Mellanox Technologies, Ltd. (NASDAQ:MLNX) VP Marc Sultzbaugh sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $55.40, for a total transaction of $277,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Marc Sultzbaugh also recently made the following trade(s):

  • On Wednesday, November 8th, Marc Sultzbaugh sold 5,000 shares of Mellanox Technologies stock. The stock was sold at an average price of $49.00, for a total transaction of $245,000.00.

Shares of Mellanox Technologies, Ltd. (MLNX) traded up $5.45 during trading hours on Wednesday, hitting $56.50. 3,201,300 shares of the company were exchanged, compared to its average volume of 585,810. 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, Ltd. has a 1 year low of $38.75 and a 1 year high of $58.35. The company has a market cap of $2,599.92, a P/E ratio of 54.31, a price-to-earnings-growth ratio of 3.53 and a beta of 0.54.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The firm had revenue of $225.70 million during the quarter, compared to the consensus estimate of $226.74 million. During the same quarter last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. equities research analysts predict that Mellanox Technologies, Ltd. will post 0.83 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC bought a new position in shares of Mellanox Technologies in the 2nd quarter valued at about $106,000. SG Americas Securities LLC bought a new position in shares of Mellanox Technologies in the 2nd quarter valued at about $122,000. Legal & General Group Plc lifted its holdings in shares of 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 acquiring an additional 199 shares during the last quarter. Juncture Wealth Strategies LLC bought a new position in shares of Mellanox Technologies in the 3rd quarter valued at about $222,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Mellanox Technologies in the 2nd quarter valued at about $259,000. 59.72% of the stock is owned by hedge funds and other institutional investors.

MLNX has been the subject of several recent analyst reports. Barclays PLC reaffirmed a “buy” rating and issued a $50.00 target price (down previously from $54.00) on shares of Mellanox Technologies in a report on Thursday, July 27th. Zacks Investment Research raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday, July 27th. Benchmark Co. assumed coverage on shares of Mellanox Technologies in a report on Tuesday, August 29th. They issued a “buy” rating and a $60.00 target price for the company. Stifel Nicolaus dropped their price objective on shares of Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Finally, DA Davidson increased their price objective on shares of Mellanox Technologies from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Mellanox Technologies has an average rating of “Hold” and a consensus price target of $52.80.

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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