Mellanox Technologies, Ltd. (NASDAQ:MLNX) CFO Yakov (Jacob) Shulman sold 12,590 shares of Mellanox Technologies stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $65.75, for a total value of $827,792.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Yakov (Jacob) Shulman also recently made the following trade(s):
- On Wednesday, November 1st, Yakov (Jacob) Shulman sold 2,706 shares of Mellanox Technologies stock. The shares were sold at an average price of $46.32, for a total value of $125,341.92.
Mellanox Technologies, Ltd. (MLNX) traded up $1.80 during trading hours on Thursday, reaching $64.95. The company had a trading volume of 458,738 shares, compared to its average volume of 411,905. The company has a market cap of $3,320.00, a P/E ratio of -405.94, a price-to-earnings-growth ratio of 2.50 and a beta of 0.62. Mellanox Technologies, Ltd. has a one year low of $40.70 and a one year high of $66.15. The company has a quick ratio of 2.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.17.
Mellanox Technologies (NASDAQ:MLNX) last released its earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. The company had revenue of $225.70 million during the quarter, compared to the consensus estimate of $226.74 million. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. Mellanox Technologies’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. research analysts anticipate that Mellanox Technologies, Ltd. will post 0.84 EPS for the current fiscal year.
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. downgraded Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Stifel Nicolaus lifted their price target on Mellanox Technologies from $53.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Longbow Research upgraded Mellanox Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, December 1st. Barclays set a $47.00 price target on Mellanox Technologies and gave the company a “sell” rating in a research report on Thursday, October 26th. Finally, Susquehanna Bancshares assumed coverage on Mellanox Technologies in a research report on Wednesday, December 13th. They set a “positive” rating and a $75.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Mellanox Technologies presently has an average rating of “Hold” and a consensus target price of $58.60.
A number of large investors have recently added to or reduced their stakes in the stock. HL Financial Services LLC increased its stake in Mellanox Technologies by 28.5% in the 3rd quarter. HL Financial Services LLC now owns 13,833 shares of the semiconductor producer’s stock worth $652,000 after purchasing an additional 3,067 shares during the period. Fox Run Management L.L.C. purchased a new position in Mellanox Technologies in the 3rd quarter worth approximately $519,000. Vanguard Group Inc. increased its stake in Mellanox Technologies by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 133,428 shares of the semiconductor producer’s stock worth $6,798,000 after purchasing an additional 8,841 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake 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 worth $55,909,000 after purchasing an additional 156,119 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Mellanox Technologies by 240.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 89,615 shares of the semiconductor producer’s stock worth $4,225,000 after purchasing an additional 63,300 shares during the period. Institutional investors own 60.81% of the company’s stock.
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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.
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