Engineers Gate Manager LP Buys Shares of 4,989 Mellanox Technologies, Ltd. (MLNX)

Engineers Gate Manager LP bought a new stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,989 shares of the semiconductor producer’s stock, valued at approximately $323,000.

A number of other hedge funds also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mellanox Technologies by 36.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,955 shares of the semiconductor producer’s stock valued at $191,000 after acquiring an additional 788 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Mellanox Technologies by 4.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 21,011 shares of the semiconductor producer’s stock valued at $910,000 after acquiring an additional 917 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Mellanox Technologies by 404.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,765 shares of the semiconductor producer’s stock valued at $114,000 after purchasing an additional 1,415 shares during the last quarter. Legal & General Group Plc raised its position in Mellanox Technologies by 46.8% during the 3rd quarter. Legal & General Group Plc now owns 6,588 shares of the semiconductor producer’s stock valued at $311,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Pier 88 Investment Partners LLC raised its position in Mellanox Technologies by 25.8% during the 4th quarter. Pier 88 Investment Partners LLC now owns 11,885 shares of the semiconductor producer’s stock valued at $769,000 after purchasing an additional 2,435 shares during the last quarter. Institutional investors own 60.92% of the company’s stock.

In other news, insider Eyal Waldman sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $55.40, for a total value of $138,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amal M. Johnson sold 2,857 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $57.60, for a total value of $164,563.20. The disclosure for this sale can be found here. In the last three months, insiders bought 1,292 shares of company stock valued at $85,270 and sold 97,621 shares valued at $6,231,415. 6.05% of the stock is currently owned by corporate insiders.

MLNX has been the subject of a number of recent analyst reports. Zacks Investment Research raised Mellanox Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. DA Davidson upped their price target on Mellanox Technologies to $75.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Stifel Nicolaus lowered their price target on Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $73.00 price target on shares of Mellanox Technologies in a research report on Friday, January 19th. Finally, Barclays raised Mellanox Technologies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $47.00 to $55.00 in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.45.

Mellanox Technologies, Ltd. (MLNX) opened at $62.30 on Thursday. Mellanox Technologies, Ltd. has a 52-week low of $41.55 and a 52-week high of $69.00. The stock has a market capitalization of $3,130.00, a P/E ratio of -159.74, a PEG ratio of 2.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78.

Mellanox Technologies (NASDAQ:MLNX) last announced its earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.14. Mellanox Technologies had a positive return on equity of 4.81% and a negative net margin of 2.25%. The firm had revenue of $237.60 million during the quarter, compared to analyst estimates of $235.43 million. During the same quarter in the prior year, the company earned $0.82 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. research analysts expect that Mellanox Technologies, Ltd. will post 1.95 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.

Institutional Ownership by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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