$0.30 EPS Expected for Mellanox Technologies, Ltd. (MLNX)

October 12, 2017 - By Michael Collier

 $0.30 EPS Expected for Mellanox Technologies, Ltd. (MLNX)
Investors sentiment decreased to 0.93 in 2017 Q2. Its down 0.16, from 1.09 in 2017Q1. It fall, as 20 investors sold Mellanox Technologies, Ltd. shares while 53 reduced holdings. 31 funds opened positions while 37 raised stakes. 29.75 million shares or 9.85% less from 32.99 million shares in 2017Q1 were reported.
First Mercantile reported 3,410 shares or 0.03% of all its holdings. 2,500 were accumulated by Da Davidson And Com. Jpmorgan Chase accumulated 48,284 shares. Cipher L P invested in 32,418 shares or 0.11% of the stock. Ohio-based Riverpoint Management Ltd Llc has invested 0.78% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Canada Pension Plan Inv Board reported 26,315 shares. Fmr Ltd Liability Company holds 0.02% or 3.04M shares. Wells Fargo & Mn reported 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Barclays Public Limited Liability has 11,755 shares for 0% of their portfolio. Loomis Sayles & Ltd Partnership stated it has 340,762 shares. Parametric Assoc Lc reported 96,453 shares. Neuberger Berman Group Llc owns 865,765 shares for 0.05% of their portfolio. Janney Montgomery Scott Limited Co owns 4,936 shares or 0% of their US portfolio. D E Shaw Com holds 0.01% in Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 112,647 shares. Sterling Mngmt Ltd Liability Company invested in 0.01% or 27,314 shares.

Since May 1, 2017, it had 0 buys, and 2 selling transactions for $389,055 activity. $237,500 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares were sold by Kagan Michael. Another trade for 3,219 shares valued at $151,555 was made by Shulman Yakov (Jacob) on Monday, May 1.

Analysts expect Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report $0.30 EPS on October, 26.They anticipate $0.27 EPS change or 47.37 % from last quarter’s $0.57 EPS. MLNX’s profit would be $15.10 million giving it 37.25 P/E if the $0.30 EPS is correct. After having $0.10 EPS previously, Mellanox Technologies, Ltd.’s analysts see 200.00 % EPS growth. The stock decreased 1.00% or $0.45 during the last trading session, reaching $44.7. About 239,949 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 12.09% since October 13, 2016 and is uptrending. It has underperformed by 4.61% the S&P500.

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

Among 13 analysts covering Mellanox Tech (NASDAQ:MLNX), 9 have Buy rating, 2 Sell and 2 Hold. Therefore 69% are positive. Mellanox Tech had 31 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Sell” on Thursday, September 7. The firm has “Hold” rating by Roth Capital given on Monday, July 24. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Buy” rating by Stifel Nicolaus on Thursday, January 28. The firm has “Buy” rating by Topeka Capital Markets given on Wednesday, February 24. Macquarie Research maintained it with “Outperform” rating and $70 target in Thursday, March 24 report. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Buy” rating given on Tuesday, June 21 by Summit Redstone Partners. The firm has “Hold” rating by Topeka Capital Markets given on Thursday, January 28. The firm has “Sell” rating given on Monday, July 10 by Jefferies. DA Davidson initiated the shares of MLNX in report on Thursday, September 24 with “Buy” rating. As per Friday, June 2, the company rating was maintained by Jefferies.

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 3232.1 P/E ratio. The Firm operates in the development, manufacturing, marketing and sales of interconnect products segment.

More important recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Seekingalpha.com which released: “Mellanox Technologies (MLNX) Q2 2017 Results – Earnings Call Transcript” on July 27, 2017, also Seekingalpha.com published article titled: “Turbulence Creates Another Opportunity At Mellanox”, Seekingalpha.com published: “Mellanox Technologies (MLNX) Q4 2016 Results – Earnings Call Transcript” on February 02, 2017. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) was released by: Seekingalpha.com and their article: “Mellanox Technologies (MLNX) Q1 2017 Results – Earnings Call Transcript” with publication date: April 27, 2017.

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