Mellanox Technologies, Ltd. (NASDAQ:MLNX) CFO Yakov (Jacob) Shulman sold 2,406 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $65.39, for a total transaction of $157,328.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Yakov (Jacob) Shulman also recently made the following trade(s):
- On Tuesday, January 2nd, Yakov (Jacob) Shulman sold 12,590 shares of Mellanox Technologies stock. The shares were sold at an average price of $65.75, for a total transaction of $827,792.50.
Mellanox Technologies, Ltd. (NASDAQ:MLNX) opened at $61.70 on Tuesday. The company has a market cap of $3,101.56, a PE ratio of 65.48, a PEG ratio of 2.01 and a beta of 0.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.78 and a current ratio of 3.12. Mellanox Technologies, Ltd. has a one year low of $41.55 and a one year high of $69.00.
Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.68 by $0.14. The firm had revenue of $237.60 million during the quarter, compared to the consensus estimate of $235.43 million. Mellanox Technologies had a negative net margin of 2.25% and a positive return on equity of 4.81%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. sell-side analysts predict that Mellanox Technologies, Ltd. will post 1.95 EPS for the current year.
Several large investors have recently modified their holdings of MLNX. Benjamin F. Edwards & Company Inc. raised its stake in 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 worth $114,000 after buying an additional 1,415 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in Mellanox Technologies in the fourth quarter worth about $166,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Mellanox Technologies by 36.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,955 shares of the semiconductor producer’s stock worth $191,000 after buying an additional 788 shares in the last quarter. Legal & General Group Plc raised its stake in Mellanox Technologies by 4.6% in the second quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock worth $194,000 after buying an additional 199 shares in the last quarter. Finally, Juncture Wealth Strategies LLC bought a new position in Mellanox Technologies in the third quarter worth about $222,000. 60.92% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $80.00 price target on shares of Mellanox Technologies in a research report on Friday, January 19th. Zacks Investment Research upgraded shares of Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a research report on Wednesday, December 27th. Barclays set a $47.00 target price on shares of Mellanox Technologies and gave the stock a “sell” rating in a research report on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Mellanox Technologies in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Mellanox Technologies presently has a consensus rating of “Buy” and an average target price of $67.45.
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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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