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Mellanox Technologies (NASDAQ: MLNX) from an expectation The rating was badigned to a rating of d & # 39 purchase in a research report published on Friday, July 6th.
Other badysts have also recently published reports on the title: TheStreet brought the shares of Mellanox Technologies to a c + rating on Tuesday, April 17, Barclays reiterated a rating of purchase and issued a target price of $ 97.00 on the shares of Mellanox Technologies in a report on Wednesday, April 18.Benchmark has reissued a purchase note and set a target price of $ 90.00 (previously 80, $ 00) on Mellanox Technologies shares released a research report on Friday, April 13, 2009. The Piper Jaffray companies have raised their Mellanox Technologies shares from a neutral rating to an overweight position in a research report on Thursday. may. and set the price of Mellanox Technologies shares at $ 125.00 and gave the company a purchase note in a research report on Thursday, June 28th. One research badyst rated the stock with a sales rating, five badigned a holdback rating, eight gave a purchase rating and two gave a strong buy note to the stock of the company. The company currently has an average buy score and a consensus target price of $ 93.00.
Mellanox Technologies shares fell $ 1.90 on Friday to $ 78.80. 455,350 shares were traded, compared with an average volume of 541,213. The company has a market capitalization of $ 4.27 billion, a price-earnings ratio of 86.76, a price-earnings ratio of 1.58 and a beta of 0.55. Mellanox Technologies has a twelve-month low of $ 42.25 and a twelve-month high of $ 90.45.
Mellanox Technologies (NASDAQ: MLNX) announced its quarterly results for the last time on Tuesday, July 17th. The semiconductor maker reported earnings per share of $ 1.25 for the quarter, exceeding $ 0.16 in Zack's consensus estimate of $ 1.09. The company achieved a turnover of $ 268.46 million during the quarter, compared with $ 263.61 million for badysts. Mellanox Technologies recorded a net margin of 5.61% and a return on equity of 12.51%. Company revenues for the quarter increased 26.7% from one year to the next. In the same quarter of the previous fiscal year, the company earned $ 0.44 per share. Analysts predict that Mellanox Technologies will post 3.41 earnings per share for the current year.
In other news from Mellanox Technologies, Chief Financial Officer Yakov (Jacob) Shulman sold 4,156 shares of the company in a deal dated Tuesday, May 1. The shares were sold at an average price of $ 78.14, for a total value of $ 324,749.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In addition, Vice President Marc Sultzbaugh sold 1,800 shares of the company in a transaction dated Thursday, May 3. The shares were sold at an average price of $ 79.75, for a total transaction of $ 143,550.00. The disclosure for this sale can be found here. Insiders sold a total of 375,506 shares valued at $ 31,866,396 during the last quarter. Business insiders own 4.20% of the shares of the company.
Several institutional investors have recently changed their position in the title. Clal Insurance Enterprises Holdings Ltd. increased its equity holdings in Mellanox Technologies by 51.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd. now holds 1,852,023 shares of the semiconductor business valued at $ 134,920,000 after purchasing an additional 631,345 shares in the last quarter. NWQ Investment Management Company LLC increased its interest in Mellanox Technologies by 25.0% in the fourth quarter. NWQ Investment Management Company LLC now holds 1,661,267 shares of a semiconductor manufacturer valued at $ 107,484,000 after acquiring an additional 332,528 shares during the last quarter. Senvest Management LLC increased its interests in Mellanox Technologies by 131.4% in the first quarter. Senvest Management LLC now holds 1,561,745 shares of a semiconductor manufacturer valued at $ 113,773,000 after acquiring an additional 886,745 shares in the last quarter. FIL Ltd increased its holdings in Mellanox Technologies by 14.4% in the first quarter. FIL Ltd. now holds 1,315,889 shares in the semiconductor business worth $ 95,863,000 after acquiring an additional 166,066 shares in the last quarter. Finally, Meitav Dash Investments Ltd. acquired a new interest in Mellanox Technologies during the fourth quarter, valued at approximately $ 53,317,000. 74.26% of the shares are currently held by institutional investors.
About Mellanox Technologies
Mellanox Technologies, Ltd., a no-factory semiconductor company, designs, manufactures, and sells interconnection products and solutions around the world whole. Its products facilitate the transmission of data between servers, storage systems, communication infrastructure equipment and other embedded systems. The company offers InfiniBand solutions, including integrated switching and gateway (IC) circuits, adapters, cables, modules and software, as well as switching, gateway and long-distance systems. ; Ethernet solutions, such as Ethernet switches and Ethernet adapters for enterprise data centers, high-performance computing, embedded environments, hyperscale, Web 2.0 and cloud data centers.
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