Mellanox Technologies, Ltd. (MLNX) CFO Sells $827,792.50 in Stock
Mellanox Technologies, Ltd. (NASDAQ:MLNX) CFO Yakov (Jacob) Shulman sold 12,590 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $65.75, for a total transaction of $827,792.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Yakov (Jacob) Shulman also recently made the following trade(s):
- On Wednesday, November 1st, Yakov (Jacob) Shulman sold 2,706 shares of Mellanox Technologies stock. The stock was sold at an average price of $46.32, for a total transaction of $125,341.92.
Shares of Mellanox Technologies, Ltd. (NASDAQ MLNX) opened at $64.70 on Friday. The company has a market cap of $3,295.11, a price-to-earnings ratio of 68.83, a P/E/G ratio of 2.50 and a beta of 0.62. Mellanox Technologies, Ltd. has a twelve month low of $40.70 and a twelve month high of $66.15. 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 (NASDAQ:MLNX) last released its earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $225.70 million during the quarter, compared to the consensus estimate of $226.74 million. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. analysts predict that Mellanox Technologies, Ltd. will post 0.84 EPS for the current year.
MLNX has been the topic of several analyst reports. Barclays lowered shares of Mellanox Technologies from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $50.00 to $48.00 in a report on Monday, October 9th. Jefferies Group restated a “sell” rating and set a $38.00 price objective on shares of Mellanox Technologies in a report on Sunday, September 10th. JPMorgan Chase & Co. lowered shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a report on Thursday, October 26th. Stifel Nicolaus raised their price objective on shares of Mellanox Technologies from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Susquehanna Bancshares initiated coverage on shares of Mellanox Technologies in a report on Wednesday, December 13th. They set a “positive” rating and a $75.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mellanox Technologies presently has an average rating of “Hold” and a consensus price target of $58.60.
A number of institutional investors have recently added to or reduced their stakes in MLNX. Capital Research Global Investors grew its position in Mellanox Technologies by 29.8% in the second quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock valued at $92,650,000 after purchasing an additional 490,726 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in Mellanox Technologies by 36.2% in the third quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock valued at $86,478,000 after purchasing an additional 487,000 shares in the last quarter. Janus Henderson Group PLC bought a new position in Mellanox Technologies in the second quarter valued at $12,617,000. Senvest Management LLC grew its position in Mellanox Technologies by 27.5% in the third quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock valued at $51,257,000 after purchasing an additional 234,424 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Mellanox Technologies by 15.2% in 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 purchasing an additional 156,119 shares in the last quarter. 60.81% of the stock is owned by institutional investors and hedge funds.
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.
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