HL Financial Services LLC lifted its position in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 28.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,833 shares of the semiconductor producer’s stock after purchasing an additional 3,067 shares during the period. HL Financial Services LLC’s holdings in Mellanox Technologies were worth $652,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new position in Mellanox Technologies in the 2nd quarter valued at about $106,000. SG Americas Securities LLC acquired a new position in Mellanox Technologies in the 2nd quarter valued at about $122,000. Legal & General Group Plc grew its stake in Mellanox Technologies by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock valued at $194,000 after buying an additional 199 shares during the last quarter. Juncture Wealth Strategies LLC acquired a new position in Mellanox Technologies in the 3rd quarter valued at about $222,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Mellanox Technologies in the 2nd quarter valued at about $259,000. Institutional investors own 59.41% of the company’s stock.
Shares of Mellanox Technologies, Ltd. (NASDAQ MLNX) opened at $49.10 on Tuesday. The company has a quick ratio of 2.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2,500.60, a PE ratio of 52.23, a price-to-earnings-growth ratio of 3.40 and a beta of 0.54. Mellanox Technologies, Ltd. has a twelve month low of $38.75 and a twelve month high of $52.79.
Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The firm had revenue of $225.70 million during the quarter, compared to the consensus estimate of $226.74 million. During the same quarter in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. equities research analysts expect that Mellanox Technologies, Ltd. will post 0.83 earnings per share for the current fiscal year.
A number of research analysts recently commented on MLNX shares. Barclays PLC reiterated a “buy” rating and issued a $50.00 price target (down previously from $54.00) on shares of Mellanox Technologies in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, July 27th. Benchmark Co. started coverage on shares of Mellanox Technologies in a research note on Tuesday, August 29th. They issued a “buy” rating and a $60.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Finally, TheStreet lowered shares of Mellanox Technologies from a “b-” rating to a “c” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Mellanox Technologies presently has a consensus rating of “Hold” and an average price target of $51.00.
In other news, CEO Eyal Waldman sold 121,772 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $50.00, for a total transaction of $6,088,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shai Cohen sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $47.15, for a total transaction of $2,357,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,478 shares of company stock valued at $9,676,642. 6.05% of the stock is currently owned by insiders.
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About Mellanox Technologies
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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