Mellanox Technologies, Ltd. (NASDAQ:MLNX) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 890,569 shares, an increase of 49.4% from the February 15th total of 596,108 shares. Based on an average daily volume of 895,757 shares, the short-interest ratio is presently 1.0 days. Approximately 1.8% of the shares of the company are sold short.

Shares of NASDAQ MLNX opened at $118.15 on Thursday. The firm has a market capitalization of $6.41 billion, a PE ratio of 30.69, a PEG ratio of 1.17 and a beta of 0.21. Mellanox Technologies has a 1 year low of $65.68 and a 1 year high of $119.10.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings data on Wednesday, January 30th. The semiconductor producer reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.12. The firm had revenue of $290.07 million during the quarter, compared to analysts’ expectations of $284.96 million. Mellanox Technologies had a net margin of 12.33% and a return on equity of 16.98%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, research analysts anticipate that Mellanox Technologies will post 4.82 EPS for the current year.

In other Mellanox Technologies news, Director Glenda Dorchak sold 4,576 shares of the stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $85.00, for a total value of $388,960.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amal M. Johnson sold 5,714 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $95.49, for a total transaction of $545,629.86. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Mellanox Technologies by 11.2% in the fourth quarter. Geode Capital Management LLC now owns 43,355 shares of the semiconductor producer’s stock worth $4,004,000 after purchasing an additional 4,363 shares in the last quarter. Norges Bank purchased a new stake in shares of Mellanox Technologies in the fourth quarter worth $49,296,000. FMR LLC increased its stake in shares of Mellanox Technologies by 65.1% in the fourth quarter. FMR LLC now owns 456,324 shares of the semiconductor producer’s stock worth $42,155,000 after purchasing an additional 179,848 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Mellanox Technologies by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 42,800 shares of the semiconductor producer’s stock worth $3,954,000 after purchasing an additional 400 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new stake in shares of Mellanox Technologies in the fourth quarter worth $566,000. 76.07% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Mellanox Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. DA Davidson downgraded shares of Mellanox Technologies from a “buy” rating to a “neutral” rating and set a $128.00 price target on the stock. in a research report on Tuesday. Barclays downgraded shares of Mellanox Technologies from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $108.00 to $125.00 in a research report on Tuesday. Susquehanna Bancshares downgraded shares of Mellanox Technologies from a “positive” rating to a “neutral” rating in a research report on Monday. Finally, Piper Jaffray Companies downgraded shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $109.27.

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About Mellanox Technologies

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, and sells interconnect products and solutions worldwide. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; Ethernet solutions, such as Ethernet switch products and Ethernet adapters for use in enterprise data center, high-performance computing, embedded environments, hyperscale, Web 2.0, and cloud data centers.

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