Mellanox Technologies, Ltd. (MLNX) Insider Sells $743,625.00 in Stock
Mellanox Technologies, Ltd. (NASDAQ:MLNX) insider Eyal Waldman sold 12,500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $59.49, for a total value of $743,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Eyal Waldman also recently made the following trade(s):
- On Tuesday, November 21st, Eyal Waldman sold 2,500 shares of Mellanox Technologies stock. The shares were sold at an average price of $55.40, for a total value of $138,500.00.
- 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) opened at $59.35 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78. The stock has a market capitalization of $2,966.60, a P/E ratio of 61.97, a price-to-earnings-growth ratio of 4.03 and a beta of 0.64. Mellanox Technologies, Ltd. has a 52 week low of $39.70 and a 52 week high of $62.00.
Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. The firm had revenue of $225.70 million for the quarter, compared to analyst estimates of $226.74 million. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. equities research analysts forecast that Mellanox Technologies, Ltd. will post 0.83 EPS for the current fiscal year.
Several research analysts have recently weighed in on MLNX shares. Barclays cut Mellanox Technologies from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $50.00 to $48.00 in a research report on Monday, October 9th. Jefferies Group reaffirmed a “sell” rating and set a $38.00 price objective on shares of Mellanox Technologies in a research report on Sunday, September 10th. Benchmark started coverage on Mellanox Technologies in a research report on Tuesday, August 29th. They set a “buy” rating and a $60.00 price objective for the company. J P Morgan Chase & Co cut Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus reduced their price objective on Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $54.22.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Mellanox Technologies by 4.6% during the second quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock worth $194,000 after purchasing an additional 199 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Mellanox Technologies by 4.6% during the second quarter. UBS Asset Management Americas Inc. now owns 21,011 shares of the semiconductor producer’s stock worth $910,000 after purchasing an additional 917 shares during the period. Swiss National Bank grew its position in Mellanox Technologies by 2.2% during the second quarter. Swiss National Bank now owns 73,821 shares of the semiconductor producer’s stock worth $3,196,000 after buying an additional 1,600 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Mellanox Technologies during the second quarter worth approximately $106,000. Finally, State Street Corp grew its position in Mellanox Technologies by 5.3% during the second quarter. State Street Corp now owns 53,753 shares of the semiconductor producer’s stock worth $2,329,000 after buying an additional 2,725 shares in the last quarter. Institutional investors own 60.84% 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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