Bank Hapoalim BM Has $1.71 Million Holdings in Mellanox Technologies, Ltd. (MLNX)
Bank Hapoalim BM trimmed its position in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 8.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,507 shares of the semiconductor producer’s stock after selling 3,638 shares during the period. Bank Hapoalim BM owned approximately 0.08% of Mellanox Technologies worth $1,711,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MLNX. Chicago Partners Investment Group LLC acquired a new stake in Mellanox Technologies during the second quarter worth about $106,000. SG Americas Securities LLC acquired a new stake in Mellanox Technologies during the second quarter worth about $122,000. First Interstate Bank acquired a new stake in Mellanox Technologies during the first quarter worth about $159,000. Oppenheimer Asset Management Inc. acquired a new stake in Mellanox Technologies during the first quarter worth about $186,000. Finally, Legal & General Group Plc grew its stake in Mellanox Technologies by 4.6% during the second quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock worth $194,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 61.58% of the company’s stock.
In related news, VP Michael Kagan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $45.01, for a total value of $225,050.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Yakov (Jacob) Shulman sold 2,407 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.00, for a total transaction of $113,129.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,453 shares of company stock worth $3,402,241. 6.05% of the stock is owned by company insiders.
Mellanox Technologies, Ltd. (MLNX) traded down 0.21% during midday trading on Friday, hitting $46.85. 280,598 shares of the stock were exchanged. The company’s 50 day moving average is $45.51 and its 200 day moving average is $47.03. Mellanox Technologies, Ltd. has a 1-year low of $38.75 and a 1-year high of $52.80. The company has a market capitalization of $2.36 billion, a P/E ratio of 6692.86 and a beta of 0.65.
Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor producer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The company had revenue of $212.00 million during the quarter, compared to the consensus estimate of $209.62 million. Mellanox Technologies had a return on equity of 5.93% and a net margin of 0.09%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. Analysts predict that Mellanox Technologies, Ltd. will post $2.14 earnings per share for the current fiscal year.
MLNX has been the topic of a number of analyst reports. BidaskClub downgraded shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Benchmark Co. initiated coverage on shares of Mellanox Technologies in a research note on Tuesday, August 29th. They set a “buy” rating and a $60.00 price objective on the stock. Zacks Investment Research upgraded shares of Mellanox Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Piper Jaffray Companies reiterated a “hold” rating and set a $47.00 price objective on shares of Mellanox Technologies in a research note on Friday, July 28th. Finally, Jefferies Group LLC reiterated an “underperform” rating and set a $38.00 price objective on shares of Mellanox Technologies in a research note on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.13.
Mellanox Technologies Company 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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