Piper Jaffray Companies reiterated their hold rating on shares of Mellanox Technologies (NASDAQ:MLNX) in a report released on Friday. The firm currently has a $73.00 price target on the semiconductor producer’s stock.

Several other equities research analysts also recently weighed in on the stock. Susquehanna Bancshares reiterated a positive rating and set a $80.00 target price (up previously from $75.00) on shares of Mellanox Technologies in a research note on Friday. Benchmark increased their target price on shares of Mellanox Technologies from $70.00 to $80.00 and gave the stock a buy rating in a research note on Friday. DA Davidson increased their target price on shares of Mellanox Technologies to $75.00 and gave the stock a buy rating in a research note on Friday, January 12th. Zacks Investment Research upgraded shares of Mellanox Technologies from a hold rating to a strong-buy rating and set a $74.00 target price for the company in a research note on Wednesday, December 27th. Finally, Stifel Nicolaus increased their target price on shares of Mellanox Technologies from $53.00 to $70.00 and gave the stock a buy rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $65.80.

Shares of Mellanox Technologies (NASDAQ MLNX) opened at $66.90 on Friday. Mellanox Technologies has a 12 month low of $40.70 and a 12 month high of $69.00. The firm has a market cap of $3,348.57, a PE ratio of -171.54, a PEG ratio of 2.30 and a beta of 0.62. The company has a current ratio of 3.12, a quick ratio of 2.78 and a debt-to-equity ratio of 0.17.

Mellanox Technologies (NASDAQ:MLNX) last announced its earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $235.43 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. research analysts expect that Mellanox Technologies will post 1.78 EPS for the current fiscal year.

In related news, CEO Eyal Waldman sold 2,500 shares of the stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $64.80, for a total transaction of $162,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shai Cohen sold 50,000 shares of the stock in a transaction dated Monday, October 30th. The stock was 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 have sold 260,718 shares of company stock valued at $13,455,300 over the last three months. 6.05% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Capital Research Global Investors increased its holdings in Mellanox Technologies by 29.8% in 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 in the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in Mellanox Technologies by 36.2% in 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 in the last quarter. Ion Asset Management Ltd. increased its holdings in Mellanox Technologies by 9.1% in 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in Mellanox Technologies by 15.2% in 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 in the last quarter. Finally, Senvest Management LLC increased its holdings in Mellanox Technologies by 27.5% in 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 in the last quarter. 60.70% of the stock is owned by institutional investors.

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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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