Mellanox Technologies Ltd. (NASDAQ:MLNX)’s share price traded down 8.1% on Thursday . The stock traded as low as $46.26 and last traded at $47.08, with a volume of 2,285,791 shares changing hands. The stock had previously closed at $51.24.

Several equities analysts have weighed in on the company. Macquarie reissued a “buy” rating on shares of Mellanox Technologies in a report on Sunday, March 27th. Jefferies Group reissued a “hold” rating on shares of Mellanox Technologies in a report on Wednesday, June 8th. Vetr raised Mellanox Technologies from a “buy” rating to a “strong-buy” rating and set a $60.32 price objective for the company in a report on Monday, April 4th. Brean Capital assumed coverage on Mellanox Technologies in a report on Monday, May 9th. They set a “buy” rating and a $55.00 price objective for the company. Finally, Zacks Investment Research raised Mellanox Technologies from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, April 5th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $62.83.

The stock has a 50 day moving average price of $48.73 and a 200 day moving average price of $47.25. The firm has a market cap of $2.18 billion and a P/E ratio of 36.14.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The firm earned $214.80 million during the quarter, compared to analysts’ expectations of $212.79 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Mellanox Technologies’s revenue was up 31.7% on a year-over-year basis. Analysts expect that Mellanox Technologies Ltd. will post $3.58 EPS for the current fiscal year.

In other Mellanox Technologies news, CEO Eyal Waldman sold 17,140 shares of the business’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $43.55, for a total transaction of $746,447.00. Following the completion of the sale, the chief executive officer now directly owns 359,051 shares in the company, valued at approximately $15,636,671.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Marc Sultzbaugh sold 5,000 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $49.05, for a total transaction of $245,250.00. Following the sale, the vice president now owns 73,937 shares of the company’s stock, valued at $3,626,609.85. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in the stock. Nationwide Fund Advisors bought a new stake in shares of Mellanox Technologies during the fourth quarter worth $1,323,000. Airain ltd bought a new stake in shares of Mellanox Technologies during the fourth quarter worth $1,899,000. Trexquant Investment LP raised its stake in shares of Mellanox Technologies by 17.4% in the fourth quarter. Trexquant Investment LP now owns 57,290 shares of the company’s stock worth $2,414,000 after buying an additional 8,490 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Mellanox Technologies by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 125,900 shares of the company’s stock worth $5,305,000 after buying an additional 4,000 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of Mellanox Technologies during the fourth quarter worth $6,511,000.

Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company designs, manufactures and sells interconnect products and solutions primarily based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment.

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