Are Analysts Bearish Mellanox Technologies, Ltd. (NASDAQ:MLNX) After Last Week?

July 14, 2018 - By Mona Holcomb

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 Mellanox Technologies, Ltd. 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.
Sphera Funds Mngmt Limited has 1.11% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 100,279 shares. Jefferies Grp Incorporated Ltd Com, New York-based fund reported 55,160 shares. Trexquant Inv Ltd Partnership accumulated 9,459 shares. Manufacturers Life Ins The holds 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 23 shares. Tiaa Cref Inv Ltd invested in 0.01% or 132,631 shares. Cookson Peirce Communications Inc holds 1.25% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 189,710 shares. One Capital invested in 3,000 shares. Fincl Bank Of America De invested in 386,271 shares. Eagle Glob Advisors Ltd Limited Liability Company holds 0.04% or 14,500 shares. Sandler Cap Mgmt holds 0.83% or 93,790 shares. Fil Limited has invested 0.26% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Rothschild Invest Corporation Il reported 0.25% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Natixis Advisors Limited Partnership accumulated 39,337 shares. Rafferty Asset Mngmt Ltd Company holds 0.06% or 57,201 shares in its portfolio. Cibc World Mkts holds 3,381 shares.

Since January 22, 2018, it had 7 insider purchases, and 9 insider sales for $5.29 million activity. 2,500 shares were bought by WATERS GREGORY L, worth $166,593 on Monday, January 22. Shares for $143,550 were sold by Sultzbaugh Marc. $157,340 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares were sold by Shulman Yakov (Jacob). 2,500 Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares with value of $168,750 were sold by Kagan Michael. On Monday, January 29 the insider Olson Jon A bought $32,741. $15,053 worth of stock was bought by CRANSTON MARY B on Monday, January 22.

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 stock has “Buy” rating by Susquehanna on Thursday, May 17. On Wednesday, February 21 the stock rating was maintained by Summit Redstone Partners with “Buy”. As per Friday, January 19, the company rating was maintained by Susquehanna. The rating was maintained by Stifel Nicolaus on Tuesday, April 17 with “Buy”. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Positive” rating given on Tuesday, April 17 by Susquehanna. On Friday, May 18 the stock rating was upgraded by PiperJaffray to “Overweight”. CFRA upgraded Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Friday, January 19. CFRA has “Buy” rating and $80.0 target. The rating was maintained by Rosenblatt on Tuesday, April 17 with “Hold”. Stifel Nicolaus maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, February 22 with “Buy” rating. The firm earned “Overweight” rating on Thursday, April 12 by Barclays Capital. Below is a list of Mellanox Technologies, Ltd. (NASDAQ:MLNX) latest ratings and price target changes.

18/05/2018 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight Upgrade
17/05/2018 Broker: Susquehanna Rating: Buy New Target: $105.0000 Maintain
17/04/2018 Broker: Piper Jaffray Rating: Hold New Target: $84.0000 Maintain
17/04/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $100.0000 Maintain
17/04/2018 Broker: Rosenblatt Rating: Hold Maintain
18/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $65 New Target: $75 Maintain
17/04/2018 Broker: Susquehanna Old Rating: Positive New Rating: Positive Old Target: $80 New Target: $90 Maintain
12/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight Upgrade
21/02/2018 Broker: Summit Redstone Partners Rating: Buy New Target: $75.0 Maintain
22/02/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $80 New Target: $94 Maintain

The stock decreased 0.24% or $0.2 during the last trading session, reaching $82.9. About 314,652 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 80.17% since July 14, 2017 and is uptrending. It has outperformed by 67.60% the S&P500.

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, makes, and sells interconnect products and solutions. The company has market cap of $4.39 billion. The Company’s products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. It has a 138.4 P/E ratio. 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 recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Investorplace.com which released: “Intel (INTC) Stock Shows Potential: Here’s Why it Should Be on Your Radar” on July 09, 2018. Also Seekingalpha.com published the news titled: “Mellanox reaches board member agreement with Starboard” on June 19, 2018. Finance.Yahoo.com‘s news article titled: “3 Strong Buy Semiconductor Stocks to Consider Now” with publication date: July 12, 2018 was also an interesting one.

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

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