Mellanox Technologies, Ltd. (NASDAQ:MLNX) had its target price boosted by analysts at DA Davidson from $60.00 to $69.00 in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the semiconductor producer’s stock. DA Davidson’s price objective suggests a potential upside of 20.84% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Barclays PLC reissued a “buy” rating and issued a $50.00 price target (down from $54.00) on shares of Mellanox Technologies in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, July 27th. Benchmark Co. assumed coverage on shares of Mellanox Technologies in a research note on Tuesday, August 29th. They set a “buy” rating and a $60.00 target price for the company. Stifel Nicolaus decreased their target price on shares of Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Finally, TheStreet downgraded shares of Mellanox Technologies from a “b-” rating to a “c” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.80.

Mellanox Technologies (NASDAQ:MLNX) opened at $57.10 on Wednesday. Mellanox Technologies has a one year low of $38.75 and a one year high of $58.35. The stock has a market cap of $2,908.04, a PE ratio of 60.74, a P/E/G ratio of 3.95 and a beta of 0.54. The company has a quick ratio of 2.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.17.

Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The company had revenue of $225.70 million during the quarter, compared to the consensus estimate of $226.74 million. During the same period in the prior year, the firm earned $0.93 earnings per share. Mellanox Technologies’s revenue was up .7% on a year-over-year basis. analysts anticipate that Mellanox Technologies will post 0.83 EPS for the current year.

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In other news, CEO Eyal Waldman sold 121,772 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $50.00, for a total transaction of $6,088,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael Kagan sold 5,000 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $45.01, for a total transaction of $225,050.00. The disclosure for this sale can be found here. Insiders have sold 224,978 shares of company stock valued at $11,082,142 in the last ninety days. Insiders own 6.05% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in shares of Mellanox Technologies by 29.8% during the second quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock valued at $92,650,000 after buying an additional 490,726 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of Mellanox Technologies by 36.2% during the third quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock valued at $86,478,000 after buying an additional 487,000 shares during the last quarter. Ion Asset Management Ltd. grew its holdings in shares of Mellanox Technologies by 9.1% during the second quarter. Ion Asset Management Ltd. now owns 1,247,141 shares of the semiconductor producer’s stock valued at $54,001,000 after buying an additional 104,014 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Mellanox Technologies by 15.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,185,765 shares of the semiconductor producer’s stock valued at $55,909,000 after buying an additional 156,119 shares during the last quarter. Finally, Senvest Management LLC grew its holdings in shares of Mellanox Technologies by 27.5% during the third quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock valued at $51,257,000 after buying an additional 234,424 shares during the last quarter. Hedge funds and other institutional investors own 59.72% of the company’s stock.

Mellanox Technologies Company Profile

Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems.

Analyst Recommendations for Mellanox Technologies (NASDAQ:MLNX)

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