Alpine Group USVI LLC bought a new stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 125,000 shares of the semiconductor producer’s stock, valued at approximately $13,699,000. Mellanox Technologies accounts for 3.5% of Alpine Group USVI LLC’s holdings, making the stock its 8th largest position.
Several other large investors also recently modified their holdings of MLNX. CNH Partners LLC acquired a new stake in shares of Mellanox Technologies in the 1st quarter valued at $111,064,000. Alpine Associates Management Inc. lifted its stake in shares of Mellanox Technologies by 31.8% in the 2nd quarter. Alpine Associates Management Inc. now owns 1,565,900 shares of the semiconductor producer’s stock valued at $173,298,000 after purchasing an additional 377,390 shares during the last quarter. Cowen Inc. lifted its stake in shares of Mellanox Technologies by 61.0% in the 2nd quarter. Cowen Inc. now owns 784,841 shares of the semiconductor producer’s stock valued at $86,858,000 after purchasing an additional 297,331 shares during the last quarter. Quinn Opportunity Partners LLC lifted its stake in shares of Mellanox Technologies by 2,651.3% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 275,127 shares of the semiconductor producer’s stock valued at $30,448,000 after purchasing an additional 265,127 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Mellanox Technologies by 13.4% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,180,158 shares of the semiconductor producer’s stock valued at $241,278,000 after purchasing an additional 257,772 shares during the last quarter. 75.96% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on MLNX shares. ValuEngine lowered shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. BidaskClub raised shares of Mellanox Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 17th. Finally, Zacks Investment Research raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $120.16.
In related news, VP Marc Sultzbaugh sold 2,500 shares of Mellanox Technologies stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $109.00, for a total value of $272,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.20% of the company’s stock.
MLNX traded up $1.18 during trading on Friday, hitting $110.47. The stock had a trading volume of 39,609 shares, compared to its average volume of 404,401. The firm has a market cap of $5.97 billion, a PE ratio of 28.71, a P/E/G ratio of 0.91 and a beta of 0.48. Mellanox Technologies, Ltd. has a 12 month low of $65.68 and a 12 month high of $121.13. The company has a 50 day simple moving average of $109.64 and a 200-day simple moving average of $112.78.
Mellanox Technologies (NASDAQ:MLNX) last announced its earnings results on Wednesday, July 24th. The semiconductor producer reported $1.04 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.10). The firm had revenue of $310.30 million during the quarter, compared to the consensus estimate of $307.24 million. Mellanox Technologies had a return on equity of 16.86% and a net margin of 14.09%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 EPS. As a group, research analysts forecast that Mellanox Technologies, Ltd. will post 5.51 EPS for the current year.
Mellanox Technologies Profile
Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions. 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; and 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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