Natixis Advisors L.P. grew its stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 2.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,598 shares of the semiconductor producer’s stock after acquiring an additional 1,459 shares during the period. Natixis Advisors L.P.’s holdings in Mellanox Technologies were worth $5,821,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Mellanox Technologies by 1.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,922,386 shares of the semiconductor producer’s stock valued at $227,534,000 after purchasing an additional 33,874 shares during the last quarter. Alpine Associates Management Inc. boosted its stake in Mellanox Technologies by 31.8% in the 2nd quarter. Alpine Associates Management Inc. now owns 1,565,900 shares of the semiconductor producer’s stock valued at $173,298,000 after purchasing an additional 377,390 shares during the period. Neuberger Berman Group LLC grew its holdings in Mellanox Technologies by 27.0% in the 1st quarter. Neuberger Berman Group LLC now owns 1,404,302 shares of the semiconductor producer’s stock valued at $166,207,000 after buying an additional 298,466 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Mellanox Technologies by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,221,383 shares of the semiconductor producer’s stock valued at $135,170,000 after buying an additional 10,600 shares in the last quarter. Finally, CNH Partners LLC bought a new position in Mellanox Technologies during the 1st quarter worth $111,064,000. 75.99% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on MLNX. ValuEngine downgraded Mellanox Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. BidaskClub downgraded shares of Mellanox Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 31st. Finally, Zacks Investment Research raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $117.99.
Mellanox Technologies stock traded up $0.85 during mid-day trading on Wednesday, reaching $109.93. 7,579 shares of the company were exchanged, compared to its average volume of 373,765. The firm has a market cap of $6.01 billion, a PE ratio of 28.57, a PEG ratio of 0.92 and a beta of 0.46. The company has a fifty day simple moving average of $109.24 and a 200-day simple moving average of $112.95. Mellanox Technologies, Ltd. has a 12 month low of $65.68 and a 12 month high of $121.13.
Mellanox Technologies (NASDAQ:MLNX) last released its earnings results on Wednesday, July 24th. The semiconductor producer reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.10). The company had revenue of $310.30 million for the quarter, compared to the consensus estimate of $307.24 million. Mellanox Technologies had a net margin of 14.09% and a return on equity of 16.86%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 earnings per share. As a group, research analysts expect that Mellanox Technologies, Ltd. will post 5.51 EPS for the current year.
Mellanox Technologies Company Profile
Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions. 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; and 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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