Insider Selling: Mellanox Technologies, Ltd. (NASDAQ:MLNX) Director Sells 5,500 Shares of Stock

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Director Glenda Dorchak sold 5,500 shares of Mellanox Technologies stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $64.88, for a total value of $356,840.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Glenda Dorchak also recently made the following trade(s):

  • On Wednesday, November 8th, Glenda Dorchak sold 8,000 shares of Mellanox Technologies stock. The shares were sold at an average price of $50.00, for a total value of $400,000.00.

Mellanox Technologies, Ltd. (NASDAQ MLNX) opened at $64.75 on Wednesday. Mellanox Technologies, Ltd. has a 52-week low of $40.70 and a 52-week high of $66.80. The company has a market capitalization of $3,376.58, a PE ratio of -404.69, a PEG ratio of 2.32 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78.

Mellanox Technologies (NASDAQ:MLNX) last issued its earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) 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 firm had revenue of $225.70 million for the quarter, compared to analysts’ expectations of $226.74 million. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. sell-side analysts predict that Mellanox Technologies, Ltd. will post 0.84 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in shares of Mellanox Technologies by 15.8% in the third quarter. Sterling Capital Management LLC now owns 31,637 shares of the semiconductor producer’s stock worth $1,492,000 after purchasing an additional 4,323 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Mellanox Technologies by 9.4% in the third quarter. Neuberger Berman Group LLC now owns 947,429 shares of the semiconductor producer’s stock worth $44,671,000 after purchasing an additional 81,664 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Mellanox Technologies by 4.8% in the third quarter. California Public Employees Retirement System now owns 99,332 shares of the semiconductor producer’s stock worth $4,684,000 after purchasing an additional 4,532 shares during the last quarter. Granahan Investment Management Inc. MA increased its holdings in shares of Mellanox Technologies by 8.8% in the third quarter. Granahan Investment Management Inc. MA now owns 81,600 shares of the semiconductor producer’s stock worth $3,847,000 after purchasing an additional 6,567 shares during the last quarter. Finally, Senvest Management LLC increased its holdings in shares of Mellanox Technologies by 27.5% in the third quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock worth $51,257,000 after purchasing an additional 234,424 shares during the last quarter. 60.81% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on MLNX shares. DA Davidson lifted their target price on Mellanox Technologies from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Stifel Nicolaus lowered their target price on Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. BidaskClub upgraded Mellanox Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Longbow Research upgraded Mellanox Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Barclays upgraded Mellanox Technologies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $47.00 to $55.00 in a research report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mellanox Technologies currently has a consensus rating of “Hold” and a consensus price target of $59.20.

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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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