Mellanox Technologies Ltd. (MLNX): Today's Featured Electronics Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
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(
) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 1.1%. By the end of trading, Mellanox Technologies rose $1.58 (1.9%) to $83.98 on light volume. Throughout the day, 546,767 shares of Mellanox Technologies exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in a price between $81.67-$84.89 after having opened the day at $82.79 as compared to the previous trading day's close of $82.40. Other companies within the Electronics industry that increased today were:
(
), up 18.6%,
(
), up 16.5%,
(
), up 14.6%, and
(
), up 14.6%.
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Mellanox technologies, Ltd., a fabless semiconductor company, produces and supplies interconnect products for computing, storage, and communication applications in the computing, Web 2.0, storage, financial services, database, and cloud markets. Mellanox Technologies has a market cap of $3.6 billion and is part of the technology sector. The company has a P/E ratio of 27.8, above the S&P 500 P/E ratio of 17.7. Shares are up 162% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Mellanox Technologies a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates Mellanox Technologies as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Mellanox Ratings Report.
On the negative front,
(
), down 40.8%,
(
), down 25.3%,
(
), down 11.8%, and
(
), down 9.4%, were all laggards within the electronics industry with
(
) being today's electronics industry laggard.
- Use our electronics section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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