$0.11 EPS Expected for Mellanox Technologies, Ltd. (MLNX)

July 18, 2017 - By Hazel Jackson

 $0.11 EPS Expected for Mellanox Technologies, Ltd. (MLNX)
Investors sentiment decreased to 0.87 in Q4 2016. Its down 0.34, from 1.21 in 2016Q3. It worsened, as 34 investors sold Mellanox Technologies, Ltd. shares while 51 reduced holdings. 25 funds opened positions while 49 raised stakes. 26.21 million shares or 4.39% less from 27.41 million shares in 2016Q3 were reported.
State Street has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Clarivest Asset Mgmt Ltd Com has 2,900 shares for 0% of their portfolio. Susquehanna Group Ltd Liability Partnership has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Pier Cap Lc accumulated 132,208 shares or 0.98% of the stock. Blackrock Institutional Trust Na has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). 778,774 are held by Fil Ltd. Deutsche State Bank Ag reported 337,355 shares or 0.01% of all its holdings. Massachusetts-based Massachusetts Financial Services Ma has invested 0.04% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Pacad Investment Limited stated it has 0.01% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). 328,242 are held by Comml Bank Of America De. Greenwich Wealth Management Limited Liability Corporation stated it has 0.13% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Delta Asset Mngmt Lc Tn holds 0% or 400 shares. Morgan Stanley invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). The New York-based Art Limited has invested 0.03% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Rothschild Il, Illinois-based fund reported 39,720 shares.

Since February 1, 2017, it had 0 buys, and 15 selling transactions for $3.99 million activity. 10,000 shares were sold by Cohen Shai, worth $480,095. Dorchak Glenda also sold $97,918 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares. Another trade for 2,857 shares valued at $142,850 was made by Johnson Amal M on Friday, March 10. The insider Kagan Michael sold $144,510. $245,600 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was sold by Sultzbaugh Marc on Friday, February 17. Shares for $1.17M were sold by Waldman Eyal. 2,579 shares were sold by Shulman Yakov (Jacob), worth $128,692 on Thursday, February 23.

Wall Street await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to release earnings on July, 19. Analysts forecast earnings per share of $0.11, down exactly $0.39 or 78.00 % from 2014’s $0.5 EPS. The expected MLNX’s profit could reach $5.49 million giving the stock 102.39 P/E in the case that $0.11 earnings per share is reported. The stock increased 0.11% or $0.05 during the last trading session, reaching $45.05. About shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 12.09% since July 18, 2016 and is uptrending. It has underperformed by 4.61% the S&P500.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Ratings Coverage

Among 11 analysts covering Mellanox Tech (NASDAQ:MLNX), 10 have Buy rating, 1 Sell and 0 Hold. Therefore 91% are positive. Mellanox Tech had 20 analyst reports since July 23, 2015 according to SRatingsIntel. On Monday, November 21 the stock rating was downgraded by Jefferies to “Underperform”. The firm has “Sell” rating given on Monday, July 10 by Jefferies. The firm earned “Buy” rating on Tuesday, June 21 by Summit Redstone Partners. The company was upgraded on Monday, January 11 by Credit Suisse. Stifel Nicolaus maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, January 28 with “Buy” rating. DA Davidson maintained it with “Buy” rating and $73 target in Thursday, April 7 report. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Outperform” rating by Macquarie Research on Thursday, March 24. The stock has “Buy” rating by Topeka Capital Markets on Wednesday, February 24. The firm has “Sell” rating given on Friday, June 2 by Jefferies. The stock has “Overweight” rating by JP Morgan on Thursday, February 25.

Mellanox Technologies, Ltd. is a fabless semiconductor company. The company has market cap of $2.25 billion. The Firm is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. It has a 168.05 P/E ratio. The Firm operates in the development, manufacturing, marketing and sales of interconnect products segment.

More notable recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Seekingalpha.com which released: “Mellanox Technologies (MLNX) Q1 2017 Results – Earnings Call Transcript” on April 27, 2017, also Seekingalpha.com with their article: “Mellanox Technologies (MLNX) Q4 2016 Results – Earnings Call Transcript” published on February 02, 2017, Streetinsider.com published: “Mellanox Technologies (MLNX) EDR InifiniBand Solutions Selected by NASA to …” on June 19, 2017. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) were released by: Businesswire.com and their article: “Mellanox InfiniBand and Ethernet Solutions Accelerate New Intel” published on July 11, 2017 as well as Fool.com‘s news article titled: “Mellanox Technologies, Ltd. Confident in Battle Against Intel Corporation” with publication date: October 13, 2016.

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