Somewhat Positive Press Coverage Somewhat Unlikely to Impact Mellanox Technologies (MLNX) Share Price

Press coverage about Mellanox Technologies (NASDAQ:MLNX) has trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mellanox Technologies earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the semiconductor producer an impact score of 46.9404177841062 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

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NASDAQ MLNX opened at $75.75 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.58 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4,029.32, a price-to-earnings ratio of 83.24, a PEG ratio of 2.07 and a beta of 0.54. Mellanox Technologies has a 52 week low of $41.55 and a 52 week high of $79.85.

Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings data on Tuesday, April 17th. The semiconductor producer reported $0.98 EPS for the quarter, topping the consensus estimate of $0.85 by $0.13. The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $244.93 million. Mellanox Technologies had a net margin of 3.31% and a return on equity of 8.18%. Mellanox Technologies’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. analysts predict that Mellanox Technologies will post 2.49 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on MLNX shares. Benchmark reiterated a “buy” rating and set a $90.00 price objective (up previously from $80.00) on shares of Mellanox Technologies in a research report on Friday, April 13th. DA Davidson boosted their price target on shares of Mellanox Technologies to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Summit Redstone set a $75.00 price target on shares of Mellanox Technologies and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Susquehanna Bancshares boosted their price target on shares of Mellanox Technologies from $80.00 to $90.00 and gave the stock a “positive” rating in a research report on Tuesday, April 17th. Finally, Piper Jaffray restated a “hold” rating and issued a $73.00 price target on shares of Mellanox Technologies in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Mellanox Technologies has an average rating of “Buy” and a consensus target price of $79.58.

In other news, CEO Eyal Waldman sold 1,975 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $65.23, for a total transaction of $128,829.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Marc Sultzbaugh sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $67.00, for a total transaction of $335,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,292 shares of company stock valued at $85,270 and have sold 54,381 shares valued at $3,628,808. 6.05% of the stock is owned by insiders.

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Mellanox Technologies Company Profile

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, and sells interconnect products and solutions worldwide. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; Ethernet solutions, such as Ethernet switch products and Ethernet adapters for use in enterprise data center, high-performance computing, embedded environments, hyperscale, Web 2.0, and cloud data centers.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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