Media headlines about Mellanox Technologies (NASDAQ:MLNX) have been trending somewhat positive recently, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mellanox Technologies earned a coverage optimism score of 0.06 on Alpha One’s scale. Alpha One also gave news headlines about the semiconductor producer an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected AlphaOne Sentiment’s rankings:
MLNX has been the subject of a number of research reports. Zacks Investment Research raised Mellanox Technologies from a “strong sell” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Wednesday, April 5th. Piper Jaffray Companies cut Mellanox Technologies from an “overweight” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research note on Thursday, April 27th. Barclays PLC reissued a “buy” rating and issued a $55.00 price objective on shares of Mellanox Technologies in a research note on Wednesday, January 11th. Jefferies Group LLC reduced their price objective on Mellanox Technologies from $37.00 to $36.00 and set a “sell” rating for the company in a research note on Thursday, February 2nd. Finally, Rosenblatt Securities initiated coverage on Mellanox Technologies in a research note on Wednesday, February 22nd. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Mellanox Technologies has a consensus rating of “Hold” and an average price target of $53.89.
Shares of Mellanox Technologies (NASDAQ:MLNX) traded up 1.42% on Friday, hitting $46.35. The company had a trading volume of 522,159 shares. The firm’s 50 day moving average price is $50.16 and its 200-day moving average price is $45.91. Mellanox Technologies has a 52 week low of $38.75 and a 52 week high of $52.80. The stock has a market capitalization of $2.29 billion, a PE ratio of 176.91 and a beta of 0.56.
Mellanox Technologies (NASDAQ:MLNX) last issued its earnings results on Wednesday, April 26th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.20. Mellanox Technologies had a return on equity of 10.68% and a net margin of 2.16%. The firm earned $188.65 million during the quarter, compared to the consensus estimate of $204.70 million. During the same period last year, the firm posted $0.81 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts forecast that Mellanox Technologies will post $2.34 earnings per share for the current fiscal year.
In other news, VP Marc Sultzbaugh sold 5,000 shares of Mellanox Technologies stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $49.12, for a total value of $245,600.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Michael Kagan sold 1,946 shares of Mellanox Technologies stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $48.40, for a total value of $94,186.40. The disclosure for this sale can be found here. Insiders own 6.32% of the company’s stock.
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.