S. Muoio & CO. LLC acquired a new stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 12,000 shares of the semiconductor producer’s stock, valued at approximately $1,420,000. Mellanox Technologies accounts for 1.3% of S. Muoio & CO. LLC’s portfolio, making the stock its 26th largest holding.
Several other hedge funds have also recently made changes to their positions in MLNX. Windacre Partnership LLC bought a new stake in shares of Mellanox Technologies during the 4th quarter valued at $66,883,000. Norges Bank bought a new stake in shares of Mellanox Technologies during the 4th quarter valued at $49,296,000. Massachusetts Financial Services Co. MA increased its holdings in Mellanox Technologies by 31.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,989,408 shares of the semiconductor producer’s stock valued at $183,783,000 after acquiring an additional 480,571 shares during the last quarter. Gabelli Funds LLC bought a new stake in Mellanox Technologies in the 1st quarter valued at $32,725,000. Finally, Two Sigma Advisers LP increased its holdings in Mellanox Technologies by 49.2% in the 4th quarter. Two Sigma Advisers LP now owns 663,925 shares of the semiconductor producer’s stock valued at $61,333,000 after acquiring an additional 219,000 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
In other Mellanox Technologies news, Director Glenda Dorchak sold 4,000 shares of Mellanox Technologies stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $118.30, for a total value of $473,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.20% of the company’s stock.
A number of analysts have issued reports on MLNX shares. DA Davidson downgraded shares of Mellanox Technologies from a “buy” rating to a “neutral” rating and set a $128.00 price target on the stock. in a report on Tuesday, March 12th. BidaskClub upgraded shares of Mellanox Technologies from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Piper Jaffray Companies downgraded shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a report on Monday, March 11th. Rosenblatt Securities reiterated a “neutral” rating on shares of Mellanox Technologies in a report on Wednesday, April 17th. Finally, Jefferies Financial Group downgraded shares of Mellanox Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $125.00 in a report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $115.00.
Shares of NASDAQ:MLNX traded down $0.18 on Friday, reaching $109.62. The company’s stock had a trading volume of 3,109 shares, compared to its average volume of 1,390,508. Mellanox Technologies, Ltd. has a 52-week low of $65.68 and a 52-week high of $121.13. The stock has a market capitalization of $6.05 billion, a P/E ratio of 28.46, a PEG ratio of 1.18 and a beta of 0.29. The company has a quick ratio of 2.99, a current ratio of 3.38 and a debt-to-equity ratio of 0.04.
Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Tuesday, April 16th. The semiconductor producer reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.30). Mellanox Technologies had a return on equity of 17.69% and a net margin of 12.69%. The business had revenue of $305.20 million during the quarter, compared to analysts’ expectations of $300.40 million. During the same period in the previous year, the business earned $0.98 earnings per share. The business’s quarterly revenue was up 21.6% on a year-over-year basis. On average, analysts expect that Mellanox Technologies, Ltd. will post 4.9 earnings per share for the current year.
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Mellanox Technologies Company Profile
Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions. 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; and 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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