Mellanox Technologies, Ltd. (MLNX) Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 23.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 380,040 shares of the semiconductor producer’s stock after selling 116,740 shares during the period. Bank of New York Mellon Corp owned about 0.75% of Mellanox Technologies worth $17,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MLNX. Capital Research Global Investors increased its stake in shares of Mellanox Technologies by 29.8% during the second quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock valued at $92,650,000 after buying an additional 490,726 shares during the period. Menora Mivtachim Holdings LTD. increased its stake in shares of Mellanox Technologies by 36.2% during the third quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock valued at $86,478,000 after buying an additional 487,000 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Mellanox Technologies by 43.8% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,029,646 shares of the semiconductor producer’s stock valued at $44,584,000 after buying an additional 313,573 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Mellanox Technologies during the second quarter valued at $12,617,000. Finally, Ion Asset Management Ltd. increased its stake in shares of Mellanox Technologies by 9.1% during the second quarter. Ion Asset Management Ltd. now owns 1,247,141 shares of the semiconductor producer’s stock valued at $54,001,000 after buying an additional 104,014 shares during the period. Institutional investors and hedge funds own 60.84% of the company’s stock.

Shares of Mellanox Technologies, Ltd. (NASDAQ MLNX) opened at $62.75 on Monday. Mellanox Technologies, Ltd. has a 12-month low of $40.00 and a 12-month high of $63.28. The firm has a market capitalization of $3,195.79, a PE ratio of 66.76, a P/E/G ratio of 4.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.78 and a current ratio of 3.12.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The company had revenue of $225.70 million for the quarter, compared to the consensus estimate of $226.74 million. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. equities analysts expect that Mellanox Technologies, Ltd. will post 0.84 EPS for the current year.

Several brokerages have recently commented on MLNX. Susquehanna Bancshares began coverage on Mellanox Technologies in a research note on Wednesday, December 13th. They set a “positive” rating and a $75.00 price target on the stock. Zacks Investment Research lowered Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Longbow Research upgraded Mellanox Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, December 1st. KeyCorp restated a “hold” rating on shares of Mellanox Technologies in a research note on Friday, September 1st. Finally, BidaskClub upgraded Mellanox Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Mellanox Technologies presently has a consensus rating of “Hold” and an average price target of $56.30.

In related news, VP Michael Kagan sold 2,293 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $59.00, for a total transaction of $135,287.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Marc Sultzbaugh sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 235,128 shares of company stock worth $11,784,167. 6.05% of the stock is owned by corporate insiders.

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Mellanox Technologies Company 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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