Mellanox Technologies Ltd. (NASDAQ:MLNX) shares saw strong trading volume on Tuesday . 459,219 shares traded hands during 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 analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Mellanox Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Brean Capital reaffirmed a “buy” rating on shares of Mellanox Technologies in a research report on Monday, July 18th. Pacific Crest began coverage on shares of Mellanox Technologies in a research report on Thursday, July 28th. They issued a “sector weight” rating for the company. Piper Jaffray Cos. reissued an “overweight” rating and issued a $64.00 price target on shares of Mellanox Technologies in a research report on Sunday, July 24th. Finally, Jefferies Group reissued a “hold” rating on shares of Mellanox Technologies in a research report on Wednesday, June 8th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Mellanox Technologies currently has an average rating of “Buy” and an average target price of $63.08.

The firm has a market cap of $2.07 billion and a P/E ratio of 34.03. The company has a 50 day moving average price of $45.51 and a 200-day moving average price of $47.51.

Mellanox Technologies (NASDAQ:MLNX) last announced its 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. During the same quarter in the prior year, the company earned $0.75 EPS. The business had revenue of $214.80 million for the quarter, compared to the consensus estimate of $212.79 million. Mellanox Technologies’s revenue was up 31.7% compared to the same quarter last year. On average, equities analysts predict that Mellanox Technologies Ltd. will post $3.56 earnings per share for the current fiscal year.

In related news, CEO Eyal Waldman sold 22,856 shares of the company’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $47.64, for a total value of $1,088,859.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amal M. Johnson sold 3,571 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 37,571 shares in the company, valued at $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 Mellanox Technologies Ltd. (NASDAQ:MLNX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 45,068 shares of the company’s stock, valued at approximately $1,899,000. Airain ltd owned 0.10% of Mellanox Technologies as of its most recent SEC filing.

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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