Northwestern Mutual Wealth Management Co. Purchases 359 Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX)

Northwestern Mutual Wealth Management Co. raised its stake in Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 63.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 926 shares of the semiconductor producer’s stock after purchasing an additional 359 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Mellanox Technologies were worth $110,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Bank of Montreal Can increased its stake in Mellanox Technologies by 30.7% in the first quarter. Bank of Montreal Can now owns 426 shares of the semiconductor producer’s stock valued at $51,000 after purchasing an additional 100 shares during the last quarter. Private Capital Group LLC boosted its holdings in shares of Mellanox Technologies by 15.4% in the first quarter. Private Capital Group LLC now owns 908 shares of the semiconductor producer’s stock valued at $107,000 after acquiring an additional 121 shares during the period. Northern Trust Corp boosted its holdings in shares of Mellanox Technologies by 0.5% in the fourth quarter. Northern Trust Corp now owns 38,003 shares of the semiconductor producer’s stock valued at $3,511,000 after acquiring an additional 172 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Mellanox Technologies by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 42,800 shares of the semiconductor producer’s stock valued at $3,954,000 after acquiring an additional 400 shares during the period. Finally, Alambic Investment Management L.P. boosted its holdings in shares of Mellanox Technologies by 13.7% in the first quarter. Alambic Investment Management L.P. now owns 3,990 shares of the semiconductor producer’s stock valued at $472,000 after acquiring an additional 480 shares during the period. Institutional investors own 75.20% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub raised Mellanox Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Rosenblatt Securities reissued a “neutral” rating on shares of Mellanox Technologies in a report on Wednesday, April 17th. Zacks Investment Research downgraded Mellanox Technologies from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Jefferies Financial Group downgraded Mellanox Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $130.00 to $125.00 in a report on Friday, March 29th. Finally, Stifel Nicolaus downgraded Mellanox Technologies from a “buy” rating to a “hold” rating and set a $117.95 price objective for the company. in a report on Thursday, March 14th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Mellanox Technologies presently has an average rating of “Hold” and a consensus target price of $115.00.

Shares of NASDAQ MLNX opened at $110.79 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.38 and a quick ratio of 2.99. Mellanox Technologies, Ltd. has a 1-year low of $65.68 and a 1-year high of $121.13. The firm has a market cap of $6.09 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.18 and a beta of 0.41.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings results on Tuesday, April 16th. The semiconductor producer reported $1.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.30). Mellanox Technologies had a return on equity of 17.69% and a net margin of 12.69%. The company had revenue of $305.20 million for the quarter, compared to analyst estimates of $300.40 million. During the same period in the prior year, the business earned $0.98 earnings per share. Mellanox Technologies’s revenue for the quarter was up 21.6% compared to the same quarter last year. On average, sell-side analysts predict that Mellanox Technologies, Ltd. will post 4.9 earnings per share for the current fiscal year.

In other Mellanox Technologies news, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $118.30, for a total value of $473,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steve Sanghi acquired 20,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was acquired at an average price of $110.54 per share, with a total value of $2,210,800.00. The disclosure for this purchase can be found here. Corporate insiders own 4.20% of the company’s stock.

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

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