Teachers Advisors LLC Has $23.63 Million Stake in Mellanox Technologies, Ltd. (MLNX)
Teachers Advisors LLC decreased its holdings in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 1.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 545,604 shares of the semiconductor producer’s stock after selling 5,510 shares during the quarter. Teachers Advisors LLC owned 1.09% of Mellanox Technologies worth $23,625,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in Mellanox Technologies by 4.6% in the second quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock worth $194,000 after purchasing an additional 199 shares in the last quarter. Stifel Financial Corp grew its stake in Mellanox Technologies by 1.0% in the first quarter. Stifel Financial Corp now owns 79,712 shares of the semiconductor producer’s stock worth $4,053,000 after purchasing an additional 758 shares in the last quarter. Swiss National Bank grew its stake in Mellanox Technologies by 1.5% in the first quarter. Swiss National Bank now owns 72,221 shares of the semiconductor producer’s stock worth $3,680,000 after purchasing an additional 1,100 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Mellanox Technologies in the second quarter worth approximately $106,000. Finally, SG Americas Securities LLC bought a new position in Mellanox Technologies in the second quarter worth approximately $122,000. 61.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) opened at 46.15 on Friday. Mellanox Technologies, Ltd. has a 12-month low of $38.75 and a 12-month high of $52.80. The firm’s 50-day moving average price is $45.48 and its 200-day moving average price is $46.99. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 6592.86 and a beta of 0.65.
Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor producer reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The business had revenue of $212.00 million during the quarter, compared to analyst estimates of $209.62 million. Mellanox Technologies had a return on equity of 5.93% and a net margin of 0.09%. The business’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. On average, analysts forecast that Mellanox Technologies, Ltd. will post $2.14 EPS for the current fiscal year.
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In other Mellanox Technologies news, VP Michael Kagan sold 2,500 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $46.56, for a total value of $116,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shai Cohen sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.16, for a total transaction of $2,358,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,453 shares of company stock valued at $3,402,241. Insiders own 6.05% of the company’s stock.
Several brokerages recently issued reports on MLNX. Jefferies Group LLC reissued a “sell” rating and issued a $38.00 price objective on shares of Mellanox Technologies in a research note on Sunday, September 10th. KeyCorp reissued a “hold” rating on shares of Mellanox Technologies in a research note on Friday, September 1st. Benchmark Co. began coverage on Mellanox Technologies in a research note on Tuesday, August 29th. They issued a “buy” rating and a $60.00 price objective on the stock. TheStreet cut Mellanox Technologies from a “b-” rating to a “c” rating in a research note on Friday, August 11th. Finally, BidaskClub cut Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $51.13.
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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