Two Sigma Investments LP boosted its stake in Mellanox Technologies (NASDAQ:MLNX) by 1,493.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 422,117 shares of the semiconductor producer’s stock after acquiring an additional 395,626 shares during the period. Two Sigma Investments LP owned 0.83% of Mellanox Technologies worth $27,311,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Mellanox Technologies by 2.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,220,678 shares of the semiconductor producer’s stock valued at $78,978,000 after acquiring an additional 34,913 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Mellanox Technologies by 12.5% in the fourth quarter. OppenheimerFunds Inc. now owns 1,130,477 shares of the semiconductor producer’s stock valued at $73,142,000 after acquiring an additional 125,327 shares during the last quarter. Senvest Management LLC boosted its holdings in Mellanox Technologies by 27.5% in the third quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock valued at $51,257,000 after acquiring an additional 234,424 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Mellanox Technologies by 9.4% in the third quarter. Neuberger Berman Group LLC now owns 947,429 shares of the semiconductor producer’s stock valued at $44,671,000 after acquiring an additional 81,664 shares during the last quarter. Finally, AO Asset Management LP bought a new stake in Mellanox Technologies in the fourth quarter valued at approximately $24,348,000. Institutional investors and hedge funds own 68.07% of the company’s stock.
MLNX has been the topic of several analyst reports. DA Davidson upped their target price on Mellanox Technologies to $75.00 and gave the company a “buy” rating in a report on Friday, January 12th. Piper Jaffray reiterated a “hold” rating and issued a $73.00 target price on shares of Mellanox Technologies in a report on Friday, January 19th. Stifel Nicolaus increased their price target on Mellanox Technologies from $80.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Benchmark increased their price target on Mellanox Technologies from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Susquehanna Bancshares assumed coverage on Mellanox Technologies in a report on Wednesday, December 13th. They set a “positive” rating and a $75.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Mellanox Technologies currently has an average rating of “Buy” and an average target price of $69.25.
In related news, CFO Yakov (Jacob) Shulman sold 2,406 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $65.39, for a total value of $157,328.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eyal Waldman sold 1,975 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $65.23, for a total value of $128,829.25. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,292 shares of company stock worth $85,270 and sold 54,381 shares worth $3,628,808. 6.05% of the stock is owned by company insiders.
Shares of MLNX opened at $73.50 on Friday. Mellanox Technologies has a 12-month low of $41.55 and a 12-month high of $76.80. The company has a current ratio of 2.58, a quick ratio of 2.25 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3,841.50, a P/E ratio of 80.77, a PEG ratio of 2.01 and a beta of 0.54.
Mellanox Technologies (NASDAQ:MLNX) last issued its earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 2.25%. The company had revenue of $237.60 million for the quarter, compared to analysts’ expectations of $235.43 million. During the same period last year, the business earned $0.82 EPS. Mellanox Technologies’s quarterly revenue was up 7.2% compared to the same quarter last year. sell-side analysts forecast that Mellanox Technologies will post 2.45 earnings per share for the current fiscal year.
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Mellanox Technologies Company Profile
Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, and sells interconnect products and solutions worldwide. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; Ethernet solutions, such as Ethernet switch products and Ethernet adapters for use in enterprise data center, high-performance computing, embedded environments, hyperscale, Web 2.0, and cloud data centers.
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