Wall Street brokerages expect Mellanox Technologies, Ltd. (NASDAQ:MLNX) to post earnings of $0.68 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Mellanox Technologies’ earnings. The highest EPS estimate is $0.74 and the lowest is $0.64. Mellanox Technologies reported earnings per share of $0.82 during the same quarter last year, which would indicate a negative year over year growth rate of 17.1%. The firm is scheduled to report its next earnings report on Wednesday, February 7th.

On average, analysts expect that Mellanox Technologies will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.18. For the next financial year, analysts forecast that the business will report earnings of $2.86 per share, with EPS estimates ranging from $2.51 to $3.10. Zacks’ EPS calculations are an average based on a survey of analysts that cover Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.07. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The company had revenue of $225.70 million during the quarter, compared to analyst estimates of $226.74 million. During the same quarter in the prior year, the business earned $0.93 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year.

MLNX has been the subject of several recent research reports. Barclays lowered shares of Mellanox Technologies from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $50.00 to $48.00 in a research report on Monday, October 9th. Jefferies Group reissued a “sell” rating and issued a $38.00 price objective on shares of Mellanox Technologies in a research report on Sunday, September 10th. Benchmark initiated coverage on shares of Mellanox Technologies in a research report on Tuesday, August 29th. They issued a “buy” rating and a $60.00 price objective for the company. J P Morgan Chase & Co lowered shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus dropped their price objective on shares of Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Mellanox Technologies currently has an average rating of “Hold” and a consensus target price of $56.30.

In other Mellanox Technologies news, VP Michael Kagan sold 2,293 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $59.00, for a total transaction of $135,287.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Yakov (Jacob) Shulman sold 2,706 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $46.32, for a total transaction of $125,341.92. The disclosure for this sale can be found here. Insiders sold 235,128 shares of company stock valued at $11,784,167 over the last 90 days. Insiders own 6.05% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. HL Financial Services LLC boosted its stake in Mellanox Technologies by 28.5% during the 3rd quarter. HL Financial Services LLC now owns 13,833 shares of the semiconductor producer’s stock valued at $652,000 after acquiring an additional 3,067 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Mellanox Technologies during the 3rd quarter valued at $519,000. Vanguard Group Inc. boosted its stake in Mellanox Technologies by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 133,428 shares of the semiconductor producer’s stock valued at $6,798,000 after acquiring an additional 8,841 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Mellanox Technologies by 240.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 89,615 shares of the semiconductor producer’s stock valued at $4,225,000 after acquiring an additional 63,300 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in Mellanox Technologies by 15.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,185,765 shares of the semiconductor producer’s stock valued at $55,909,000 after acquiring an additional 156,119 shares during the last quarter. Hedge funds and other institutional investors own 60.84% of the company’s stock.

Shares of Mellanox Technologies (NASDAQ:MLNX) opened at $62.05 on Friday. Mellanox Technologies has a 52-week low of $40.00 and a 52-week high of $63.20. The stock has a market cap of $3,142.31, a price-to-earnings ratio of 65.64, a PEG ratio of 4.59 and a beta of 0.64. The company has a quick ratio of 2.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.17.

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

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