Mellanox Technologies, Ltd. (NASDAQ:MLNX) – Investment analysts at KeyCorp lifted their Q2 2018 EPS estimates for Mellanox Technologies in a research note issued to investors on Thursday. KeyCorp analyst J. Vinh now expects that the semiconductor producer will post earnings of $0.31 per share for the quarter, up from their previous estimate of $0.26. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Mellanox Technologies’ Q3 2018 earnings at $0.49 EPS and Q4 2018 earnings at $0.54 EPS.

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 business had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $226.74 million. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Mellanox Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Barclays lowered Mellanox Technologies from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $50.00 to $48.00 in a report on Monday, October 9th. Stifel Nicolaus reduced their target price on Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 26th. BidaskClub upgraded Mellanox Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, DA Davidson boosted their target price on Mellanox Technologies from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Mellanox Technologies presently has a consensus rating of “Hold” and an average target price of $54.22.

Shares of Mellanox Technologies (NASDAQ:MLNX) traded up $0.40 during midday trading on Monday, hitting $62.05. The company had a trading volume of 826,300 shares, compared to its average volume of 593,982. The company has a market cap of $3,130.00, a PE ratio of 65.58, a price-to-earnings-growth ratio of 4.62 and a beta of 0.64. Mellanox Technologies has a 1-year low of $40.00 and a 1-year high of $63.20. The company has a current ratio of 3.12, a quick ratio of 2.78 and a debt-to-equity ratio of 0.17.

In other news, Director Amal M. Johnson sold 2,857 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $57.60, for a total transaction of $164,563.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shai Cohen sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $47.15, for a total value of $2,357,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 235,128 shares of company stock valued at $11,784,167. Corporate insiders own 6.05% of the company’s stock.

Several hedge funds have recently modified their holdings of MLNX. Capital Research Global Investors lifted its holdings in shares of Mellanox Technologies by 29.8% during the second quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock worth $92,650,000 after buying an additional 490,726 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its stake in shares of 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of 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 in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Mellanox Technologies in the second quarter valued at $12,617,000. Finally, Senvest Management LLC raised its stake 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 valued at $51,257,000 after purchasing an additional 234,424 shares in the last quarter. Institutional investors own 60.84% of the company’s stock.

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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.

Earnings History and Estimates for Mellanox Technologies (NASDAQ:MLNX)

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