Mellanox Technologies, Ltd. (NASDAQ:MLNX) CFO Yakov (Jacob) Shulman sold 2,406 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $65.39, for a total transaction of $157,328.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Yakov (Jacob) Shulman also recently made the following trade(s):

  • On Tuesday, January 2nd, Yakov (Jacob) Shulman sold 12,590 shares of Mellanox Technologies stock. The stock was sold at an average price of $65.75, for a total transaction of $827,792.50.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) traded down $1.70 during trading on Monday, hitting $61.95. 597,256 shares of the company were exchanged, compared to its average volume of 699,498. The company has a quick ratio of 2.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.17. Mellanox Technologies, Ltd. has a 52 week low of $41.55 and a 52 week high of $69.00. The firm has a market cap of $3,240.00, a P/E ratio of -158.85, a PEG ratio of 2.11 and a beta of 0.71.

Mellanox Technologies (NASDAQ:MLNX) last released its earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (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 for the quarter, compared to the consensus estimate of $235.43 million. During the same quarter in the previous year, the company earned $0.82 EPS. Mellanox Technologies’s quarterly revenue was up 7.2% compared to the same quarter last year. analysts anticipate that Mellanox Technologies, Ltd. will post 1.95 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on MLNX shares. Barclays downgraded shares of Mellanox Technologies from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $50.00 to $48.00 in a research report on Monday, October 9th. Stifel Nicolaus boosted their price target on shares of Mellanox Technologies from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. downgraded shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $74.00 price target on the stock in a research report on Wednesday, December 27th. Finally, Susquehanna Bancshares started coverage on shares of Mellanox Technologies in a research report on Wednesday, December 13th. They issued a “positive” rating and a $75.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $67.45.

Several institutional investors have recently added to or reduced their stakes in MLNX. Menora Mivtachim Holdings LTD. lifted its position 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 valued at $86,478,000 after acquiring an additional 487,000 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Mellanox Technologies during the 2nd quarter valued at $12,617,000. Senvest Management LLC lifted its position 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 valued at $51,257,000 after acquiring an additional 234,424 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Mellanox Technologies by 24,616.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 184,383 shares of the semiconductor producer’s stock valued at $11,930,000 after acquiring an additional 183,637 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in 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 valued at $55,909,000 after purchasing an additional 156,119 shares in the last quarter. Institutional investors own 60.74% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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