Benjamin F. Edwards & Company Inc. Has $94,000 Stake in Mellanox Technologies, Ltd. (MLNX)

Benjamin F. Edwards & Company Inc. lowered its stake in Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 39.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,021 shares of the semiconductor producer’s stock after selling 658 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Mellanox Technologies were worth $94,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Xact Kapitalforvaltning AB lifted its stake in shares of Mellanox Technologies by 7.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 7,216 shares of the semiconductor producer’s stock valued at $667,000 after purchasing an additional 500 shares during the period. Mondrian Capital Management LLC acquired a new position in shares of Mellanox Technologies in the 4th quarter valued at $92,000. Eagle Global Advisors LLC lifted its stake in shares of Mellanox Technologies by 68.0% in the 4th quarter. Eagle Global Advisors LLC now owns 24,700 shares of the semiconductor producer’s stock valued at $2,282,000 after purchasing an additional 10,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Mellanox Technologies by 55.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 531,681 shares of the semiconductor producer’s stock valued at $49,117,000 after purchasing an additional 189,935 shares during the period. Finally, Private Capital Group LLC lifted its stake in shares of Mellanox Technologies by 259.4% in the 4th quarter. Private Capital Group LLC now owns 787 shares of the semiconductor producer’s stock valued at $73,000 after purchasing an additional 568 shares during the period. 74.71% of the stock is currently owned by institutional investors.

MLNX has been the topic of a number of analyst reports. BidaskClub raised Mellanox Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Jefferies Financial Group increased their price target on Mellanox Technologies from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 3rd. JPMorgan Chase & Co. raised Mellanox Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $98.00 to $100.00 in a research note on Thursday, October 25th. Zacks Investment Research raised Mellanox Technologies from a “hold” rating to a “strong-buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, January 30th. Finally, DA Davidson increased their price target on Mellanox Technologies to $124.00 and gave the company a “buy” rating in a research note on Monday, January 28th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $103.77.



In related news, Director Amal M. Johnson sold 5,714 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $95.49, for a total transaction of $545,629.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Glenda Dorchak sold 4,576 shares of the firm’s stock in a transaction on Friday, January 4th. The stock was sold at an average price of $85.00, for a total value of $388,960.00. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Shares of Mellanox Technologies stock opened at $99.36 on Tuesday. The firm has a market cap of $5.23 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 1.08 and a beta of 0.21. Mellanox Technologies, Ltd. has a 12 month low of $59.65 and a 12 month high of $99.79.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Wednesday, January 30th. The semiconductor producer reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.12. The business had revenue of $290.07 million for the quarter, compared to the consensus estimate of $284.96 million. Mellanox Technologies had a return on equity of 16.98% and a net margin of 12.33%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. Analysts expect that Mellanox Technologies, Ltd. will post 4.82 earnings per share for the current fiscal year.

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Mellanox Technologies Company Profile

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.

See Also: Price to Earnings Ratio (PE) Basics

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

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