Susquehanna Bancshares cut shares of Mellanox Technologies (NASDAQ:MLNX) from a positive rating to a neutral rating in a report issued on Monday morning, The Fly reports.

Other research analysts have also issued reports about the company. DA Davidson upped their price target on Mellanox Technologies to $124.00 and gave the stock a buy rating in a report on Monday, January 28th. BidaskClub upgraded Mellanox Technologies from a hold rating to a buy rating in a report on Wednesday, February 27th. Jefferies Financial Group upped their price target on Mellanox Technologies from $110.00 to $130.00 and gave the stock a buy rating in a report on Monday, December 3rd. Zacks Investment Research lowered Mellanox Technologies from a buy rating to a hold rating in a report on Monday, December 31st. Finally, Piper Jaffray Companies lowered Mellanox Technologies from an overweight rating to a neutral rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Mellanox Technologies has a consensus rating of Buy and an average price target of $109.27.

Shares of MLNX stock opened at $118.02 on Monday. Mellanox Technologies has a 12 month low of $65.68 and a 12 month high of $119.10. The company has a market cap of $6.41 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.32 and a beta of 0.29.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings results on Wednesday, January 30th. The semiconductor producer reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. Mellanox Technologies had a return on equity of 16.53% and a net margin of 12.33%. The company had revenue of $290.07 million during the quarter, compared to analyst estimates of $284.96 million. During the same period in the previous year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities research analysts anticipate that Mellanox Technologies will post 4.82 EPS for the current year.

In related news, Director Amal M. Johnson sold 5,714 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $95.49, for a total value of $545,629.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glenda Dorchak sold 4,576 shares of the company’s stock in a transaction on Friday, January 4th. The shares were sold at an average price of $85.00, for a total value of $388,960.00. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

A number of large investors have recently made changes to their positions in MLNX. Robeco Institutional Asset Management B.V. bought a new stake in Mellanox Technologies in the third quarter valued at $13,630,000. Victory Capital Management Inc. grew its position in Mellanox Technologies by 85.2% in the third quarter. Victory Capital Management Inc. now owns 55,542 shares of the semiconductor producer’s stock valued at $4,079,000 after acquiring an additional 25,552 shares during the period. WINTON GROUP Ltd bought a new stake in Mellanox Technologies in the third quarter valued at $300,000. Virginia Retirement Systems ET AL grew its position in Mellanox Technologies by 13.3% in the third quarter. Virginia Retirement Systems ET AL now owns 20,500 shares of the semiconductor producer’s stock valued at $1,506,000 after acquiring an additional 2,400 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in Mellanox Technologies by 11.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 47,185 shares of the semiconductor producer’s stock valued at $3,464,000 after acquiring an additional 5,023 shares during the period. Hedge funds and other institutional investors own 78.36% of the company’s stock.

Mellanox Technologies Company Profile

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, and sells interconnect products and solutions worldwide. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; Ethernet solutions, such as Ethernet switch products and Ethernet adapters for use in enterprise data center, high-performance computing, embedded environments, hyperscale, Web 2.0, and cloud data centers.

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Analyst Recommendations for Mellanox Technologies (NASDAQ:MLNX)

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