LPL Financial LLC bought a new stake in shares of Mellanox Technologies (NASDAQ:MLNX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,232 shares of the semiconductor producer’s stock, valued at approximately $597,000.

Other hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of Mellanox Technologies by 294.2% during the fourth quarter. Advisor Group Inc. now owns 1,573 shares of the semiconductor producer’s stock valued at $101,000 after purchasing an additional 1,174 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Mellanox Technologies by 404.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,765 shares of the semiconductor producer’s stock valued at $114,000 after purchasing an additional 1,415 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Mellanox Technologies during the fourth quarter valued at $166,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Mellanox Technologies by 36.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,955 shares of the semiconductor producer’s stock valued at $191,000 after purchasing an additional 788 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Mellanox Technologies during the fourth quarter valued at $257,000. 68.07% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have recently commented on MLNX. DA Davidson set a $91.00 target price on Mellanox Technologies and gave the company a “buy” rating in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $90.00 target price (up from $80.00) on shares of Mellanox Technologies in a report on Friday. Loop Capital upped their target price on Mellanox Technologies to $100.00 and gave the company a “positive” rating in a report on Friday. Barclays raised Mellanox Technologies from an “equal weight” rating to an “overweight” rating and set a $90.00 target price for the company in a report on Thursday, April 12th. Finally, BidaskClub raised Mellanox Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Mellanox Technologies presently has a consensus rating of “Buy” and a consensus price target of $75.25.

Shares of Mellanox Technologies stock opened at $78.35 on Tuesday. The stock has a market capitalization of $4,063.22, a P/E ratio of 86.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.58 and a quick ratio of 2.25. Mellanox Technologies has a 1 year low of $41.55 and a 1 year high of $79.37.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.14. The firm had revenue of $237.60 million during the quarter, compared to the consensus estimate of $235.43 million. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 2.25%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. research analysts forecast that Mellanox Technologies will post 2.49 earnings per share for the current year.

In related news, VP Marc Sultzbaugh sold 5,000 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $67.00, for a total value of $335,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan Khazam acquired 400 shares of Mellanox Technologies stock in a transaction that occurred on Tuesday, January 23rd. The stock was acquired at an average cost of $66.50 per share, with a total value of $26,600.00. Following the completion of the purchase, the insider now owns 1,450 shares in the company, valued at approximately $96,425. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,292 shares of company stock valued at $85,270 and sold 54,381 shares valued at $3,628,808. 6.05% of the stock is currently owned by corporate 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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