Mellanox Tech (NASDAQ:MLNX) “Buy” Rating Kept Today By The Benchmark Company; The Target is Set to $100

May 17, 2018 - By Kristen Paramore

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Logo

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.13, from 0.95 in 2017Q3. It is positive, as 27 investors sold Mellanox Technologies, Ltd. shares while 37 reduced holdings. 31 funds opened positions while 38 raised stakes. 31.57 million shares or 5.92% more from 29.80 million shares in 2017Q3 were reported.

Swiss Commercial Bank invested in 77,121 shares or 0.01% of the stock. Jpmorgan Chase And owns 97,253 shares for 0% of their portfolio. Blackrock reported 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Neuberger Berman Ltd Com has 0.06% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Geode Limited Co owns 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 32,241 shares. Invesco Limited holds 425,994 shares or 0.01% of its portfolio. Sterling Cap Limited Company has invested 0.02% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Arrowmark Colorado Holding Limited holds 110,000 shares. Taylor Frigon Mgmt Lc invested in 2.99% or 57,005 shares. Loomis Sayles & Commerce Lp holds 0.05% or 338,164 shares. Pinnacle Assoc reported 0.01% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Atlantic Tru Grp Llc, Georgia-based fund reported 100 shares. Morgan Stanley invested in 40,690 shares. 2.13 million are owned by Menora Mivtachim Ltd. 89 are held by Pnc Fin.

Since January 2, 2018, it had 7 insider purchases, and 10 insider sales for $4.75 million activity. Makov Efrat also bought $13,392 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares. $157,340 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was sold by Shulman Yakov (Jacob). Olson Jon A also bought $32,741 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares. Kagan Michael also sold $355,000 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares. Khazam Jonathan had bought 400 shares worth $26,600 on Tuesday, January 23. $12,538 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was bought by Titinger Jorge on Wednesday, January 31.

Mellanox Tech (NASDAQ:MLNX) Rating Reaffirmed

Recently, In a research note sent to investors on Thursday morning, Mellanox Tech (NASDAQ:MLNX) shares have had their “Buy” Rating reconfirmed by professional analysts at The Benchmark Company, who currently has a $100 price target on company. This target by The Benchmark Company would indicate the possibile upside of 14.88 % from the current price.

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

Among 11 analysts covering Mellanox (NASDAQ:MLNX), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Mellanox has $10000 highest and $61.0 lowest target. $78.22’s average target is -10.14% below currents $87.05 stock price. Mellanox had 19 analyst reports since November 22, 2017 according to SRatingsIntel. Barclays Capital upgraded the shares of MLNX in report on Thursday, April 12 to “Overweight” rating. CFRA upgraded it to “Buy” rating and $80.0 target in Friday, January 19 report. The stock has “Buy” rating by Longbow on Friday, December 1. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Hold” rating given on Friday, January 19 by Piper Jaffray. On Thursday, January 18 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Wednesday, February 21, the company rating was maintained by Summit Redstone Partners. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, December 6. The firm earned “Positive” rating on Tuesday, April 17 by Susquehanna. The company was maintained on Tuesday, April 17 by Piper Jaffray. As per Friday, January 19, the company rating was maintained by Susquehanna.

The stock increased 2.53% or $2.15 during the last trading session, reaching $87.05. About 937,763 shares traded or 88.23% up from the average. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 40.78% since May 18, 2017 and is uptrending. It has outperformed by 29.23% the S&P500.

Analysts await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings on July, 25. They expect $0.75 earnings per share, up 650.00 % or $0.65 from last year’s $0.1 per share. MLNX’s profit will be $39.14M for 29.02 P/E if the $0.75 EPS becomes a reality. After $0.70 actual earnings per share reported by Mellanox Technologies, Ltd. for the previous quarter, Wall Street now forecasts 7.14 % EPS growth.

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, makes, and sells interconnect products and solutions. The company has market cap of $4.54 billion. The Company’s products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. It currently has negative earnings. The firm offers InfiniBand solutions, including switch and gateway integrated circuits , adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; Ethernet solution for use in enterprise data center, high-performance computing, embedded environments, hyperscale Web 2.0, and cloud data centers; and Ethernet adapters.

More notable recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Streetinsider.com which released: “Starboard’s 13F Shows New Stake in Newell Rubbermaid (NWL), Increase in Forest City (FCE-A), Macerich (MAC …” on May 15, 2018, also Seekingalpha.com with their article: “Mellanox: Clear Upside After Q1 Results” published on April 18, 2018, Businesswire.com published: “Mellanox Sends Letter to Shareholders” on May 07, 2018. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) were released by: Nasdaq.com and their article: “5 Potential Winners as US-China Trade Conflict Lingers” published on May 16, 2018 as well as Businesswire.com‘s news article titled: “Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders Vote “FOR” Both of Mellanox’s Best …” with publication date: May 14, 2018.

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

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