Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) have been given a consensus rating of “Buy” by the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $67.45.
Several analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price objective on shares of Mellanox Technologies in a report on Friday, January 19th. Zacks Investment Research upgraded Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective for the company in a report on Wednesday, December 27th. Barclays set a $47.00 price objective on Mellanox Technologies and gave the stock a “sell” rating in a report on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Mellanox Technologies in a report on Tuesday, October 17th. Finally, BidaskClub raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th.
In other news, VP Michael Kagan sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $67.50, for a total value of $168,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Marc Sultzbaugh sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 1,292 shares of company stock worth $85,270 and have sold 252,393 shares worth $13,955,015. Corporate insiders own 6.05% of the company’s stock.
Shares of Mellanox Technologies (MLNX) traded down $0.05 during trading hours on Tuesday, hitting $61.90. The company had a trading volume of 819,578 shares, compared to its average volume of 704,299. 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 twelve month low of $41.55 and a twelve month high of $69.00. The stock has a market capitalization of $3,100.00, a price-to-earnings ratio of -158.72, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71.
Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.14. Mellanox Technologies had a positive return on equity of 4.81% and a negative net margin of 2.25%. The business had revenue of $237.60 million during the quarter, compared to analyst estimates of $235.43 million. During the same period last year, the company earned $0.82 earnings per share. Mellanox Technologies’s quarterly revenue was up 7.2% compared to the same quarter last year. sell-side analysts anticipate that Mellanox Technologies will post 1.95 earnings per share for the current fiscal year.
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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