Mellanox Technologies Ltd. (NASDAQ:MLNX) saw strong trading volume on Friday . 1,225,275 shares were traded during trading, an increase of 57% from the previous session’s volume of 778,347 shares.The stock last traded at $45.61 and had previously closed at $46.47.

A number of analysts have issued reports on the stock. Brean Capital reiterated a “buy” rating and set a $60.00 price target (up from $55.00) on shares of Mellanox Technologies in a research note on Sunday. TheStreet lowered shares of Mellanox Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Vetr upgraded shares of Mellanox Technologies from a “buy” rating to a “strong-buy” rating and set a $60.32 target price on the stock in a research note on Monday, April 18th. Macquarie restated a “buy” rating on shares of Mellanox Technologies in a research note on Sunday, March 27th. Finally, Zacks Investment Research upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, April 13th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.08.

The stock has a market capitalization of $2.18 billion and a price-to-earnings ratio of 36.14. The firm’s 50 day moving average is $48.73 and its 200-day moving average is $47.25.

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

In related news, Director Thomas Riordan sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $47.89, for a total transaction of $47,890.00. Following the sale, the director now directly owns 57,544 shares in the company, valued at approximately $2,755,782.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Marc Sultzbaugh sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $49.05, for a total value of $245,250.00. Following the sale, the vice president now owns 73,937 shares in the company, valued at $3,626,609.85. The disclosure for this sale can be found here.

Several large investors recently made changes to their positions in MLNX. Airain ltd acquired a new stake in Mellanox Technologies during the fourth quarter valued at about $1,899,000. Trexquant Investment LP increased its stake in Mellanox Technologies by 17.4% in the fourth quarter. Trexquant Investment LP now owns 57,290 shares of the company’s stock valued at $2,414,000 after buying an additional 8,490 shares in the last quarter. Globeflex Capital L P acquired a new stake in Mellanox Technologies during the fourth quarter valued at about $6,511,000. Morgan Stanley increased its stake in Mellanox Technologies by 51.9% in the fourth quarter. Morgan Stanley now owns 391,558 shares of the company’s stock valued at $16,500,000 after buying an additional 133,706 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Mellanox Technologies by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 125,900 shares of the company’s stock valued at $5,305,000 after buying an additional 4,000 shares in the last quarter.

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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