One68 Global Capital LLC Acquires Shares of 20,000 Mellanox Technologies, Ltd. (NASDAQ:MLNX)

One68 Global Capital LLC acquired a new stake in Mellanox Technologies, Ltd. (NASDAQ:MLNX) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,000 shares of the semiconductor producer’s stock, valued at approximately $2,367,000. Mellanox Technologies makes up about 7.1% of One68 Global Capital LLC’s holdings, making the stock its 5th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of Mellanox Technologies by 30.7% during the first quarter. Bank of Montreal Can now owns 426 shares of the semiconductor producer’s stock valued at $51,000 after buying an additional 100 shares during the last quarter. Security National Trust Co. purchased a new position in shares of Mellanox Technologies during the first quarter valued at approximately $59,000. Private Capital Group LLC lifted its holdings in Mellanox Technologies by 15.4% during the first quarter. Private Capital Group LLC now owns 908 shares of the semiconductor producer’s stock worth $107,000 after acquiring an additional 121 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Mellanox Technologies by 63.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 926 shares of the semiconductor producer’s stock worth $110,000 after acquiring an additional 359 shares during the period. Finally, QS Investors LLC lifted its holdings in Mellanox Technologies by 1,374.0% during the fourth quarter. QS Investors LLC now owns 1,813 shares of the semiconductor producer’s stock worth $168,000 after acquiring an additional 1,690 shares during the period. 75.20% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $118.30, for a total value of $473,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steve Sanghi bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was purchased at an average cost of $110.54 per share, with a total value of $2,210,800.00. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by corporate insiders.

MLNX has been the topic of several research reports. BidaskClub lowered Mellanox Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Rosenblatt Securities restated a “neutral” rating on shares of Mellanox Technologies in a research note on Wednesday, April 17th. Piper Jaffray Companies lowered Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research note on Monday, March 11th. Stifel Nicolaus lowered Mellanox Technologies from a “buy” rating to a “hold” rating and set a $117.95 price objective on the stock. in a research note on Thursday, March 14th. Finally, Zacks Investment Research lowered Mellanox Technologies from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $115.00.

MLNX stock traded down $0.74 during trading on Friday, hitting $110.05. 6,176 shares of the company traded hands, compared to its average volume of 807,998. The stock has a market capitalization of $6.07 billion, a PE ratio of 28.61, a P/E/G ratio of 1.18 and a beta of 0.41. Mellanox Technologies, Ltd. has a 1 year low of $65.68 and a 1 year high of $121.13. 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 (NASDAQ:MLNX) last issued its earnings results on Tuesday, April 16th. The semiconductor producer reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.30). The company had revenue of $305.20 million for the quarter, compared to analysts’ expectations of $300.40 million. Mellanox Technologies had a net margin of 12.69% and a return on equity of 17.69%. The company’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. Analysts anticipate that Mellanox Technologies, Ltd. will post 4.9 EPS for the current year.

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About Mellanox Technologies

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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