Sphera Funds Management LTD. Has $3.68 Million Stake in Mellanox Technologies, Ltd. (MLNX)

Sphera Funds Management LTD. lessened its position in Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 41.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,093 shares of the semiconductor producer’s stock after selling 35,861 shares during the quarter. Sphera Funds Management LTD. owned 0.09% of Mellanox Technologies worth $3,679,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortis Advisors LLC bought a new stake in shares of Mellanox Technologies in the 2nd quarter worth about $122,000. USA Financial Portformulas Corp purchased a new position in Mellanox Technologies in the 3rd quarter worth about $253,000. Schwab Charles Investment Management Inc. purchased a new position in Mellanox Technologies in the 2nd quarter worth about $257,000. Pitcairn Co. purchased a new position in Mellanox Technologies in the 3rd quarter worth about $253,000. Finally, Juncture Wealth Strategies LLC purchased a new position in Mellanox Technologies in the 3rd quarter worth about $256,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

MLNX stock opened at $92.03 on Friday. Mellanox Technologies, Ltd. has a 52 week low of $58.40 and a 52 week high of $99.14. The company has a market capitalization of $5.05 billion, a P/E ratio of 29.76, a P/E/G ratio of 1.40 and a beta of 0.31.

Mellanox Technologies (NASDAQ:MLNX) last posted its earnings results on Wednesday, October 24th. The semiconductor producer reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.13. The firm had revenue of $279.20 million during the quarter, compared to analyst estimates of $275.49 million. Mellanox Technologies had a net margin of 8.57% and a return on equity of 14.72%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Analysts anticipate that Mellanox Technologies, Ltd. will post 3.56 earnings per share for the current fiscal year.

MLNX has been the topic of several recent analyst reports. ValuEngine downgraded shares of Mellanox Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 4th. Bank of America initiated coverage on shares of Mellanox Technologies in a research note on Wednesday, October 10th. They issued a “buy” rating and a $105.00 price target on the stock. Zacks Investment Research raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, October 9th. Jefferies Financial Group initiated coverage on shares of Mellanox Technologies in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $110.00 price target on the stock. Finally, BidaskClub raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $102.15.

In other news, Director Amal M. Johnson sold 5,714 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $90.00, for a total transaction of $514,260.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Glenda Dorchak sold 5,000 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $85.01, for a total transaction of $425,050.00. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

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About Mellanox Technologies

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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