NASDAQ:MLNX - Mellanox Technologies Stock Price, Forecast & News

Mellanox Technologies trades on the NASDAQ under the ticker symbol "MLNX."

Mellanox Technologies, Ltd. (NASDAQ:MLNX) posted its quarterly earnings data on Wednesday, October, 30th. The semiconductor producer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.11. The semiconductor producer earned $335.30 million during the quarter, compared to analysts' expectations of $315.59 million. Mellanox Technologies had a net margin of 14.03% and a return on equity of 18.84%. The company's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.33 EPS. View Mellanox Technologies' Earnings History.

Mellanox Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Mellanox Technologies.

7 analysts have issued 12 month price targets for Mellanox Technologies' shares. Their forecasts range from $117.95 to $128.00. On average, they anticipate Mellanox Technologies' share price to reach $123.99 in the next year. This suggests a possible upside of 3.5% from the stock's current price. View Analyst Price Targets for Mellanox Technologies.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mellanox Technologies in the last year. There are currently 7 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mellanox Technologies.

News coverage about MLNX stock has been trending extremely negative on Tuesday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mellanox Technologies earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned media coverage about the semiconductor producer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Mellanox Technologies.

Mellanox Technologies saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,610,000 shares, a decline of 35.1% from the December 15th total of 2,480,000 shares. Based on an average daily volume of 398,400 shares, the short-interest ratio is presently 4.0 days. Approximately 3.1% of the company's shares are short sold. View Mellanox Technologies' Current Options Chain.

Some companies that are related to Mellanox Technologies include Microchip Technology (MCHP), Xilinx (XLNX), Kyocera (KYOCY), STMicroelectronics (STM), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Qorvo (QRVO), ASE Technology (ASX), Advantest (ATEYY), ON Semiconductor (ON), Semiconductor Manufacturing International (SMICY), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR) and IPG Photonics (IPGP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mellanox Technologies investors own include Brainstorm Cell Therapeutics (BCLI), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), Micron Technology (MU), Netflix (NFLX), salesforce.com (CRM), QUALCOMM (QCOM), Transocean (RIG) and Cisco Systems (CSCO).

Mellanox Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Alpine Global Management LLC (0.30%), Endurance Wealth Management Inc. (0.10%), Calamos Advisors LLC (0.06%), FNY Investment Advisers LLC (0.02%), Cerebellum GP LLC (0.01%) and Vigilant Capital Management LLC (0.00%). Company insiders that own Mellanox Technologies stock include Amal M Johnson, Clifton Thomas Weatherford, Efrat Makov, Eyal Waldman, Glenda Dorchak, Jon A Olson, Jonathan Khazam, Jorge Titinger, Marc Sultzbaugh, Michael Kagan, Shai Cohen, Steve Sanghi, Value Lp Starboard and Yakov (Jacob) Shulman. View Institutional Ownership Trends for Mellanox Technologies.

MLNX stock was sold by a variety of institutional investors in the last quarter, including Endurance Wealth Management Inc.. Company insiders that have sold Mellanox Technologies company stock in the last year include Amal M Johnson, Glenda Dorchak and Marc Sultzbaugh. View Insider Buying and Selling for Mellanox Technologies.

MLNX stock was purchased by a variety of institutional investors in the last quarter, including Alpine Global Management LLC, Calamos Advisors LLC, FNY Investment Advisers LLC, Cerebellum GP LLC and Vigilant Capital Management LLC. Company insiders that have bought Mellanox Technologies stock in the last two years include Efrat Makov, Jon A Olson, Jonathan Khazam, Jorge Titinger and Steve Sanghi. View Insider Buying and Selling for Mellanox Technologies.

Shares of MLNX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MLNX stock can currently be purchased for approximately $119.81.

Mellanox Technologies has a market capitalization of $6.65 billion and generates $1.09 billion in revenue each year. The semiconductor producer earns $134.26 million in net income (profit) each year or $3.85 on an earnings per share basis. Mellanox Technologies employs 2,446 workers across the globe.View Additional Information About Mellanox Technologies.

The official website for Mellanox Technologies is http://www.mellanox.com/.

Mellanox Technologies' mailing address is Beit Mellanox, Yokneam L3, 20692. The semiconductor producer can be reached via phone at 972-4909-7200 or via email at [email protected]