Senvest Management LLC grew its holdings in Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 27.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,087,095 shares of the semiconductor producer’s stock after purchasing an additional 234,424 shares during the period. Mellanox Technologies comprises approximately 3.4% of Senvest Management LLC’s investment portfolio, making the stock its 8th biggest holding. Senvest Management LLC owned approximately 2.13% of Mellanox Technologies worth $51,257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HL Financial Services LLC increased its holdings in Mellanox Technologies by 28.5% during the third quarter. HL Financial Services LLC now owns 13,833 shares of the semiconductor producer’s stock worth $652,000 after buying an additional 3,067 shares during the last quarter. Vanguard Group Inc. increased its holdings in Mellanox Technologies by 7.1% during the first quarter. Vanguard Group Inc. now owns 133,428 shares of the semiconductor producer’s stock worth $6,798,000 after buying an additional 8,841 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Mellanox Technologies during the third quarter worth $519,000. Canada Pension Plan Investment Board increased its holdings in Mellanox Technologies by 240.5% during the third quarter. Canada Pension Plan Investment Board now owns 89,615 shares of the semiconductor producer’s stock worth $4,225,000 after buying an additional 63,300 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Mellanox Technologies by 16.3% during the first quarter. Geode Capital Management LLC now owns 27,026 shares of the semiconductor producer’s stock worth $1,376,000 after buying an additional 3,784 shares during the last quarter. Institutional investors own 60.84% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Longbow Research upgraded shares of Mellanox Technologies from a “neutral” rating to a “buy” rating in a report on Friday. Barclays upgraded shares of Mellanox Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $47.00 to $55.00 in a report on Tuesday, November 28th. DA Davidson boosted their target price on shares of Mellanox Technologies from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. KeyCorp restated a “hold” rating on shares of Mellanox Technologies in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Mellanox Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $52.33.

In other news, VP Michael Kagan sold 2,500 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $46.56, for a total value of $116,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shai Cohen sold 50,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.15, for a total transaction of $2,357,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 222,271 shares of company stock worth $10,992,379. Corporate insiders own 6.05% of the company’s stock.

Mellanox Technologies, Ltd. (NASDAQ MLNX) opened at $60.90 on Monday. Mellanox Technologies, Ltd. has a fifty-two week low of $38.75 and a fifty-two week high of $61.35. The company has a market cap of $3,101.58, a price-to-earnings ratio of 64.79, a price-to-earnings-growth ratio of 4.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78.

Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The firm had revenue of $225.70 million for the quarter, compared to the consensus estimate of $226.74 million. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. equities research analysts predict that Mellanox Technologies, Ltd. will post 0.83 EPS for the current year.

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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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Institutional Ownership by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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