Equities analysts expect Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings of $1.57 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Mellanox Technologies’ earnings. Mellanox Technologies reported earnings per share of $1.33 during the same quarter last year, which indicates a positive year-over-year growth rate of 18%. The company is expected to announce its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Mellanox Technologies will report full year earnings of $6.38 per share for the current fiscal year, with EPS estimates ranging from $6.35 to $6.40. For the next fiscal year, analysts anticipate that the company will report earnings of $7.15 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor producer reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.10). Mellanox Technologies had a net margin of 14.09% and a return on equity of 16.86%. The firm had revenue of $310.30 million during the quarter, compared to the consensus estimate of $307.24 million. During the same quarter last year, the firm posted $1.25 earnings per share. Mellanox Technologies’s revenue was up 15.6% compared to the same quarter last year.

A number of research analysts recently commented on the company. BidaskClub upgraded Mellanox Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 3rd. Zacks Investment Research upgraded Mellanox Technologies from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, July 16th. Finally, ValuEngine downgraded Mellanox Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $117.99.

Shares of NASDAQ MLNX traded up $0.02 during trading on Thursday, reaching $108.46. The stock had a trading volume of 350,025 shares, compared to its average volume of 1,027,848. The stock has a market cap of $5.95 billion, a PE ratio of 28.17 and a beta of 0.42. The firm’s 50 day moving average price is $110.83 and its two-hundred day moving average price is $112.10. Mellanox Technologies has a one year low of $65.68 and a one year high of $121.13.

In related news, Director Steve Sanghi bought 20,000 shares of Mellanox Technologies stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of $110.54 per share, with a total value of $2,210,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glenda Dorchak sold 1,750 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $112.12, for a total value of $196,210.00. Following the sale, the director now directly owns 20,716 shares of the company’s stock, valued at $2,322,677.92. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MLNX. Neuberger Berman Group LLC boosted its holdings in Mellanox Technologies by 27.0% in the 1st quarter. Neuberger Berman Group LLC now owns 1,404,302 shares of the semiconductor producer’s stock valued at $166,207,000 after purchasing an additional 298,466 shares during the period. Rothschild Investment Corp IL increased its holdings in Mellanox Technologies by 9.8% in the 1st quarter. Rothschild Investment Corp IL now owns 22,510 shares of the semiconductor producer’s stock worth $2,664,000 after acquiring an additional 2,000 shares in the last quarter. S. Muoio & CO. LLC purchased a new stake in Mellanox Technologies in the 1st quarter worth $1,420,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Mellanox Technologies by 1.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,922,386 shares of the semiconductor producer’s stock worth $227,534,000 after acquiring an additional 33,874 shares in the last quarter. Finally, Exane Asset Management purchased a new stake in Mellanox Technologies in the 1st quarter worth $3,551,000. 76.78% of the stock is owned by institutional investors and hedge funds.

About Mellanox Technologies

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; and Ethernet solutions, such as Ethernet switch products and Ethernet adapters for use in enterprise data center, high-performance computing, embedded environments, hyperscale, Web 2.0, and cloud data centers.

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Earnings History and Estimates for Mellanox Technologies (NASDAQ:MLNX)

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