Mellanox Technologies, Ltd. (MLNX) Insider Eyal Waldman Sells 2,500 Shares
Mellanox Technologies, Ltd. (NASDAQ:MLNX) insider Eyal Waldman sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $55.40, for a total value of $138,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eyal Waldman also recently made the following trade(s):
- On Wednesday, November 8th, Eyal Waldman sold 121,772 shares of Mellanox Technologies stock. The stock was sold at an average price of $50.00, for a total value of $6,088,600.00.
Shares of Mellanox Technologies, Ltd. (MLNX) traded up $1.20 during trading hours on Friday, hitting $58.30. The stock had a trading volume of 340,029 shares, compared to its average volume of 586,675. Mellanox Technologies, Ltd. has a 52-week low of $38.75 and a 52-week high of $58.60. The stock has a market cap of $2,908.04, a price-to-earnings ratio of 60.74, a price-to-earnings-growth ratio of 3.95 and a beta of 0.54. 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 (NASDAQ:MLNX) last announced its earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The firm had revenue of $225.70 million for the quarter, compared to analyst estimates of $226.74 million. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue was up .7% on a year-over-year basis. analysts forecast that Mellanox Technologies, Ltd. will post 0.83 earnings per share for the current year.
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MLNX has been the topic of several recent research reports. Zacks Investment Research lowered Mellanox Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Stifel Nicolaus lowered their price objective on Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Credit Suisse Group set a $45.00 price objective on Mellanox Technologies and gave the stock a “hold” rating in a research report on Thursday, July 27th. DA Davidson upped their price objective on Mellanox Technologies from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays PLC lowered Mellanox Technologies from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $50.00 to $48.00 in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $52.80.
Several large investors have recently made changes to their positions in MLNX. Chicago Partners Investment Group LLC purchased a new position in Mellanox Technologies in the 2nd quarter valued at $106,000. SG Americas Securities LLC purchased a new position in Mellanox Technologies in the 2nd quarter valued at $122,000. Legal & General Group Plc lifted its holdings in Mellanox Technologies by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock valued at $194,000 after purchasing an additional 199 shares in the last quarter. Juncture Wealth Strategies LLC purchased a new position in Mellanox Technologies in the 3rd quarter valued at $222,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Mellanox Technologies in the 2nd quarter valued at $259,000. Hedge funds and other institutional investors own 59.72% of the company’s stock.
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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