Susquehanna Bancshares reiterated their positive rating on shares of Mellanox Technologies (NASDAQ:MLNX) in a research note issued to investors on Friday. The brokerage currently has a $80.00 price target on the semiconductor producer’s stock, up from their previous price target of $75.00.

A number of other research analysts have also issued reports on MLNX. DA Davidson upped their price target on shares of Mellanox Technologies to $75.00 and gave the company a buy rating in a research note on Friday, January 12th. Zacks Investment Research lowered shares of Mellanox Technologies from a hold rating to a sell rating in a research note on Wednesday, September 27th. Benchmark upped their price target on shares of Mellanox Technologies from $70.00 to $80.00 and gave the company a buy rating in a research note on Friday. Longbow Research upgraded shares of Mellanox Technologies from a neutral rating to a buy rating in a research note on Friday, December 1st. Finally, KeyCorp restated a hold rating on shares of Mellanox Technologies in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $65.80.

Mellanox Technologies (NASDAQ:MLNX) traded up $0.65 during trading hours on Friday, reaching $65.75. 1,981,700 shares of the company were exchanged, compared to its average volume of 666,023. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78. Mellanox Technologies has a 12 month low of $40.70 and a 12 month high of $69.00. The stock has a market capitalization of $3,420.00, a PE ratio of -168.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.62.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.14. Mellanox Technologies had a negative net margin of 2.25% and a positive return on equity of 4.81%. The business had revenue of $237.60 million for the quarter, compared to analyst estimates of $235.43 million. During the same quarter in the prior year, the business posted $0.82 EPS. Mellanox Technologies’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities analysts anticipate that Mellanox Technologies will post 1.78 earnings per share for the current fiscal year.

In other news, CEO Eyal Waldman sold 121,772 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $50.00, for a total value of $6,088,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shai Cohen sold 50,000 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $47.15, for a total transaction of $2,357,500.00. The disclosure for this sale can be found here. Insiders sold 260,718 shares of company stock worth $13,455,300 in the last quarter. Company insiders own 6.05% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. grew its position in Mellanox Technologies by 404.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,765 shares of the semiconductor producer’s stock valued at $114,000 after buying an additional 1,415 shares during the period. SG Americas Securities LLC acquired a new stake in Mellanox Technologies during the second quarter valued at $122,000. Legal & General Group Plc grew its position in Mellanox Technologies by 4.6% during the second quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock valued at $194,000 after buying an additional 199 shares during the period. Juncture Wealth Strategies LLC acquired a new stake in Mellanox Technologies during the third quarter valued at $222,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Mellanox Technologies during the second quarter valued at $259,000. Institutional investors own 60.70% of the company’s stock.

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About Mellanox Technologies

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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