Mellanox Technologies, Ltd. (MLNX) Reaches $62.40 52-Week High; Gaia Class A (GAIA) Shorts Increased By 0.03%

December 8, 2017 - By Nellie Frank

Gaia Class A (NASDAQ:GAIA) had an increase of 0.03% in short interest. GAIA’s SI was 646,700 shares in December as released by FINRA. Its up 0.03% from 646,500 shares previously. With 34,600 avg volume, 19 days are for Gaia Class A (NASDAQ:GAIA)’s short sellers to cover GAIA’s short positions. The SI to Gaia Class A’s float is 7.16%. The stock increased 0.40% or $0.05 during the last trading session, reaching $12.4. About 258 shares traded. Gaia, Inc. (NASDAQ:GAIA) has risen 39.47% since December 8, 2016 and is uptrending. It has outperformed by 22.77% the S&P500.

The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) hit a new 52-week high and has $67.39 target or 8.00% above today’s $62.40 share price. The 5 months bullish chart indicates low risk for the $3.18B company. The 1-year high was reported on Dec, 8 by If the $67.39 price target is reached, the company will be worth $254.24M more. The stock increased 1.63% or $1 during the last trading session, reaching $62.4. About 108,202 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 12.09% since December 8, 2016 and is uptrending. It has underperformed by 4.61% the S&P500.

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, makes, and sells interconnect products and solutions. The company has market cap of $3.18 billion. The Company’s products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. It currently has negative earnings. The firm offers InfiniBand solutions, including switch and gateway integrated circuits , adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; Ethernet solution for use in enterprise data center, high-performance computing, embedded environments, hyperscale Web 2.0, and cloud data centers; and Ethernet adapters.

Analysts await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings on February, 7. They expect $0.35 earnings per share, down 28.57% or $0.14 from last year’s $0.49 per share. MLNX’s profit will be $17.83 million for 44.57 P/E if the $0.35 EPS becomes a reality. After $0.35 actual earnings per share reported by Mellanox Technologies, Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 17 analysts covering Mellanox Tech (NASDAQ:MLNX), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. Mellanox Tech has $80 highest and $38.0 lowest target. $56.71’s average target is -9.12% below currents $62.4 stock price. Mellanox Tech had 41 analyst reports since July 23, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, July 23 with “Buy” rating. JP Morgan downgraded the stock to “Neutral” rating in Thursday, October 26 report. The firm has “Outperform” rating by Credit Suisse given on Monday, January 11. On Thursday, March 24 the stock rating was maintained by Macquarie Research with “Outperform”. Barclays Capital downgraded Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Monday, October 9 to “Sell” rating. The company was maintained on Thursday, October 22 by Topeka Capital Markets. JP Morgan reinitiated the stock with “Overweight” rating in Thursday, February 25 report. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Buy” rating by Brean Capital on Monday, May 9. Topeka Capital Markets maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Thursday, January 28. Topeka Capital Markets has “Hold” rating and $46 target. The company was maintained on Thursday, October 26 by Stifel Nicolaus.

Investors sentiment decreased to 0.93 in 2017 Q2. Its down 0.16, from 1.09 in 2017Q1. It dropped, 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. Janney Montgomery Scott Limited Liability Co holds 4,936 shares or 0% of its portfolio. Missouri-based Stifel Financial has invested 0.01% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Heartland Advsrs invested in 200,000 shares. State Street Corp holds 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 53,753 shares. Texas-based Employees Retirement Systems Of Texas has invested 0.04% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Massachusetts Fincl Ser Ma holds 0.05% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 2.70 million shares. Wasatch Advsrs holds 0.04% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 68,121 shares. Foundry Prtnrs Limited Liability holds 48,304 shares or 0.09% of its portfolio. First Mercantile Trust invested in 0.03% or 3,410 shares. Prudential Plc holds 167,730 shares or 0.02% of its portfolio. Loomis Sayles & Lp holds 0.03% or 340,762 shares in its portfolio. Bnp Paribas Arbitrage has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Guggenheim Cap Ltd Liability Com has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Legal General Grp Inc Public Ltd Co reported 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Alliancebernstein Lp holds 0.04% or 1.06M shares in its portfolio.

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