Mellanox Technologies LTD (MLNX) Holder Ion Asset Management LTD Has Trimmed Stake by $6.31 Million as Stock Value Rose

July 16, 2018 - By Palma Niemeyer

Mellanox Technologies, Ltd. (NASDAQ:MLNX) LogoInvestors sentiment increased to 2.09 in 2018 Q1. Its up 1.01, from 1.08 in 2017Q4. It is positive, as 8 investors sold MLNX shares while 39 reduced holdings. 51 funds opened positions while 47 raised stakes. 35.98 million shares or 13.98% more from 31.57 million shares in 2017Q4 were reported. Aqr Cap Mngmt Lc stated it has 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). The Massachusetts-based Loomis Sayles Com Lp has invested 0.04% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Bluefin Trading Ltd Limited Liability Company accumulated 0.12% or 23,369 shares. Lenox Wealth Management Inc owns 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 200 shares. Geode Mngmt Limited holds 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 35,609 shares. Millennium Mgmt Limited Company has invested 0.04% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Sei Invs stated it has 56,693 shares. Cookson Peirce And holds 189,710 shares or 1.25% of its portfolio. 5.47M were reported by Starboard Value Limited Partnership. Fil Limited invested in 1.32M shares. Heartland holds 0.24% in Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 50,000 shares. 8,150 are owned by Koch Indus. Axa holds 0.02% or 62,000 shares. Sandy Spring Comml Bank has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Quantitative Investment Mngmt Ltd Liability Co owns 49,200 shares.

Since January 22, 2018, it had 7 insider purchases, and 11 insider sales for $63.90 million activity. Cohen Shai had sold 35,000 shares worth $2.31M on Wednesday, January 24. Shulman Yakov (Jacob) sold $324,767 worth of stock. Another trade for 2,500 shares valued at $166,593 was bought by WATERS GREGORY L. $29.31 million worth of stock was sold by STARBOARD LEADERS FUND LP on Monday, July 9. On Thursday, January 25 the insider Makov Efrat bought $13,392. 500 shares were bought by Olson Jon A, worth $32,741.

Bart Baum decreased its stake in Mellanox Technologies Ltd (MLNX) by 5.71% based on its latest 2018Q1 regulatory filing with the SEC. Ion Asset Management Ltd sold 87,577 shares as the company’s stock rose 24.89% while stock markets declined. The hedge fund run by Bart Baum held 1.45 million shares of the technology company at the end of 2018Q1, valued at $105.29 million, down from 1.53 million at the end of the previous reported quarter. Ion Asset Management Ltd who had been investing in Mellanox Technologies Ltd for a number of months, seems to be less bullish one the $4.49B market cap company. The stock increased 2.23% or $1.85 during the last trading session, reaching $84.75. About 288,053 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 80.17% since July 16, 2017 and is uptrending. It has outperformed by 67.60% the S&P500.

Analysts await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings on July, 25. They expect $0.79 EPS, up 690.00 % or $0.69 from last year’s $0.1 per share. MLNX’s profit will be $41.82 million for 26.82 P/E if the $0.79 EPS becomes a reality. After $0.70 actual EPS reported by Mellanox Technologies, Ltd. for the previous quarter, Wall Street now forecasts 12.86 % EPS growth.

More recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Finance.Yahoo.com which released: “3 Strong Buy Semiconductor Stocks to Consider Now” on July 13, 2018. Also Seekingalpha.com published the news titled: “Reuters: Mellanox close to board member deal with Starboard” on June 18, 2018. Seekingalpha.com‘s news article titled: “Mellanox reaches board member agreement with Starboard” with publication date: June 19, 2018 was also an interesting one.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Ratings Coverage

Among 10 analysts covering Mellanox (NASDAQ:MLNX), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Mellanox had 15 analyst reports since January 19, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, May 17 by Susquehanna. On Thursday, April 12 the stock rating was upgraded by Barclays Capital to “Overweight”. As per Wednesday, February 21, the company rating was maintained by Summit Redstone Partners. As per Wednesday, April 18, the company rating was maintained by Credit Suisse. The firm has “Buy” rating given on Friday, January 19 by CFRA. The firm earned “Hold” rating on Tuesday, April 17 by Piper Jaffray. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 22. On Friday, January 19 the stock rating was maintained by Piper Jaffray with “Hold”. The rating was maintained by Rosenblatt with “Hold” on Tuesday, April 17. The rating was maintained by Susquehanna with “Buy” on Friday, January 19.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Ratings Chart

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