Mellanox Technologies, Ltd. (MLNX) Shares Bought by Rothschild Investment Corp IL
Rothschild Investment Corp IL raised its stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 5.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 41,870 shares of the semiconductor producer’s stock after buying an additional 2,150 shares during the period. Rothschild Investment Corp IL owned about 0.09% of Mellanox Technologies worth $2,133,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of MLNX. Cornerstone Financial Partners LLC acquired a new position in Mellanox Technologies during the first quarter valued at about $380,000. Creative Planning boosted its position in Mellanox Technologies by 13,918.9% in the first quarter. Creative Planning now owns 5,187 shares of the semiconductor producer’s stock valued at $264,000 after buying an additional 5,150 shares during the period. Foundry Partners LLC boosted its position in Mellanox Technologies by 13.7% in the first quarter. Foundry Partners LLC now owns 51,021 shares of the semiconductor producer’s stock valued at $2,600,000 after buying an additional 6,137 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Mellanox Technologies by 4.2% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,252,857 shares of the semiconductor producer’s stock valued at $51,242,000 after buying an additional 50,000 shares during the period. Finally, Norges Bank acquired a new position in Mellanox Technologies during the fourth quarter valued at about $13,983,000. 61.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) traded up 1.08% on Thursday, hitting $51.50. The stock had a trading volume of 484,380 shares. Mellanox Technologies, Ltd. has a 12 month low of $38.75 and a 12 month high of $52.80. The company’s 50 day moving average price is $50.47 and its 200-day moving average price is $45.41. The company has a market cap of $2.54 billion, a P/E ratio of 139.19 and a beta of 0.56.
Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings results on Wednesday, February 1st. The semiconductor producer reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The firm had revenue of $221.70 million for the quarter, compared to analysts’ expectations of $225.04 million. Mellanox Technologies had a net margin of 2.16% and a return on equity of 10.68%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. On average, analysts expect that Mellanox Technologies, Ltd. will post $3.00 earnings per share for the current year.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Mellanox Technologies from a “strong sell” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, April 5th. TheStreet raised Mellanox Technologies from a “c+” rating to a “b-” rating in a research note on Monday, February 27th. Rosenblatt Securities assumed coverage on Mellanox Technologies in a research note on Wednesday, February 22nd. They issued a “neutral” rating on the stock. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $50.00 price target on shares of Mellanox Technologies in a research note on Sunday, February 5th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Mellanox Technologies in a research note on Friday, February 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.10.
In other news, VP Michael Kagan sold 1,946 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $48.40, for a total value of $94,186.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Marc Sultzbaugh sold 5,000 shares of the business’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $49.12, for a total value of $245,600.00. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by insiders.
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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