Legal & General Group Plc lifted its stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 46.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,588 shares of the semiconductor producer’s stock after buying an additional 2,100 shares during the period. Legal & General Group Plc’s holdings in Mellanox Technologies were worth $311,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors boosted its position in Mellanox Technologies by 29.8% in the second quarter. Capital Research Global Investors now owns 2,139,726 shares of the semiconductor producer’s stock worth $92,650,000 after purchasing an additional 490,726 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its position in Mellanox Technologies by 36.2% in the third quarter. Menora Mivtachim Holdings LTD. now owns 1,834,105 shares of the semiconductor producer’s stock worth $86,478,000 after purchasing an additional 487,000 shares during the last quarter. Ion Asset Management Ltd. boosted its position in Mellanox Technologies by 9.1% in the second quarter. Ion Asset Management Ltd. now owns 1,247,141 shares of the semiconductor producer’s stock worth $54,001,000 after purchasing an additional 104,014 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in Mellanox Technologies by 15.2% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,185,765 shares of the semiconductor producer’s stock worth $55,909,000 after purchasing an additional 156,119 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Mellanox Technologies by 2.5% in the second quarter. Alliancebernstein L.P. now owns 1,063,251 shares of the semiconductor producer’s stock worth $46,039,000 after purchasing an additional 26,235 shares during the last quarter. 60.81% of the stock is currently owned by institutional investors.

Mellanox Technologies, Ltd. (MLNX) opened at $64.70 on Friday. Mellanox Technologies, Ltd. has a 1 year low of $40.70 and a 1 year high of $66.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.78 and a current ratio of 3.12. The company has a market capitalization of $3,300.00, a price-to-earnings ratio of -404.38, a PEG ratio of 2.51 and a beta of 0.62.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS 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 firm had revenue of $225.70 million for the quarter, compared to analysts’ expectations of $226.74 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. sell-side analysts forecast that Mellanox Technologies, Ltd. will post 0.84 earnings per share for the current fiscal year.

In related news, Director Shai Cohen sold 50,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yakov (Jacob) Shulman sold 12,590 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $65.75, for a total value of $827,792.50. The disclosure for this sale can be found here. Insiders have sold a total of 255,218 shares of company stock worth $13,098,460 in the last ninety days. Insiders own 6.05% of the company’s stock.

Several research analysts have weighed in on MLNX shares. Zacks Investment Research cut Mellanox Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Stifel Nicolaus cut their price objective on Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. DA Davidson boosted their price objective on Mellanox Technologies from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Barclays raised Mellanox Technologies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $47.00 to $55.00 in a research report on Tuesday, November 28th. Finally, Susquehanna Bancshares started coverage on Mellanox Technologies in a research report on Wednesday, December 13th. They issued a “positive” rating and a $75.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.60.

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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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