Bank of America Corp DE raised its holdings in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 85.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 459,636 shares of the semiconductor producer’s stock after purchasing an additional 211,872 shares during the period. Bank of America Corp DE owned 0.86% of Mellanox Technologies worth $42,462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Capital Group LLC boosted its holdings in shares of Mellanox Technologies by 259.4% in the 4th quarter. Private Capital Group LLC now owns 787 shares of the semiconductor producer’s stock valued at $73,000 after buying an additional 568 shares in the last quarter. Mondrian Capital Management LLC bought a new stake in shares of Mellanox Technologies in the 4th quarter valued at about $92,000. QS Investors LLC boosted its holdings in shares of Mellanox Technologies by 1,374.0% in the 4th quarter. QS Investors LLC now owns 1,813 shares of the semiconductor producer’s stock valued at $168,000 after buying an additional 1,690 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of Mellanox Technologies in the 4th quarter valued at about $205,000. Finally, Dixon Hubard Feinour & Brown Inc. VA bought a new stake in shares of Mellanox Technologies in the 4th quarter valued at about $217,000. 77.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ MLNX opened at $117.74 on Friday. Mellanox Technologies, Ltd. has a 12 month low of $65.68 and a 12 month high of $119.10. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.31 and a beta of 0.29.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings data on Wednesday, January 30th. The semiconductor producer reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. Mellanox Technologies had a net margin of 12.33% and a return on equity of 16.53%. The business had revenue of $290.07 million during the quarter, compared to analysts’ expectations of $284.96 million. During the same period in the previous year, the business posted $0.82 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities research analysts predict that Mellanox Technologies, Ltd. will post 4.82 earnings per share for the current year.

A number of analysts have recently weighed in on MLNX shares. Jefferies Financial Group raised their price target on shares of Mellanox Technologies from $110.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 3rd. BidaskClub upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, December 8th. Zacks Investment Research cut shares of Mellanox Technologies from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. DA Davidson lifted their target price on shares of Mellanox Technologies to $124.00 and gave the stock a “buy” rating in a research note on Monday, January 28th. Finally, Piper Jaffray Companies cut shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research note on Monday, March 11th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $110.00.

In other news, Director Glenda Dorchak sold 4,576 shares of Mellanox Technologies stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $85.00, for a total transaction of $388,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amal M. Johnson sold 5,714 shares of Mellanox Technologies stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $95.49, for a total transaction of $545,629.86. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

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

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