Mellanox Technologies, Ltd. (NASDAQ:MLNX) VP Michael Kagan sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $47.50, for a total transaction of $118,750.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Michael Kagan also recently made the following trade(s):

  • On Friday, September 8th, Michael Kagan sold 2,500 shares of Mellanox Technologies stock. The stock was sold at an average price of $46.56, for a total transaction of $116,400.00.
  • On Monday, August 28th, Michael Kagan sold 5,000 shares of Mellanox Technologies stock. The stock was sold at an average price of $45.01, for a total transaction of $225,050.00.

Mellanox Technologies, Ltd. (MLNX) opened at $44.40 on Friday. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 46.86, a PEG ratio of 3.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.43 and a current ratio of 2.79.

Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share for the quarter, topping the 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 4.82%. The business had revenue of $225.70 million for the quarter, compared to analysts’ expectations of $226.74 million. During the same period in the previous year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. analysts forecast that Mellanox Technologies, Ltd. will post 0.83 EPS for the current fiscal year.

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Several research firms have recently commented on MLNX. Piper Jaffray Companies reissued a “hold” rating and set a $47.00 target price on shares of Mellanox Technologies in a research report on Friday, July 28th. BidaskClub downgraded shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co downgraded shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. TheStreet downgraded shares of Mellanox Technologies from a “b-” rating to a “c” rating in a research report on Friday, August 11th. Finally, Barclays PLC reissued a “buy” rating and set a $50.00 target price (down from $54.00) on shares of Mellanox Technologies in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Mellanox Technologies has an average rating of “Hold” and a consensus price target of $51.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MLNX. Capital Research Global Investors boosted its stake in Mellanox Technologies by 29.8% in the second quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock valued at $92,650,000 after acquiring an additional 490,726 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its stake in Mellanox Technologies by 36.2% in the third quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock valued at $86,478,000 after acquiring an additional 487,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Mellanox Technologies by 43.8% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,029,646 shares of the semiconductor producer’s stock valued at $44,584,000 after acquiring an additional 313,573 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Mellanox Technologies in the second quarter valued at about $12,617,000. Finally, Bank of America Corp DE boosted its stake in Mellanox Technologies by 72.9% in the first quarter. Bank of America Corp DE now owns 567,479 shares of the semiconductor producer’s stock valued at $28,913,000 after acquiring an additional 239,237 shares during the last quarter. Hedge funds and other institutional investors own 60.92% 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.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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