Glenda Dorchak Sells 5,500 Shares of Mellanox Technologies, Ltd. (MLNX) Stock

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Director Glenda Dorchak sold 5,500 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $64.88, for a total transaction of $356,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Glenda Dorchak also recently made the following trade(s):

  • On Wednesday, November 8th, Glenda Dorchak sold 8,000 shares of Mellanox Technologies stock. The shares were sold at an average price of $50.00, for a total transaction of $400,000.00.

Mellanox Technologies, Ltd. (NASDAQ MLNX) opened at $63.15 on Thursday. The company has a quick ratio of 2.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.17. Mellanox Technologies, Ltd. has a fifty-two week low of $40.70 and a fifty-two week high of $66.15. The company has a market cap of $3,220.00, a P/E ratio of -394.69, a PEG ratio of 2.50 and a beta of 0.62.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. The firm had revenue of $225.70 million for the quarter, compared to analyst estimates of $226.74 million. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. research analysts anticipate that Mellanox Technologies, Ltd. will post 0.84 earnings per share for the current year.

Several analysts have recently weighed in on MLNX shares. Stifel Nicolaus upped their price objective on shares of Mellanox Technologies from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. BidaskClub upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective on the stock in a report on Wednesday, December 27th. Barclays set a $47.00 price objective on shares of Mellanox Technologies and gave the stock a “sell” rating in a report on Thursday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of Mellanox Technologies in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $58.60.

Institutional investors have recently added to or reduced their stakes in the business. HL Financial Services LLC lifted its holdings in Mellanox Technologies by 28.5% during the 3rd quarter. HL Financial Services LLC now owns 13,833 shares of the semiconductor producer’s stock worth $652,000 after buying an additional 3,067 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Mellanox Technologies during the 3rd quarter worth approximately $519,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Mellanox Technologies by 15.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,185,765 shares of the semiconductor producer’s stock worth $55,909,000 after buying an additional 156,119 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Mellanox Technologies by 240.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 89,615 shares of the semiconductor producer’s stock worth $4,225,000 after buying an additional 63,300 shares in the last quarter. Finally, Senvest Management LLC lifted its holdings in Mellanox Technologies by 27.5% during the 3rd quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock worth $51,257,000 after buying an additional 234,424 shares in the last quarter. Institutional investors own 60.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Glenda Dorchak Sells 5,500 Shares of Mellanox Technologies, Ltd. (MLNX) Stock” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2018/01/11/glenda-dorchak-sells-5500-shares-of-mellanox-technologies-ltd-mlnx-stock.html.

Mellanox Technologies Company Profile

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.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit