Mellanox Technologies (NASDAQ:MLNX)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a note issued to investors on Monday. They presently have a $80.00 target price on the semiconductor producer’s stock. DA Davidson’s price target points to a potential upside of 21.67% from the company’s previous close.

A number of other research firms have also recently issued reports on MLNX. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Mellanox Technologies in a report on Friday. Zacks Investment Research raised shares of Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a report on Wednesday, December 27th. BidaskClub raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $80.00 price target (up previously from $75.00) on shares of Mellanox Technologies in a report on Friday. Finally, Barclays set a $47.00 price target on shares of Mellanox Technologies and gave the stock a “sell” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $65.80.

Mellanox Technologies (NASDAQ:MLNX) traded up $0.65 during midday trading on Monday, hitting $65.75. 1,981,700 shares of the stock were exchanged, compared to its average volume of 666,023. 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 has a 1 year low of $40.70 and a 1 year high of $69.00. The company has a market capitalization of $3,420.00, a P/E ratio of -168.59, a PEG ratio of 2.30 and a beta of 0.62.

Mellanox Technologies (NASDAQ:MLNX) last posted its earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.14. Mellanox Technologies had a negative net margin of 2.25% and a positive return on equity of 4.81%. The company had revenue of $237.60 million during the quarter, compared to analysts’ expectations of $235.43 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. Mellanox Technologies’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities research analysts expect that Mellanox Technologies will post 1.78 earnings per share for the current year.

In related news, Director Amal M. Johnson sold 2,857 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $57.60, for a total transaction of $164,563.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yakov (Jacob) Shulman sold 2,706 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was 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. In the last three months, insiders have sold 260,718 shares of company stock valued at $13,455,300. 6.05% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. HL Financial Services LLC raised its holdings in shares of Mellanox Technologies by 28.5% during the third quarter. HL Financial Services LLC now owns 13,833 shares of the semiconductor producer’s stock worth $652,000 after purchasing an additional 3,067 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Mellanox Technologies during the third quarter worth $519,000. Clal Insurance Enterprises Holdings Ltd grew its position in Mellanox Technologies by 15.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,185,765 shares of the semiconductor producer’s stock valued at $55,909,000 after buying an additional 156,119 shares during the period. Canada Pension Plan Investment Board grew its position in Mellanox Technologies by 240.5% during the third quarter. Canada Pension Plan Investment Board now owns 89,615 shares of the semiconductor producer’s stock valued at $4,225,000 after buying an additional 63,300 shares during the period. Finally, Senvest Management LLC grew its position in Mellanox Technologies by 27.5% during the third quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock valued at $51,257,000 after buying an additional 234,424 shares during the period. 60.70% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Mellanox Technologies (NASDAQ:MLNX)

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