Mellanox Technologies Ltd. (MLNX) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors increased its stake in shares of Mellanox Technologies Ltd. (NASDAQ:MLNX) by 60.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,020 shares of the company’s stock after buying an additional 15,450 shares during the period. Nationwide Fund Advisors owned about 0.09% of Mellanox Technologies worth $1,967,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Mellanox Technologies by 5,626.4% in the first quarter. JPMorgan Chase & Co. now owns 98,780 shares of the company’s stock valued at $5,367,000 after buying an additional 97,055 shares in the last quarter. Credit Agricole S A acquired a new stake in shares of Mellanox Technologies during the first quarter worth approximately $13,857,000. 1832 Asset Management L.P. acquired a new stake in shares of Mellanox Technologies during the first quarter worth approximately $1,531,000. Cupps Capital Management LLC acquired a new stake in shares of Mellanox Technologies during the first quarter worth approximately $3,914,000. Finally, State Street Corp raised its stake in shares of Mellanox Technologies by 2.3% in the first quarter. State Street Corp now owns 50,691 shares of the company’s stock worth $2,755,000 after buying an additional 1,157 shares during the period. Institutional investors own 66.18% of the company’s stock.
Mellanox Technologies Ltd. (NASDAQ:MLNX) traded up 0.82% during midday trading on Friday, reaching $41.64. 43,673 shares of the company’s stock traded hands. Mellanox Technologies Ltd. has a one year low of $37.54 and a one year high of $55.80. The stock has a market cap of $2.00 billion, a PE ratio of 33.00 and a beta of 0.57. The stock’s 50 day moving average price is $42.44 and its 200-day moving average price is $45.93.
Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The business earned $214.80 million during the quarter, compared to analyst estimates of $212.79 million. Mellanox Technologies had a return on equity of 10.76% and a net margin of 7.98%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Equities analysts predict that Mellanox Technologies Ltd. will post $3.56 earnings per share for the current year.
A number of brokerages have commented on MLNX. Brean Capital restated a “buy” rating on shares of Mellanox Technologies in a research note on Monday, July 18th. Credit Suisse Group AG restated a “buy” rating and set a $60.00 price target on shares of Mellanox Technologies in a research note on Thursday, July 21st. Jefferies Group set a $50.00 price target on shares of Mellanox Technologies and gave the company a “hold” rating in a research note on Wednesday, July 20th. Piper Jaffray Cos. restated an “overweight” rating and set a $64.00 price target on shares of Mellanox Technologies in a research note on Sunday, July 24th. Finally, Summit Research restated a “buy” rating and set a $65.00 price target on shares of Mellanox Technologies in a research note on Wednesday, June 22nd. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Mellanox Technologies has a consensus rating of “Buy” and a consensus price target of $63.08.
In other news, CFO Yakov (Jacob) Shulman sold 2,781 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $44.49, for a total transaction of $123,726.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amal M. Johnson sold 3,571 shares of the firm’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $41.97, for a total value of $149,874.87. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.
About Mellanox Technologies
Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company designs, manufactures and sells interconnect products and solutions primarily based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment.
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