How Analysts Feel About Mellanox Technologies, Ltd. After Today’s Bearish Options Activity?

 How Analysts Feel About Mellanox Technologies, Ltd. After Today's Bearish Options Activity?

In today’s session Mellanox Technologies, Ltd. (MLNX) recorded an unusually high (360) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious MLNX decrease. With 360 contracts traded and 984 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: MLNX161021P00040000 closed last at: $0.35 or 40% up. About 81,502 shares traded hands. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has declined 13.82% since March 7, 2016 and is downtrending. It has underperformed by 21.42% the S&P500.

Analysts await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings on October, 19. They expect $0.60 EPS, up 25.00% or $0.12 from last year’s $0.48 per share. MLNX’s profit will be $28.82M for 18.04 P/E if the $0.60 EPS becomes a reality. After $0.50 actual EPS reported by Mellanox Technologies, Ltd. for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

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

Out of 11 analysts covering Mellanox Tech (NASDAQ:MLNX), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. $80 is the highest target while $40 is the lowest. The $63.44 average target is 46.51% above today’s ($43.3) stock price. Mellanox Tech has been the topic of 17 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Thursday, January 28, the company rating was maintained by Topeka Capital Markets. Topeka Capital Markets upgraded Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Wednesday, February 24. Topeka Capital Markets has “Buy” rating and $60 price target. Topeka Capital Markets maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Thursday, October 22. Topeka Capital Markets has “Hold” rating and $48 price target. DA Davidson maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, April 7 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $80 target price in Thursday, January 28 report. Brean Capital initiated the stock with “Buy” rating in Monday, May 9 report. Credit Suisse upgraded the shares of MLNX in a report on Monday, January 11 to “Outperform” rating. Macquarie Research maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, March 24 with “Outperform” rating. On Thursday, July 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Overweight” rating given on Tuesday, December 8 by Piper Jaffray.

According to Zacks Investment Research, “MELLANOX TECHNOLOGIES is a leading supplier of semiconductor-based, interconnect products to world-class server, storage, and infrastructure OEMs servicing Fortune 500 data centers, the world’s most powerful supercomputers, and mission critical embedded applications. The company’s Virtual Protocol Interconnect enables standard communication protocols to operate over any converged network (InfiniBand, Ethernet, Data Center Ethernet) with the same software solution. Utilizing proven networking, clustering, storage, virtualization and RDMA acceleration engines, VPI optimizes application performance, power consumption, workload agility, and total system efficiency while future-proofing IT infrastructure.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.25, from 1.18 in 2016Q1. The ratio dropped, as 46 funds sold all Mellanox Technologies, Ltd. shares owned while 50 reduced positions. 22 funds bought stakes while 67 increased positions. They now own 30.46 million shares or 0.94% less from 30.75 million shares in 2016Q1.
Cupps Cap Llc has 0.54% invested in the company for 43,696 shares. Savings Bank Of Montreal Can has 24,284 shares for 0% of their US portfolio. Deutsche Bancorp Ag holds 0.02% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 619,693 shares. Eagle Glob Advsr Limited Company has 0.01% invested in the company for 8,500 shares. Ahl Prtnrs Llp holds 6,251 shares or 0.02% of its portfolio. Brick & Kyle Assocs holds 200 shares or 0.01% of its portfolio. The United Kingdom-based Origin Asset Mgmt Ltd Liability Partnership has invested 0.81% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Walleye Trading Ltd Liability holds 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 773 shares. Seabridge Investment Limited Liability Company holds 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 275 shares. Gsa Capital Partners Llp holds 0.04% or 15,163 shares in its portfolio. Northern Trust holds 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 120,489 shares. Cap Fund Mngmt Sa, a France-based fund reported 14,989 shares. Coe Capital Ltd Liability Corp accumulated 0% or 11,095 shares. Symmetry Peak Management Ltd last reported 10,000 shares in the company. Pro reported 136 shares or 0% of all its holdings.

Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 21 selling transactions for $8.80 million net activity. Another trade for 3,571 shares valued at $162,302 was sold by Johnson Amal M. Waldman Eyal sold $1.09M worth of stock. 2,781 Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares with value of $123,716 were sold by Shulman Yakov (Jacob). Another trade for 1,000 shares valued at $47,892 was sold by RIORDAN THOMAS. The insider FEDERMAN IRWIN sold 25,000 shares worth $1.14M. Another trade for 5,000 shares valued at $245,250 was made by Sultzbaugh Marc on Monday, June 6. The insider Dorchak Glenda sold $64,233.

Mellanox Technologies, Ltd. is a fabless semiconductor company. The company has a market cap of $2.08 billion. The Firm designs, makes and sells interconnect products and solutions primarily based on the InfiniBand and Ethernet standards. It has a 34.58 P/E ratio. The Firm operates in the development, manufacturing, marketing and sales of interconnect products segment.

MLNX Company Profile

Mellanox Technologies, Ltd., incorporated on March 30, 1999, is a fabless semiconductor company. The Firm designs, makes and sells interconnect products and solutions primarily based on the InfiniBand and Ethernet standards. The Firm operates in the development, manufacturing, marketing and sales of interconnect products segment. The Company’s products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems. It operates its business across the globe and offers products to clients at various levels of integration. The products it offers include integrated circuits (ICs), adapter cards, switch systems, cables, modules, software, services and accessories as an integral part of networking solution focused on computing, storage and communication applications used in multiple markets, including high-performance computing (HPC), Web 2.0, storage, financial services, enterprise data center (EDC) and cloud.

More recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Businesswire.com which released: “Mellanox Technologies, Ltd. to Host Analyst Day on October 28, 2016” on October 10, 2016. Also Fool.com published the news titled: “Mellanox Technologies, Ltd. Updates Investors on Intel Corp.’s Omni-Path” on May 16, 2016. Fool.com‘s news article titled: “Mellanox Technology Ltd. Trashes Intel Corp.’s Omni-Path” with publication date: March 22, 2016 was also an interesting one.

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