Mondrian Capital Management LLC acquired a new stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,000 shares of the semiconductor producer’s stock, valued at approximately $2,310,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Senvest Management LLC increased its stake in Mellanox Technologies by 16.3% in the 3rd quarter. Senvest Management LLC now owns 1,986,776 shares of the semiconductor producer’s stock worth $145,929,000 after purchasing an additional 279,057 shares during the period. Vanguard Group Inc. increased its stake in Mellanox Technologies by 38.6% in the 3rd quarter. Vanguard Group Inc. now owns 520,710 shares of the semiconductor producer’s stock worth $38,247,000 after purchasing an additional 145,078 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Mellanox Technologies by 11.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,185 shares of the semiconductor producer’s stock worth $3,464,000 after purchasing an additional 5,023 shares during the period. Gideon Capital Advisors Inc. purchased a new position in Mellanox Technologies in the 3rd quarter worth approximately $524,000. Finally, Navellier & Associates Inc increased its stake in Mellanox Technologies by 24.7% in the 4th quarter. Navellier & Associates Inc now owns 29,396 shares of the semiconductor producer’s stock worth $2,716,000 after purchasing an additional 5,814 shares during the period. 74.71% of the stock is currently owned by institutional investors.
MLNX has been the topic of a number of analyst reports. BidaskClub raised Mellanox Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Jefferies Financial Group lifted their price objective on Mellanox Technologies from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd. JPMorgan Chase & Co. upgraded Mellanox Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $98.00 to $100.00 in a research report on Thursday, October 25th. Zacks Investment Research upgraded Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $94.00 price objective on the stock in a research report on Wednesday, January 30th. Finally, DA Davidson lifted their price objective on Mellanox Technologies to $124.00 and gave the stock a “buy” rating in a research report on Monday, January 28th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $103.77.
In related news, Director Amal M. Johnson sold 5,714 shares of Mellanox Technologies stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $95.49, for a total transaction of $545,629.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Glenda Dorchak sold 4,576 shares of Mellanox Technologies stock in a transaction on Friday, January 4th. The shares were sold at an average price of $85.00, for a total value of $388,960.00. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
NASDAQ MLNX opened at $99.36 on Tuesday. Mellanox Technologies, Ltd. has a twelve month low of $59.65 and a twelve month high of $99.79. The company has a market cap of $5.32 billion, a P/E ratio of 25.81, a PEG ratio of 1.08 and a beta of 0.21.
Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings results on Wednesday, January 30th. The semiconductor producer reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.12. Mellanox Technologies had a return on equity of 16.98% and a net margin of 12.33%. The company had revenue of $290.07 million for the quarter, compared to analyst estimates of $284.96 million. During the same period in the previous year, the company posted $0.82 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. On average, research analysts predict that Mellanox Technologies, Ltd. will post 4.82 EPS for the current fiscal year.
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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