NASDAQ:MLNXMellanox Technologies Stock Price, Forecast & News

Mellanox Technologies' stock was trading at $111.96 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MLNX stock has increased by 11.5% and is now trading at $124.89. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mellanox Technologies in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Mellanox Technologies.

Mellanox Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Mellanox Technologies.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) posted its quarterly earnings data on Thursday, April, 23rd. The semiconductor producer reported $2.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.87. The semiconductor producer had revenue of $428.70 million for the quarter, compared to analyst estimates of $344.40 million. Mellanox Technologies had a net margin of 18.04% and a return on equity of 25.43%. The company's quarterly revenue was up 40.5% on a year-over-year basis. During the same period last year, the company earned $1.59 earnings per share. View Mellanox Technologies' earnings history.

3 Wall Street analysts have issued 1-year price objectives for Mellanox Technologies' shares. Their forecasts range from $145.00 to $145.00. On average, they anticipate Mellanox Technologies' stock price to reach $145.00 in the next year. This suggests a possible upside of 16.1% from the stock's current price. View analysts' price targets for Mellanox Technologies.

Media headlines about MLNX stock have trended positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mellanox Technologies earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned media headlines 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 stock's share price in the next several days. View the latest news aboutMellanox Technologies.

Mellanox Technologies saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,440,000 shares, an increase of 40.2% from the April 15th total of 1,740,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 4.6% of the shares of the company are short sold. View Mellanox Technologies' Current Options Chain.

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

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

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

Mellanox Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (3.82%), Alpine Associates Management Inc. (2.85%), Magnetar Financial LLC (2.53%), UBS Group AG (1.57%), Harel Insurance Investments & Financial Services Ltd. (1.54%) and Pictet Asset Management Ltd. (1.10%). Company insiders that own Mellanox Technologies stock include Amal M Johnson, Clifton Thomas Weatherford, Douglas T Ahrens, Glenda Dorchak, Marc Sultzbaugh, Michael Kagan, Steve Sanghi and Value Lp Starboard. View institutional ownership trends for Mellanox Technologies.

MLNX stock was sold by a variety of institutional investors in the last quarter, including CNH Partners LLC, Pictet Asset Management Ltd., Meitav Dash Investments Ltd., Water Island Capital LLC, Alpine Associates Management Inc., Menora Mivtachim Holdings LTD., Two Sigma Investments LP, and Quinn Opportunity Partners LLC. Company insiders that have sold Mellanox Technologies company stock in the last year include Douglas T Ahrens, Glenda Dorchak, and Marc Sultzbaugh. View insider buying and selling activity for Mellanox Technologies.

MLNX stock was purchased by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, Segantii Capital Management Ltd, Healthcare of Ontario Pension Plan Trust Fund, Athanor Capital LP, Harel Insurance Investments & Financial Services Ltd., Canada Pension Plan Investment Board, Massachusetts Financial Services Co. MA, and IndexIQ Advisors LLC. View insider buying and selling activity 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 $124.89.

Mellanox Technologies has a market capitalization of $7.00 billion and generates $1.33 billion in revenue each year. The semiconductor producer earns $205.10 million in net income (profit) each year or $5.17 on an earnings per share basis. Mellanox Technologies employs 2,777 workers across the globe.

The official website for Mellanox Technologies is 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]