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

October 25, 2017 – By Nellie Frank

Investors sentiment decreased to 0.93 in Q2 2017. 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.
Lombard Odier Asset Management (Usa) Corp reported 65,000 shares or 0.22% of all its holdings. Geode Mngmt Ltd Liability Corporation owns 31,844 shares. Jpmorgan Chase & stated it has 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). First Mercantile Tru Com holds 0.03% or 3,410 shares. 821 are owned by Wells Fargo & Mn. Ivory Inv Llc invested in 0.29% or 182,365 shares. Invesco Ltd holds 457,065 shares or 0.01% of its portfolio. Group Incorporated One Trading Lp owns 14,629 shares. Citadel Advsr Lc, a Illinois-based fund reported 99,068 shares. Moreover, Riverpoint Cap Mgmt Limited Liability Company has 0.78% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 260,513 shares. Washington-based Parametric Port Assocs Limited Liability has invested 0.01% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Fil holds 1.29 million shares. Bamco Ny invested 0.03% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Jane Street Ltd Liability has invested 0.02% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Swiss Bancshares reported 73,821 shares.

Since May 1, 2017, it had 0 insider buys, and 2 sales for $389,055 activity. Shares for $151,555 were sold by Shulman Yakov (Jacob) on Monday, May 1. Kagan Michael sold $237,500 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Monday, May 8.

Wall Street await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to release earnings on October, 26. Analysts forecast earnings per share of $0.30, down exactly $0.27 or 47.37 % from 2014’s $0.57 EPS. The expected MLNX’s profit could reach $16.24M giving the stock 35.42 P/E in the case that $0.30 earnings per share is reported. After posting $0.10 EPS for the previous quarter, Mellanox Technologies, Ltd.’s analysts now forecast 200.00 % EPS growth. About 832,016 shares traded or 144.88% up from the average. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 12.09% since October 26, 2016 and is uptrending. It has underperformed by 4.61% the S&P500.

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

Among 14 analysts covering Mellanox Tech (NASDAQ:MLNX), 9 have Buy rating, 2 Sell and 3 Hold. Therefore 64% are positive. Mellanox Tech had 32 analyst reports since July 23, 2015 according to SRatingsIntel. On Thursday, March 24 the stock rating was maintained by Macquarie Research with “Outperform”. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, December 8. On Thursday, February 25 the stock rating was initiated by Barclays Capital with “Overweight”. Jefferies downgraded the shares of MLNX in report on Monday, November 21 to “Underperform” rating. The company was downgraded on Monday, October 9 by Barclays Capital. On Monday, January 11 the stock rating was upgraded by Credit Suisse to “Outperform”. The company was reinitiated on Thursday, February 25 by JP Morgan. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Sell” rating given on Friday, June 2 by Jefferies. Summit Redstone Partners initiated the stock with “Buy” rating in Tuesday, June 21 report. As per Thursday, April 7, the company rating was maintained by DA Davidson.

Mellanox Technologies, Ltd. is a fabless semiconductor company. The company has market cap of $2.30 billion. The Firm is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. It has a 3311.64 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: Nasdaq.com which released: “Mellanox Technologies Becomes Oversold (MLNX)” on October 17, 2017, also Seekingalpha.com published article titled: “Mellanox Technologies (MLNX) Q2 2017 Results – Earnings Call Transcript”, Seekingalpha.com published: “Mellanox Technologies (MLNX) Q1 2017 Results – Earnings Call Transcript” on April 27, 2017. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) was released by: Businesswire.com and their article: “Mellanox Achieves Record Quarterly Revenue in the Third Quarter 2017” with publication date: October 25, 2017.