Clearline Capital LP purchased a new position in Mellanox Technologies, Ltd. (NASDAQ:MLNX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 77,910 shares of the semiconductor producer’s stock, valued at approximately $5,041,000. Mellanox Technologies comprises about 2.6% of Clearline Capital LP’s portfolio, making the stock its 13th biggest holding. Clearline Capital LP owned approximately 0.15% of Mellanox Technologies at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Inc. raised its holdings in shares of Mellanox Technologies by 294.2% in the fourth quarter. Advisor Group Inc. now owns 1,573 shares of the semiconductor producer’s stock worth $101,000 after acquiring an additional 1,174 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Mellanox Technologies by 404.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,765 shares of the semiconductor producer’s stock worth $114,000 after acquiring an additional 1,415 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Mellanox Technologies in the fourth quarter worth $166,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Mellanox Technologies by 36.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,955 shares of the semiconductor producer’s stock worth $191,000 after acquiring an additional 788 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Mellanox Technologies in the fourth quarter worth $257,000. 69.71% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on MLNX. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price target on shares of Mellanox Technologies in a report on Friday, January 19th. Zacks Investment Research raised Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a report on Wednesday, December 27th. Susquehanna Bancshares reissued a “positive” rating and issued a $80.00 price target (up from $75.00) on shares of Mellanox Technologies in a report on Friday, January 19th. BidaskClub raised Mellanox Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Longbow Research raised Mellanox Technologies from a “neutral” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Mellanox Technologies currently has a consensus rating of “Buy” and an average price target of $69.25.
Mellanox Technologies (NASDAQ:MLNX) last released its earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The firm had revenue of $237.60 million during the quarter, compared to analyst estimates of $235.43 million. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 2.25%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. equities analysts predict that Mellanox Technologies, Ltd. will post 2.38 EPS for the current fiscal year.
In other Mellanox Technologies news, CEO Eyal Waldman sold 2,500 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $64.80, for a total transaction of $162,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael Kagan sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $71.00, for a total value of $355,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,292 shares of company stock valued at $85,270 and sold 79,971 shares valued at $5,299,940. Corporate insiders own 6.05% of the company’s stock.
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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.
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