Brokerages predict that Mellanox Technologies, Ltd. (NASDAQ:MLNX) will post $1.55 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Mellanox Technologies’ earnings. The lowest EPS estimate is $1.49 and the highest is $1.59. Mellanox Technologies reported earnings per share of $1.25 during the same quarter last year, which would suggest a positive year-over-year growth rate of 24%. The business is scheduled to announce its next quarterly earnings results on Tuesday, July 16th.

On average, analysts expect that Mellanox Technologies will report full-year earnings of $6.48 per share for the current financial year, with EPS estimates ranging from $6.33 to $6.90. For the next year, analysts expect that the business will report earnings of $7.20 per share, with EPS estimates ranging from $6.83 to $7.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last released its earnings results on Tuesday, April 16th. The semiconductor producer reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.30). Mellanox Technologies had a return on equity of 17.69% and a net margin of 12.69%. The business had revenue of $305.20 million for the quarter, compared to analyst estimates of $300.40 million. During the same quarter in the previous year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 21.6% on a year-over-year basis.

Several research firms have issued reports on MLNX. BidaskClub cut Mellanox Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. DA Davidson boosted their target price on Mellanox Technologies to $124.00 and gave the stock a “buy” rating in a research report on Monday, January 28th. Stifel Nicolaus cut Mellanox Technologies from a “buy” rating to a “hold” rating and set a $117.95 price target on the stock. in a report on Thursday, March 14th. Zacks Investment Research cut Mellanox Technologies from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, Susquehanna Bancshares cut Mellanox Technologies from a “positive” rating to a “neutral” rating in a report on Monday, March 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $115.00.

In related news, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $118.30, for a total value of $473,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lombard Odier Asset Management USA Corp purchased a new position in shares of Mellanox Technologies during the 1st quarter worth $1,775,000. BlueMountain Capital Management LLC lifted its stake in shares of Mellanox Technologies by 178.1% during the 1st quarter. BlueMountain Capital Management LLC now owns 265,874 shares of the semiconductor producer’s stock worth $31,469,000 after purchasing an additional 170,274 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of Mellanox Technologies during the 1st quarter worth $3,607,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Mellanox Technologies during the 1st quarter worth $2,130,000. Finally, Moab Capital Partners LLC purchased a new position in shares of Mellanox Technologies during the 1st quarter worth $5,947,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

NASDAQ MLNX traded down $0.59 on Thursday, hitting $109.80. 738,128 shares of the company’s stock were exchanged, compared to its average volume of 1,390,508. The company has a current ratio of 3.38, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04. Mellanox Technologies has a fifty-two week low of $65.68 and a fifty-two week high of $121.13. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 1.18 and a beta of 0.29.

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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