Mellanox Technologies (NASDAQ:MLNX)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a report issued on Friday. They presently have a $80.00 price target on the semiconductor producer’s stock. Stifel Nicolaus’ target price suggests a potential upside of 21.67% from the stock’s current price.

MLNX has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Longbow Research raised shares of Mellanox Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, December 1st. Barclays set a $47.00 target price on shares of Mellanox Technologies and gave the company a “sell” rating in a research report on Thursday, October 26th. Susquehanna Bancshares reissued a “positive” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Mellanox Technologies in a research report on Friday. Finally, DA Davidson lifted their price objective on shares of Mellanox Technologies from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $65.30.

Mellanox Technologies (MLNX) traded up $0.65 during trading on Friday, reaching $65.75. 1,980,000 shares of the company were exchanged, compared to its average volume of 482,358. The company has a market capitalization of $3,350.00, a P/E ratio of -410.94, a P/E/G ratio of 2.25 and a beta of 0.62. Mellanox Technologies has a 1-year low of $40.70 and a 1-year high of $69.00. The company has a current ratio of 3.12, a quick ratio of 2.78 and a debt-to-equity ratio of 0.17.

Mellanox Technologies (NASDAQ:MLNX) last released its earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The business 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 0.92% and a positive return on equity of 4.76%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. analysts predict that Mellanox Technologies will post 0.84 earnings per share for the current fiscal year.

In other news, CEO Eyal Waldman sold 121,772 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $50.00, for a total transaction of $6,088,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenda Dorchak sold 5,500 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $64.88, for a total transaction of $356,840.00. The disclosure for this sale can be found here. In the last three months, insiders sold 260,718 shares of company stock valued at $13,455,300. Insiders own 6.05% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MLNX. Capital Research Global Investors lifted its stake in shares of Mellanox Technologies by 29.8% during the 2nd 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. lifted its stake in shares of Mellanox Technologies by 36.2% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock worth $86,478,000 after buying an additional 487,000 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Mellanox Technologies during the 2nd quarter worth about $12,617,000. Senvest Management LLC lifted its stake in shares of Mellanox Technologies by 27.5% during the 3rd quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock worth $51,257,000 after buying an additional 234,424 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of 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 worth $55,909,000 after buying an additional 156,119 shares during the last quarter. Institutional investors own 60.81% 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.

Analyst Recommendations for Mellanox Technologies (NASDAQ:MLNX)

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