Shares of Mellanox Technologies Ltd. (NASDAQ:MLNX) saw unusually-high trading volume on Tuesday . Approximately 459,219 shares changed hands during mid-day trading, a decline of 5% from the previous session’s volume of 484,152 shares.The stock last traded at $43.36 and had previously closed at $42.20.

Several research analysts recently issued reports on MLNX shares. Zacks Investment Research raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, July 21st. TheStreet downgraded shares of Mellanox Technologies from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Pacific Crest started coverage on shares of Mellanox Technologies in a report on Thursday, July 28th. They set a “sector weight” rating on the stock. Brean Capital reaffirmed a “buy” rating and set a $60.00 price target (up previously from $55.00) on shares of Mellanox Technologies in a report on Sunday, July 24th. Finally, Summit Research reaffirmed a “buy” rating and set a $65.00 price target on shares of Mellanox Technologies in a report on Wednesday, June 22nd. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $63.08.

The firm has a market capitalization of $2.07 billion and a P/E ratio of 34.14. The firm has a 50 day moving average price of $45.60 and a 200-day moving average price of $47.54.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business earned $214.80 million during the quarter, compared to analysts’ expectations of $212.79 million. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. On average, equities research analysts anticipate that Mellanox Technologies Ltd. will post $3.56 EPS for the current year.

In other Mellanox Technologies news, Director Shai Cohen sold 25,000 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $50.17, for a total transaction of $1,254,250.00. Following the transaction, the director now owns 176,982 shares of the company’s stock, valued at approximately $8,879,186.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Amal M. Johnson sold 3,571 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $46.50, for a total value of $166,051.50. Following the transaction, the director now directly owns 37,571 shares in the company, valued at approximately $1,747,051.50. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Mellanox Technologies stock. Airain ltd purchased a new stake in shares of Mellanox Technologies Ltd. (NASDAQ:MLNX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,068 shares of the company’s stock, valued at approximately $1,899,000. Airain ltd owned about 0.10% of Mellanox Technologies at the end of the most recent 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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