BidaskClub downgraded shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) from a hold rating to a sell rating in a research report released on Tuesday.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Mellanox Technologies from a hold rating to a strong sell rating in a report on Wednesday, May 3rd. Piper Jaffray Companies downgraded shares of Mellanox Technologies from an overweight rating to a neutral rating and set a $48.00 price target for the company. in a report on Thursday, April 27th. Jefferies Group LLC lowered their price target on shares of Mellanox Technologies from $41.00 to $38.00 and set an underperform rating for the company in a report on Friday, April 28th. Credit Suisse Group downgraded shares of Mellanox Technologies from an outperform rating to a neutral rating and lowered their price target for the stock from $50.00 to $45.00 in a report on Thursday, April 27th. Finally, Roth Capital downgraded shares of Mellanox Technologies from a buy rating to a neutral rating and lowered their price target for the stock from $60.00 to $53.00 in a report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $49.86.

Shares of Mellanox Technologies (MLNX) traded up 2.84% during mid-day trading on Tuesday, reaching $47.05. 487,298 shares of the company traded hands. Mellanox Technologies has a 52 week low of $38.75 and a 52 week high of $52.80. The stock’s 50-day moving average is $44.33 and its 200-day moving average is $47.23. The company has a market capitalization of $2.36 billion, a P/E ratio of 6721.43 and a beta of 0.68.

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

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In other news, VP Michael Kagan sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $47.50, for a total transaction of $237,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.05% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MLNX. Migdal Insurance & Financial Holdings Ltd. boosted its position in Mellanox Technologies by 4.2% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,252,857 shares of the semiconductor producer’s stock worth $51,242,000 after buying an additional 50,000 shares during the last quarter. Norges Bank bought a new stake in shares of Mellanox Technologies during the fourth quarter worth about $13,983,000. Stifel Financial Corp raised its stake in shares of Mellanox Technologies by 1.0% in the first quarter. Stifel Financial Corp now owns 79,712 shares of the semiconductor producer’s stock worth $4,053,000 after buying an additional 758 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Mellanox Technologies during the first quarter worth about $22,861,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Mellanox Technologies by 395.1% in the first quarter. Canada Pension Plan Investment Board now owns 26,315 shares of the semiconductor producer’s stock worth $1,341,000 after buying an additional 21,000 shares during the period. 67.70% of the stock is currently owned by institutional investors and hedge funds.

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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