Susquehanna Maintains Their Hold Rating on Mellanox (MLNX)

In a report released yesterday, Christopher Rolland from Susquehanna maintained a Hold rating on Mellanox (MLNX), with a price target of $125. The company’s shares opened today at $117.02, close to its 52-week high of $121.13.

According to TipRanks.com, Rolland is a 5-star analyst with an average return of 10.6% and a 62.0% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Texas Instruments.

The word on The Street in general, suggests a Hold analyst consensus rating for Mellanox with a $125.75 average price target.

See today’s analyst top recommended stocks >>

Based on Mellanox’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $48.62 million. In comparison, last year the company earned revenue of $251 million and had a net profit of $37.84 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Mellanox Technologies Ltd. engages in the development, manufacture, marketing and sale of interconnect products. It includes integrated circuits, adapter cards, switch systems, multi-core and network processors, systems on a chip, cables, modules, software, services, and accessories.