Several other equities research analysts have also recently weighed in on the company. ValuEngine cut Mellanox Technologies from a buy rating to a hold rating in a research note on Wednesday, July 17th. Rosenblatt Securities reaffirmed a neutral rating on shares of Mellanox Technologies in a research note on Wednesday, April 17th. Finally, Zacks Investment Research raised Mellanox Technologies from a hold rating to a buy rating and set a $125.00 price target on the stock in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Mellanox Technologies presently has a consensus rating of Hold and an average price target of $117.99.
Shares of MLNX stock opened at $108.99 on Friday. The stock has a market capitalization of $5.97 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.01 and a beta of 0.42. The business has a fifty day moving average price of $111.92. Mellanox Technologies has a twelve month low of $65.68 and a twelve month high of $121.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 3.38.
In other Mellanox Technologies news, Director Glenda Dorchak sold 1,750 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $112.12, for a total value of $196,210.00. Following the sale, the director now directly owns 20,716 shares of the company’s stock, valued at $2,322,677.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steve Sanghi bought 20,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was bought at an average cost of $110.54 per share, for a total transaction of $2,210,800.00. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Mellanox Technologies by 1.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,922,386 shares of the semiconductor producer’s stock worth $227,534,000 after acquiring an additional 33,874 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Mellanox Technologies by 27.0% during the first quarter. Neuberger Berman Group LLC now owns 1,404,302 shares of the semiconductor producer’s stock valued at $166,207,000 after purchasing an additional 298,466 shares in the last quarter. Alpine Associates Management Inc. bought a new position in shares of Mellanox Technologies during the first quarter valued at $140,672,000. CNH Partners LLC bought a new position in shares of Mellanox Technologies during the first quarter valued at $111,064,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Mellanox Technologies by 1.9% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 590,754 shares of the semiconductor producer’s stock valued at $65,379,000 after purchasing an additional 11,130 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Mellanox Technologies Company Profile
Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions. 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; and 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.
Further Reading: What is Net Asset Value (NAV)?
Receive News & Ratings for Mellanox Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mellanox Technologies and related companies with MarketBeat.com's FREE daily email newsletter.