Mellanox Technologies, Ltd. (NASDAQ:MLNX) Director Amal M. Johnson sold 2,857 shares of Mellanox Technologies stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $57.60, for a total value of $164,563.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Mellanox Technologies, Ltd. (MLNX) traded down $1.65 during mid-day trading on Monday, hitting $59.25. The company had a trading volume of 669,044 shares, compared to its average volume of 591,257. 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 stock has a market cap of $3,101.56, a P/E ratio of 64.79, a PEG ratio of 4.21 and a beta of 0.64. Mellanox Technologies, Ltd. has a 52-week low of $39.25 and a 52-week high of $62.00.
Mellanox Technologies (NASDAQ:MLNX) last issued 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. 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 in the prior year, the business earned $0.93 EPS. Mellanox Technologies’s revenue was up .7% on a year-over-year basis. sell-side analysts expect that Mellanox Technologies, Ltd. will post 0.83 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC purchased a new stake in Mellanox Technologies during the 2nd quarter worth about $106,000. SG Americas Securities LLC purchased a new stake in Mellanox Technologies during the 2nd quarter worth about $122,000. Legal & General Group Plc increased its holdings in Mellanox Technologies by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock worth $194,000 after purchasing an additional 199 shares during the period. Juncture Wealth Strategies LLC purchased a new stake in Mellanox Technologies during the 3rd quarter worth about $222,000. Finally, Harbour Capital Advisors LLC increased its holdings in Mellanox Technologies by 4,230.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 9,743 shares of the semiconductor producer’s stock worth $225,000 after purchasing an additional 9,518 shares during the period. Institutional investors own 60.84% of the company’s stock.
Several equities research analysts recently issued reports on the company. BidaskClub downgraded Mellanox Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. J P Morgan Chase & Co downgraded Mellanox Technologies from an “overweight” rating to a “neutral” rating in a report on Thursday, October 26th. TheStreet downgraded Mellanox Technologies from a “b-” rating to a “c” rating in a report on Friday, August 11th. Benchmark assumed coverage on Mellanox Technologies in a report on Tuesday, August 29th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Longbow Research upgraded Mellanox Technologies from a “neutral” rating to a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Mellanox Technologies currently has an average rating of “Hold” and an average price target of $52.33.
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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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