WINTON GROUP Ltd Invests $300,000 in Mellanox Technologies, Ltd. (MLNX)

WINTON GROUP Ltd purchased a new stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,084 shares of the semiconductor producer’s stock, valued at approximately $300,000.

Other institutional investors have also recently made changes to their positions in the company. Pitcairn Co. bought a new position in Mellanox Technologies in the 3rd quarter worth approximately $253,000. Signition LP bought a new stake in shares of Mellanox Technologies during the third quarter valued at approximately $337,000. Victory Capital Management Inc. increased its position in shares of Mellanox Technologies by 85.2% during the third quarter. Victory Capital Management Inc. now owns 55,542 shares of the semiconductor producer’s stock valued at $4,079,000 after purchasing an additional 25,552 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Mellanox Technologies by 0.9% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,152,909 shares of the semiconductor producer’s stock valued at $158,131,000 after purchasing an additional 20,175 shares during the period. Finally, USA Financial Portformulas Corp bought a new stake in shares of Mellanox Technologies during the third quarter valued at approximately $253,000. Institutional investors and hedge funds own 74.39% of the company’s stock.

Shares of NASDAQ:MLNX opened at $89.13 on Friday. Mellanox Technologies, Ltd. has a fifty-two week low of $55.80 and a fifty-two week high of $99.14. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 97.95, a P/E/G ratio of 1.32 and a beta of 0.31.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings results on Wednesday, October 24th. The semiconductor producer reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. Mellanox Technologies had a return on equity of 14.72% and a net margin of 8.57%. The firm had revenue of $279.20 million for the quarter, compared to analysts’ expectations of $275.49 million. During the same period in the prior year, the business posted $0.71 earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. On average, equities research analysts anticipate that Mellanox Technologies, Ltd. will post 3.56 EPS for the current fiscal year.

A number of analysts have recently issued reports on MLNX shares. JPMorgan Chase & Co. upgraded Mellanox Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $98.00 to $100.00 in a research report on Thursday, October 25th. Bank of America started coverage on Mellanox Technologies in a research report on Wednesday, October 10th. They set a “buy” rating and a $105.00 price objective on the stock. BidaskClub cut Mellanox Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 11th. Zacks Investment Research cut Mellanox Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Jefferies Financial Group started coverage on Mellanox Technologies in a research report on Tuesday, October 2nd. They set a “buy” rating and a $110.00 price objective on the stock. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $100.62.

In other Mellanox Technologies news, Director Amal M. Johnson sold 5,714 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $90.00, for a total value of $514,260.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Michael Kagan sold 339 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $81.00, for a total value of $27,459.00. The disclosure for this sale can be found here. Insiders sold 24,053 shares of company stock worth $1,977,069 over the last quarter. Company 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, and sells interconnect products and solutions worldwide. 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; 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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