Mellanox Technologies, Ltd. (MLNX) Short Interest Update

Mellanox Technologies, Ltd. (NASDAQ:MLNX) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 449,489 shares, a decrease of 64.4% from the January 12th total of 1,263,414 shares. Based on an average trading volume of 967,214 shares, the short-interest ratio is presently 0.5 days. Approximately 1.0% of the shares of the stock are sold short.

In other news, insider Jonathan Khazam bought 400 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were bought at an average cost of $66.50 per share, with a total value of $26,600.00. Following the purchase, the insider now directly owns 1,450 shares in the company, valued at $96,425. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Eyal Waldman sold 1,975 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $65.23, for a total transaction of $128,829.25. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,292 shares of company stock valued at $85,270 and have sold 117,621 shares valued at $7,221,415. 6.05% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of Mellanox Technologies by 404.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,765 shares of the semiconductor producer’s stock worth $114,000 after acquiring an additional 1,415 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in Mellanox Technologies in the fourth quarter worth $166,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mellanox Technologies by 36.4% in the fourth 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 in the last quarter. Virtu Financial LLC bought a new stake in Mellanox Technologies in the fourth quarter worth $257,000. Finally, First Interstate Bank boosted its holdings in Mellanox Technologies by 77.2% in the fourth quarter. First Interstate Bank now owns 4,660 shares of the semiconductor producer’s stock worth $302,000 after purchasing an additional 2,030 shares in the last quarter. 60.92% of the stock is currently owned by institutional investors and hedge funds.

MLNX has been the topic of several recent analyst reports. KeyCorp reissued a “hold” rating on shares of Mellanox Technologies in a research note on Tuesday, October 17th. JPMorgan Chase & Co. downgraded shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Stifel Nicolaus cut their target price on shares of Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Barclays set a $47.00 target price on shares of Mellanox Technologies and gave the company a “sell” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Mellanox Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.45.

Mellanox Technologies (MLNX) opened at $61.45 on Wednesday. Mellanox Technologies 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 $3,130.00, a price-to-earnings ratio of -157.56, a PEG ratio of 2.01 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, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $235.43 million. During the same period in the prior year, the business posted $0.82 earnings per share. Mellanox Technologies’s revenue for the quarter was up 7.2% compared to the same quarter last year. research analysts predict that Mellanox Technologies will post 1.95 EPS for the current fiscal year.

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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.

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