Sphera Funds Management LTD. purchased a new position in Mellanox Technologies, Ltd. (NASDAQ:MLNX) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 73,446 shares of the semiconductor producer’s stock, valued at approximately $4,752,000.
Several other large investors also recently modified their holdings of the company. OppenheimerFunds Inc. lifted its stake in shares of Mellanox Technologies by 12.5% in the 4th quarter. OppenheimerFunds Inc. now owns 1,130,477 shares of the semiconductor producer’s stock worth $73,142,000 after acquiring an additional 125,327 shares during the period. Virtu Financial LLC acquired a new stake in shares of Mellanox Technologies in the 4th quarter worth approximately $257,000. UBS Asset Management Americas Inc. lifted its stake in shares of Mellanox Technologies by 8.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 22,978 shares of the semiconductor producer’s stock worth $1,487,000 after acquiring an additional 1,884 shares during the period. Swiss National Bank lifted its stake in shares of Mellanox Technologies by 4.5% in the 4th quarter. Swiss National Bank now owns 77,121 shares of the semiconductor producer’s stock worth $4,990,000 after acquiring an additional 3,300 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Mellanox Technologies in the 4th quarter worth approximately $985,000. 52.44% of the stock is owned by institutional investors.
Several analysts recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $80.00 target price on shares of Mellanox Technologies in a research note on Friday, January 19th. Summit Redstone set a $75.00 target price on shares of Mellanox Technologies and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research note on Wednesday, December 27th. Barclays set a $47.00 target price on shares of Mellanox Technologies and gave the company a “sell” rating in a research note on Thursday, October 26th. Finally, BidaskClub raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $69.25.
Mellanox Technologies, Ltd. (NASDAQ:MLNX) remained flat at $$62.95 during mid-day trading on Thursday. 305,200 shares of the company traded hands, compared to its average volume of 605,483. Mellanox Technologies, Ltd. has a 12-month low of $41.55 and a 12-month high of $69.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78. The firm has a market cap of $3,205.97, a price-to-earnings ratio of -161.41, a price-to-earnings-growth ratio of 2.08 and a beta of 0.71.
Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.14. Mellanox Technologies had a negative net margin of 2.25% and a positive return on equity of 4.81%. The business had revenue of $237.60 million for the quarter, compared to analyst estimates of $235.43 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. equities research analysts predict that Mellanox Technologies, Ltd. will post 1.95 EPS for the current fiscal year.
In other news, CFO Yakov (Jacob) Shulman sold 12,590 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $65.75, for a total transaction of $827,792.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Shai Cohen sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $66.04, for a total transaction of $2,311,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 1,292 shares of company stock worth $85,270 and have sold 90,121 shares worth $5,815,915. 6.05% of the stock is owned by insiders.
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Mellanox Technologies Company Profile
Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems.
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