ValuEngine cut shares of Mellanox Technologies (NASDAQ:MLNX) from a buy rating to a hold rating in a report released on Wednesday morning, ValuEngine reports.

MLNX has been the topic of several other research reports. BidaskClub upgraded Zillow Group from a buy rating to a strong-buy rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Golub Capital BDC from a hold rating to a buy rating and set a $20.00 price target on the stock in a research report on Tuesday, July 16th. Rosenblatt Securities raised their price target on QUALCOMM from $70.00 to $82.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group decreased their price target on MAV Beauty Brands from C$15.00 to C$14.00 in a research report on Friday, March 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $117.99.

MLNX stock opened at $111.55 on Wednesday. The company has a quick ratio of 2.99, a current ratio of 3.38 and a debt-to-equity ratio of 0.04. The company has a market cap of $6.15 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36. The stock’s fifty day moving average price is $111.36. Mellanox Technologies has a fifty-two week low of $65.68 and a fifty-two week high of $121.13.

In related news, Director Steve Sanghi purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were bought at an average price of $110.54 per share, for a total transaction of $2,210,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glenda Dorchak sold 1,750 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $112.12, for a total value of $196,210.00. Following the completion of the transaction, the director now owns 20,716 shares in the company, valued at approximately $2,322,677.92. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Mellanox Technologies by 30.7% in the first quarter. Bank of Montreal Can now owns 426 shares of the semiconductor producer’s stock valued at $51,000 after buying an additional 100 shares in the last quarter. Private Capital Group LLC boosted its stake in Mellanox Technologies by 15.4% in the first quarter. Private Capital Group LLC now owns 908 shares of the semiconductor producer’s stock valued at $107,000 after buying an additional 121 shares in the last quarter. Lido Advisors LLC boosted its stake in Mellanox Technologies by 4.7% in the first quarter. Lido Advisors LLC now owns 3,636 shares of the semiconductor producer’s stock valued at $430,000 after buying an additional 162 shares in the last quarter. Northern Trust Corp boosted its stake in Mellanox Technologies by 0.5% in the fourth quarter. Northern Trust Corp now owns 38,003 shares of the semiconductor producer’s stock valued at $3,511,000 after buying an additional 172 shares in the last quarter. Finally, Cerebellum GP LLC boosted its stake in Mellanox Technologies by 7.6% in the second quarter. Cerebellum GP LLC now owns 3,003 shares of the semiconductor producer’s stock valued at $332,000 after buying an additional 212 shares in the last quarter. 75.09% of the stock is currently owned by institutional investors and hedge funds.

About Mellanox Technologies

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions. 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; and 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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Analyst Recommendations for Mellanox Technologies (NASDAQ:MLNX)

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