Mellanox Technologies, Ltd. (NASDAQ:MLNX)‘s stock had its “buy” rating restated by research analysts at Barclays PLC in a research report issued to clients and investors on Wednesday. They currently have a $55.00 price target on the stock. Barclays PLC’s price objective suggests a potential upside of 28.21% from the company’s previous close.

Several other analysts have also weighed in on MLNX. Roth Capital set a $60.00 price objective on shares of Mellanox Technologies and gave the stock a “buy” rating in a report on Sunday, October 30th. TheStreet lowered shares of Mellanox Technologies from a “buy” rating to a “hold” rating in a report on Monday, December 12th. Summit Redstone set a $65.00 price objective on shares of Mellanox Technologies and gave the stock a “buy” rating in a report on Monday, November 28th. Zacks Investment Research lowered shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 26th. Finally, Jefferies Group lowered shares of Mellanox Technologies from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $42.00 to $37.00 in a report on Monday, November 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $61.46.

Analyst Recommendations for Mellanox Technologies (NASDAQ:MLNX)

Shares of Mellanox Technologies (NASDAQ:MLNX) opened at 43.1499 on Wednesday. Mellanox Technologies has a 12 month low of $37.54 and a 12 month high of $55.80. The firm has a market cap of $2.10 billion, a P/E ratio of 40.5926 and a beta of 0.60. The stock’s 50 day moving average price is $41.33 and its 200-day moving average price is $43.52.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.33. The firm earned $224.20 million during the quarter, compared to analysts’ expectations of $25.16 million. Mellanox Technologies had a net margin of 6.49% and a return on equity of 10.89%. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Equities research analysts anticipate that Mellanox Technologies will post $3.47 earnings per share for the current fiscal year.

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In other news, CFO Yakov (Jacob) Shulman sold 2,782 shares of Mellanox Technologies stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $43.28, for a total transaction of $120,404.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.32% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in Mellanox Technologies by 58.5% in the second quarter. Sei Investments Co. now owns 2,349 shares of the company’s stock valued at $112,000 after buying an additional 867 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Mellanox Technologies during the second quarter valued at approximately $148,000. Westpac Banking Corp bought a new stake in Mellanox Technologies during the third quarter valued at approximately $143,000. BlackRock Fund Advisors boosted its stake in Mellanox Technologies by 5.2% in the second quarter. BlackRock Fund Advisors now owns 3,859 shares of the company’s stock valued at $185,000 after buying an additional 192 shares in the last quarter. Finally, Creative Planning boosted its stake in Mellanox Technologies by 30.5% in the third quarter. Creative Planning now owns 4,672 shares of the company’s stock valued at $202,000 after buying an additional 1,091 shares in the last quarter. 63.28% of the stock is currently owned by institutional investors and hedge funds.

Mellanox Technologies Company Profile

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.

5 Day Chart for NASDAQ:MLNX

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