Mellanox Technologies, Ltd. (NASDAQ:MLNX) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $117.99.

MLNX has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of MAV Beauty Brands from C$15.00 to C$14.00 in a research note on Friday, March 29th. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 16th. ValuEngine cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Rosenblatt Securities increased their target price on shares of QUALCOMM from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th.

Shares of NASDAQ MLNX traded down $0.63 during midday trading on Tuesday, reaching $111.55. 188,159 shares of the company’s stock traded hands, compared to its average volume of 375,164. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 3.38. The stock’s 50 day moving average is $111.36. Mellanox Technologies has a one year low of $65.68 and a one year high of $121.13. The stock has a market cap of $6.11 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 1.03 and a beta of 0.36.

In related news, Director Steve Sanghi purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was acquired at an average price of $110.54 per share, with a total value of $2,210,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenda Dorchak sold 1,750 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $112.12, for a total transaction of $196,210.00. Following the completion of the transaction, the director now directly owns 20,716 shares of the company’s stock, valued at approximately $2,322,677.92. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Neuberger Berman Group LLC raised its holdings in shares of Mellanox Technologies by 27.0% in the first quarter. Neuberger Berman Group LLC now owns 1,404,302 shares of the semiconductor producer’s stock worth $166,207,000 after buying an additional 298,466 shares during the last quarter. Rothschild Investment Corp IL raised its holdings in shares of Mellanox Technologies by 9.8% in the first quarter. Rothschild Investment Corp IL now owns 22,510 shares of the semiconductor producer’s stock worth $2,664,000 after buying an additional 2,000 shares during the last quarter. S. Muoio & CO. LLC purchased a new position in shares of Mellanox Technologies in the first quarter worth $1,420,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of 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 buying an additional 33,874 shares during the last quarter. Finally, QS Investors LLC raised its holdings in shares of Mellanox Technologies by 1,374.0% in the fourth quarter. QS Investors LLC now owns 1,813 shares of the semiconductor producer’s stock worth $168,000 after buying an additional 1,690 shares during the last quarter. 75.09% of the stock is 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.

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Analyst Recommendations for Mellanox Technologies (NASDAQ:MLNX)

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