Credit Suisse Group set a $45.00 price target on Mellanox Technologies, Ltd. (NASDAQ:MLNX) in a research note published on Thursday. The brokerage currently has a hold rating on the semiconductor producer’s stock.

A number of other equities research analysts have also issued reports on the stock. Piper Jaffray Companies reiterated a hold rating and set a $47.00 target price on shares of Mellanox Technologies in a report on Friday. Barclays PLC reiterated a buy rating and set a $50.00 target price (down from $54.00) on shares of Mellanox Technologies in a report on Thursday. Zacks Investment Research upgraded shares of Mellanox Technologies from a hold rating to a buy rating and set a $51.00 target price on the stock in a report on Thursday. BidaskClub lowered shares of Mellanox Technologies from a hold rating to a sell rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated an underperform rating and set a $38.00 target price on shares of Mellanox Technologies in a report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $49.86.

Mellanox Technologies (MLNX) opened at 47.05 on Thursday. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 6721.43 and a beta of 0.68. Mellanox Technologies has a one year low of $38.75 and a one year high of $52.79. The company’s 50-day moving average is $44.33 and its 200 day moving average is $47.23.

Mellanox Technologies (NASDAQ:MLNX) last released its earnings results on Wednesday, July 26th. The semiconductor producer reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.01. The business had revenue of $212 million for the quarter, compared to analyst estimates of $209.62 million. Mellanox Technologies had a return on equity of 5.98% and a net margin of 0.09%. Mellanox Technologies’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. Equities analysts expect that Mellanox Technologies will post $2.18 EPS for the current year.

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In other Mellanox Technologies news, VP Michael Kagan sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $47.50, for a total value of $237,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.05% of the company’s stock.

Large investors have recently made changes to their positions in the stock. First Interstate Bank purchased a new stake in shares of Mellanox Technologies during the first quarter worth approximately $159,000. First Mercantile Trust Co. purchased a new stake in shares of Mellanox Technologies during the first quarter worth approximately $174,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Mellanox Technologies during the first quarter worth approximately $186,000. Wexford Capital LP purchased a new stake in shares of Mellanox Technologies during the first quarter worth approximately $204,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Mellanox Technologies during the first quarter worth approximately $236,000. 67.66% of the stock is currently owned by institutional investors.

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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