NWQ Investment Management Company LLC trimmed its position in Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,328,739 shares of the semiconductor producer’s stock after selling 1,585 shares during the quarter. NWQ Investment Management Company LLC owned approximately 2.61% of Mellanox Technologies worth $62,650,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its position in Mellanox Technologies by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 4,488 shares of the semiconductor producer’s stock valued at $194,000 after purchasing an additional 199 shares during the period. UBS Asset Management Americas Inc. boosted its position in Mellanox Technologies by 4.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 21,011 shares of the semiconductor producer’s stock valued at $910,000 after purchasing an additional 917 shares during the period. Swiss National Bank boosted its position in Mellanox Technologies by 2.2% during the 2nd quarter. Swiss National Bank now owns 73,821 shares of the semiconductor producer’s stock valued at $3,196,000 after purchasing an additional 1,600 shares during the period. Chicago Partners Investment Group LLC acquired a new position in Mellanox Technologies during the 2nd quarter valued at approximately $106,000. Finally, State Street Corp boosted its position in Mellanox Technologies by 5.3% during the 2nd quarter. State Street Corp now owns 53,753 shares of the semiconductor producer’s stock valued at $2,329,000 after purchasing an additional 2,725 shares during the period. Institutional investors and hedge funds own 60.84% of the company’s stock.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) opened at $58.25 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.78 and a current ratio of 3.12. Mellanox Technologies, Ltd. has a 12-month low of $39.70 and a 12-month high of $62.00. The stock has a market capitalization of $2,970.00, a price-to-earnings ratio of 64.79, a price-to-earnings-growth ratio of 4.21 and a beta of 0.64.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The company had revenue of $225.70 million during the quarter, compared to analyst estimates of $226.74 million. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts expect that Mellanox Technologies, Ltd. will post 0.83 earnings per share for the current fiscal year.

MLNX has been the subject of a number of analyst reports. DA Davidson boosted their price objective on Mellanox Technologies from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Stifel Nicolaus reduced their price objective on Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Benchmark initiated coverage on Mellanox Technologies in a research report on Tuesday, August 29th. They set a “buy” rating and a $60.00 price objective for the company. Longbow Research upgraded Mellanox Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, December 1st. Finally, BidaskClub upgraded Mellanox Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $52.33.

In other Mellanox Technologies news, insider Eyal Waldman sold 12,500 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $59.49, for a total transaction of $743,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Kagan sold 2,500 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $46.56, for a total value of $116,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 237,628 shares of company stock valued at $11,900,567 in the last quarter. 6.05% of the stock is currently owned by insiders.

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Mellanox Technologies Profile

Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems.

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

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