Mellanox Technologies, Ltd. (NASDAQ:MLNX) VP Michael Kagan sold 2,293 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $59.00, for a total transaction of $135,287.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Michael Kagan also recently made the following trade(s):

  • On Tuesday, October 31st, Michael Kagan sold 2,500 shares of Mellanox Technologies stock. The stock was sold at an average price of $47.50, for a total transaction of $118,750.00.
  • On Friday, September 8th, Michael Kagan sold 2,500 shares of Mellanox Technologies stock. The stock was sold at an average price of $46.56, for a total transaction of $116,400.00.

Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) traded up $1.80 during trading on Friday, reaching $60.90. 826,413 shares of the company’s stock traded hands, compared to its average volume of 937,568. The stock has a market capitalization of $3,100.00, a price-to-earnings ratio of 62.87, a P/E/G ratio of 4.08 and a beta of 0.54. Mellanox Technologies, Ltd. has a one year low of $38.75 and a one year high of $61.35. 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 announced its quarterly earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The company had revenue of $225.70 million for the quarter, compared to analyst estimates of $226.74 million. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. sell-side analysts predict that Mellanox Technologies, Ltd. will post 0.83 earnings per share for the current year.

A number of research firms recently weighed in on MLNX. BidaskClub lowered shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co lowered shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. TheStreet lowered shares of Mellanox Technologies from a “b-” rating to a “c” rating in a research note on Friday, August 11th. Benchmark began coverage on shares of Mellanox Technologies in a research note on Tuesday, August 29th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Longbow Research upgraded shares of Mellanox Technologies from a “neutral” rating to a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.33.

A number of institutional investors have recently made changes to their positions in MLNX. Capital Research Global Investors increased its stake in Mellanox Technologies by 29.8% in the second quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock valued at $92,650,000 after purchasing an additional 490,726 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its stake in Mellanox Technologies by 36.2% in the third quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock valued at $86,478,000 after purchasing an additional 487,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in Mellanox Technologies by 43.8% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,029,646 shares of the semiconductor producer’s stock valued at $44,584,000 after purchasing an additional 313,573 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Mellanox Technologies in the second quarter valued at approximately $12,617,000. Finally, Senvest Management LLC increased its stake in Mellanox Technologies by 27.5% in the third quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock valued at $51,257,000 after purchasing an additional 234,424 shares during the last quarter. Institutional investors own 60.84% 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.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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