Equities analysts expect Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings per share (EPS) of $1.31 for the current quarter, according to Zacks. Seven analysts have provided estimates for Mellanox Technologies’ earnings, with estimates ranging from $1.23 to $1.34. Mellanox Technologies posted earnings of $0.82 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 59.8%. The business is expected to report its next earnings report on Thursday, January 17th.

According to Zacks, analysts expect that Mellanox Technologies will report full-year earnings of $4.87 per share for the current financial year, with EPS estimates ranging from $4.78 to $4.90. For the next fiscal year, analysts expect that the business will report earnings of $5.99 per share, with EPS estimates ranging from $5.54 to $6.55. Zacks’ EPS calculations are an average based on a survey of research firms that follow Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings results on Wednesday, October 24th. The semiconductor producer reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.13. The business had revenue of $279.20 million for the quarter, compared to analyst estimates of $275.49 million. Mellanox Technologies had a return on equity of 14.72% and a net margin of 8.57%. Mellanox Technologies’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share.

Several brokerages have issued reports on MLNX. Zacks Investment Research lowered Mellanox Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 19th. ValuEngine lowered Mellanox Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 4th. JPMorgan Chase & Co. upgraded Mellanox Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $98.00 to $100.00 in a research note on Thursday, October 25th. Bank of America began coverage on Mellanox Technologies in a research note on Wednesday, October 10th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Jefferies Financial Group began coverage on Mellanox Technologies in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $110.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $100.62.

In related news, VP Marc Sultzbaugh sold 10,000 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $76.13, for a total transaction of $761,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael Kagan sold 339 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $81.00, for a total value of $27,459.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,053 shares of company stock worth $1,977,069. 4.20% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp raised its stake in shares of Mellanox Technologies by 1.4% during the 3rd quarter. Mackenzie Financial Corp now owns 84,662 shares of the semiconductor producer’s stock valued at $6,218,000 after purchasing an additional 1,150 shares during the period. Sandler Capital Management raised its stake in shares of Mellanox Technologies by 81.8% during the 3rd quarter. Sandler Capital Management now owns 560,001 shares of the semiconductor producer’s stock valued at $41,132,000 after purchasing an additional 252,051 shares during the period. Verition Fund Management LLC grew its position in Mellanox Technologies by 36.2% during the third quarter. Verition Fund Management LLC now owns 11,685 shares of the semiconductor producer’s stock worth $858,000 after buying an additional 3,104 shares in the last quarter. Man Group plc grew its position in Mellanox Technologies by 46.7% during the third quarter. Man Group plc now owns 141,779 shares of the semiconductor producer’s stock worth $10,414,000 after buying an additional 45,154 shares in the last quarter. Finally, Sensato Investors LLC grew its position in Mellanox Technologies by 148.1% during the third quarter. Sensato Investors LLC now owns 251,695 shares of the semiconductor producer’s stock worth $18,487,000 after buying an additional 150,254 shares in the last quarter. Institutional investors own 74.96% of the company’s stock.

Shares of MLNX opened at $93.00 on Tuesday. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 102.19, a PEG ratio of 1.34 and a beta of 0.31. Mellanox Technologies has a 1 year low of $48.60 and a 1 year high of $99.14.

About Mellanox Technologies

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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Earnings History and Estimates for Mellanox Technologies (NASDAQ:MLNX)

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