Mellanox Technologies, Ltd. (MLNX) CEO Sells $128,829.25 in Stock

Mellanox Technologies, Ltd. (NASDAQ:MLNX) CEO Eyal Waldman sold 1,975 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $65.23, for a total transaction of $128,829.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Eyal Waldman also recently made the following trade(s):

  • On Saturday, December 29th, Eyal Waldman sold 2,500 shares of Mellanox Technologies stock. The shares were sold at an average price of $64.80, for a total transaction of $162,000.00.
  • On Friday, December 29th, Eyal Waldman sold 5,000 shares of Mellanox Technologies stock. The shares were sold at an average price of $64.90, for a total transaction of $324,500.00.
  • On Friday, December 1st, Eyal Waldman sold 12,500 shares of Mellanox Technologies stock. The shares were sold at an average price of $59.49, for a total transaction of $743,625.00.
  • On Tuesday, November 21st, Eyal Waldman sold 2,500 shares of Mellanox Technologies stock. The shares were sold at an average price of $55.40, for a total transaction of $138,500.00.
  • On Wednesday, November 8th, Eyal Waldman sold 121,772 shares of Mellanox Technologies stock. The shares were sold at an average price of $50.00, for a total transaction of $6,088,600.00.

Shares of Mellanox Technologies, Ltd. (MLNX) opened at $61.35 on Thursday. Mellanox Technologies, Ltd. has a one year low of $41.55 and a one year high of $69.00. The company has a quick ratio of 2.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3,152.49, a P/E ratio of -157.31, a PEG ratio of 2.05 and a beta of 0.71.

Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share for the quarter, beating 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 analysts’ expectations of $235.43 million. During the same quarter in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. sell-side analysts forecast that Mellanox Technologies, Ltd. will post 1.95 earnings per share for the current year.

A number of analysts have commented on the stock. Loop Capital assumed coverage on shares of Mellanox Technologies in a report on Monday, January 29th. They issued a “buy” rating and a $84.00 price objective for the company. DA Davidson reiterated a “buy” rating and issued a $80.00 price objective on shares of Mellanox Technologies in a report on Monday, January 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price objective on shares of Mellanox Technologies in a report on Friday, January 19th. Piper Jaffray Companies reiterated a “hold” rating and issued a $73.00 price objective on shares of Mellanox Technologies in a report on Friday, January 19th. Finally, Susquehanna Bancshares reiterated a “positive” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Mellanox Technologies in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $67.45.

Institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Mellanox Technologies by 404.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,765 shares of the semiconductor producer’s stock worth $114,000 after purchasing an additional 1,415 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in shares of Mellanox Technologies during the 4th quarter worth approximately $166,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Mellanox Technologies by 36.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,955 shares of the semiconductor producer’s stock worth $191,000 after purchasing an additional 788 shares during the period. Legal & General Group Plc boosted its position in shares of Mellanox Technologies by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock worth $194,000 after purchasing an additional 199 shares during the period. Finally, Juncture Wealth Strategies LLC purchased a new position in shares of Mellanox Technologies during the 3rd quarter worth approximately $222,000. 60.74% of the stock is owned by institutional investors and hedge funds.

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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)

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