Massachusetts Financial Services Co. MA grew its position in Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,017,368 shares of the semiconductor producer’s stock after buying an additional 72,994 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 3.68% of Mellanox Technologies worth $221,083,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Mellanox Technologies in the second quarter worth $49,000. Oakworth Capital Inc. acquired a new stake in shares of Mellanox Technologies in the second quarter worth $58,000. Tyers Asset Management LLC acquired a new stake in shares of Mellanox Technologies in the second quarter worth $73,000. Aperio Group LLC acquired a new stake in shares of Mellanox Technologies in the second quarter worth $91,000. Finally, Elkfork Partners LLC acquired a new stake in shares of Mellanox Technologies in the second quarter worth $100,000. Institutional investors own 78.21% of the company’s stock.
MLNX has been the topic of a number of recent research reports. BidaskClub upgraded shares of Mellanox Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. ValuEngine downgraded shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Finally, Zacks Investment Research upgraded shares of Mellanox Technologies from a “sell” rating to a “hold” rating and set a $125.00 price target on the stock in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $124.19.
Shares of Mellanox Technologies stock traded down $0.49 during trading on Wednesday, reaching $114.30. The company’s stock had a trading volume of 17,668 shares, compared to its average volume of 856,656. The stock has a 50-day moving average price of $111.57 and a two-hundred day moving average price of $111.71. Mellanox Technologies, Ltd. has a one year low of $78.86 and a one year high of $121.13. The stock has a market capitalization of $6.31 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 1.05 and a beta of 0.49.
Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor producer reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.11. Mellanox Technologies had a return on equity of 18.84% and a net margin of 14.03%. The business had revenue of $335.30 million during the quarter, compared to analysts’ expectations of $315.59 million. During the same period in the previous year, the business posted $1.33 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Sell-side analysts forecast that Mellanox Technologies, Ltd. will post 5.06 EPS for the current fiscal year.
Mellanox Technologies Company 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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