Mellanox Technologies, Ltd. (MLNX) Holdings Increased by Neuberger Berman Group LLC

Neuberger Berman Group LLC grew its holdings in Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 947,429 shares of the semiconductor producer’s stock after purchasing an additional 81,664 shares during the period. Neuberger Berman Group LLC owned about 1.86% of Mellanox Technologies worth $44,671,000 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. Vanguard Group Inc. increased its stake in Mellanox Technologies by 7.1% in the first quarter. Vanguard Group Inc. now owns 133,428 shares of the semiconductor producer’s stock worth $6,798,000 after purchasing an additional 8,841 shares during the period. Geode Capital Management LLC increased its stake in Mellanox Technologies by 16.3% in the first quarter. Geode Capital Management LLC now owns 27,026 shares of the semiconductor producer’s stock worth $1,376,000 after purchasing an additional 3,784 shares during the period. SG Americas Securities LLC purchased a new stake in Mellanox Technologies in the second quarter worth $122,000. Legal & General Group Plc increased its stake in shares of Mellanox Technologies by 4.6% during the second quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock valued at $194,000 after buying an additional 199 shares during the period. Finally, RiverPoint Capital Management LLC increased its stake in shares of Mellanox Technologies by 4.4% during the second quarter. RiverPoint Capital Management LLC now owns 260,513 shares of the semiconductor producer’s stock valued at $11,280,000 after buying an additional 10,948 shares during the period. Institutional investors and hedge funds own 60.81% of the company’s stock.

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.

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. Stifel Nicolaus raised their price target on Mellanox Technologies from $53.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. BidaskClub upgraded Mellanox Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Longbow Research upgraded Mellanox Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Barclays upgraded Mellanox Technologies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $47.00 to $55.00 in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.30.

Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) opened at $63.60 on Wednesday. Mellanox Technologies, Ltd. has a 12-month low of $40.20 and a 12-month high of $64.60. The firm has a market capitalization of $3,195.78, a PE ratio of 66.75, 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.

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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.

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

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