Axa lowered its holdings in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 77.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,000 shares of the semiconductor producer’s stock after selling 218,100 shares during the quarter. Axa owned approximately 0.12% of Mellanox Technologies worth $4,011,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. grew its position in shares of Mellanox Technologies by 404.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,765 shares of the semiconductor producer’s stock worth $114,000 after purchasing an additional 1,415 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Mellanox Technologies during the fourth quarter worth about $166,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Mellanox Technologies by 36.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,955 shares of the semiconductor producer’s stock valued at $191,000 after buying an additional 788 shares during the last quarter. Virtu Financial LLC bought a new position in Mellanox Technologies during the fourth quarter valued at approximately $257,000. Finally, First Interstate Bank boosted its stake in Mellanox Technologies by 77.2% during the fourth quarter. First Interstate Bank now owns 4,660 shares of the semiconductor producer’s stock valued at $302,000 after buying an additional 2,030 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.
MLNX has been the subject of a number of research reports. DA Davidson increased their price target on Mellanox Technologies to $75.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Summit Redstone set a $75.00 price target on Mellanox Technologies and gave the company a “buy” rating in a research note on Wednesday, February 21st. Piper Jaffray Companies reissued a “hold” rating and set a $73.00 price target on shares of Mellanox Technologies in a research note on Friday, January 19th. Zacks Investment Research raised Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a research note on Wednesday, December 27th. Finally, BidaskClub raised Mellanox Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.25.
In other news, Director Shai Cohen sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $66.04, for a total value of $2,311,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eyal Waldman sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $64.80, for a total value of $162,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 1,292 shares of company stock valued at $85,270 and sold 79,971 shares valued at $5,299,940. 6.05% of the stock is owned by company insiders.
Shares of Mellanox Technologies, Ltd. (MLNX) opened at $74.40 on Friday. The stock has a market capitalization of $3,807.61, a P/E ratio of -190.77, a PEG ratio of 1.99 and a beta of 0.62. Mellanox Technologies, Ltd. has a one year low of $41.55 and a one year high of $74.50. The company has a quick ratio of 2.25, a current ratio of 2.58 and a debt-to-equity ratio of 0.07.
Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings data on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.14. The business had revenue of $237.60 million during the quarter, compared to analyst estimates of $235.43 million. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 2.25%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. sell-side analysts predict that Mellanox Technologies, Ltd. will post 2.45 earnings per share for the current fiscal year.
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Mellanox Technologies 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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