Mellanox Technologies, Ltd. (NASDAQ:MLNX) CFO Douglas T. Ahrens sold 2,930 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $119.99, for a total transaction of $351,570.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NASDAQ MLNX opened at $120.61 on Thursday. The firm has a 50-day moving average of $119.06 and a 200-day moving average of $113.58. The stock has a market cap of $6.66 billion, a PE ratio of 33.32, a P/E/G ratio of 0.73 and a beta of 0.51. Mellanox Technologies, Ltd. has a 52-week low of $96.61 and a 52-week high of $122.10.
Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor producer reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.61. Mellanox Technologies had a net margin of 15.41% and a return on equity of 21.26%. The business had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $333.35 million. During the same quarter in the previous year, the company earned $1.42 EPS. The business’s revenue was up 31.0% on a year-over-year basis. On average, equities analysts anticipate that Mellanox Technologies, Ltd. will post 7.6 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of MLNX. Vanguard Group Inc. raised its stake in Mellanox Technologies by 13.8% in the 2nd quarter. Vanguard Group Inc. now owns 257,238 shares of the semiconductor producer’s stock worth $28,468,000 after purchasing an additional 31,171 shares in the last quarter. Invesco Ltd. raised its stake in Mellanox Technologies by 88.3% in the 2nd quarter. Invesco Ltd. now owns 37,126 shares of the semiconductor producer’s stock worth $4,109,000 after purchasing an additional 17,414 shares in the last quarter. Cerebellum GP LLC raised its stake in Mellanox Technologies by 36.1% in the 3rd quarter. Cerebellum GP LLC now owns 4,086 shares of the semiconductor producer’s stock worth $448,000 after purchasing an additional 1,083 shares in the last quarter. Alpine Group USVI LLC acquired a new stake in Mellanox Technologies in the 3rd quarter worth about $13,699,000. Finally, Summit X LLC acquired a new stake in Mellanox Technologies in the 3rd quarter worth about $335,000. Institutional investors and hedge funds own 74.63% of the company’s stock.
MLNX has been the subject of a number of research reports. BidaskClub cut shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. ValuEngine upgraded shares of Mellanox Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Rosenblatt Securities restated a “hold” rating on shares of Mellanox Technologies in a research note on Thursday, January 30th. Finally, Zacks Investment Research cut shares of Mellanox Technologies from a “hold” rating to a “sell” rating and set a $125.00 target price for the company. in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $124.19.
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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