compared to its average volume of 763,858. Mellanox Technologies, Ltd. has a twelve month low of $40.70 and a twelve month high of $69.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78. The firm has a market capitalization of $3,380.00, a PE ratio of -169.23, a PEG ratio of 2.18 and a beta of 0.62.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.14. Mellanox Technologies had a negative return on equity of 0.99% and a negative net margin of 1.09%. The business had revenue of $237.60 million during the quarter, compared to analysts’ expectations of $235.43 million. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. analysts expect that Mellanox Technologies, Ltd. will post 1.95 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its stake in shares of Mellanox Technologies by 404.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,765 shares of the semiconductor producer’s stock valued at $114,000 after buying an additional 1,415 shares in the last quarter. 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. Juncture Wealth Strategies LLC acquired a new stake in shares of Mellanox Technologies in the third quarter valued at $222,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Mellanox Technologies in the second quarter valued at $259,000. Finally, Sciencast Management LP acquired a new stake in shares of Mellanox Technologies in the second quarter valued at $333,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. DA Davidson reissued a “buy” rating and set a $80.00 target price on shares of Mellanox Technologies in a research note on Monday, January 22nd. Stifel Nicolaus reissued a “buy” rating and set a $80.00 target price on shares of Mellanox Technologies in a research note on Friday, January 19th. Piper Jaffray Companies reissued a “hold” rating and set a $73.00 target price on shares of Mellanox Technologies in a research note on Friday, January 19th. Susquehanna Bancshares reissued a “positive” rating and set a $80.00 target price (up previously from $75.00) on shares of Mellanox Technologies in a research note on Friday, January 19th. Finally, Benchmark raised their target price on Mellanox Technologies from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.80.

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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.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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