Toth Financial Advisory Corp Acquires Shares of 6,050 Mellanox Technologies, Ltd. (NASDAQ:MLNX)

Toth Financial Advisory Corp purchased a new stake in Mellanox Technologies, Ltd. (NASDAQ:MLNX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,050 shares of the semiconductor producer’s stock, valued at approximately $559,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Juncture Wealth Strategies LLC raised its holdings in Mellanox Technologies by 79.8% in the fourth quarter. Juncture Wealth Strategies LLC now owns 6,267 shares of the semiconductor producer’s stock valued at $579,000 after buying an additional 2,782 shares during the period. Navellier & Associates Inc raised its stake in shares of Mellanox Technologies by 24.7% during the fourth quarter. Navellier & Associates Inc now owns 29,396 shares of the semiconductor producer’s stock valued at $2,716,000 after purchasing an additional 5,814 shares during the period. Sheets Smith Wealth Management purchased a new stake in shares of Mellanox Technologies during the fourth quarter valued at approximately $662,000. Cerebellum GP LLC raised its stake in shares of Mellanox Technologies by 16.8% during the fourth quarter. Cerebellum GP LLC now owns 2,814 shares of the semiconductor producer’s stock valued at $260,000 after purchasing an additional 404 shares during the period. Finally, Retirement Systems of Alabama purchased a new stake in shares of Mellanox Technologies during the fourth quarter valued at approximately $4,157,000. Hedge funds and other institutional investors own 74.71% of the company’s stock.

In other news, Director Glenda Dorchak sold 4,576 shares of the business’s stock in a transaction on Friday, January 4th. The shares were sold at an average price of $85.00, for a total transaction of $388,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amal M. Johnson sold 5,714 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $95.49, for a total transaction of $545,629.86. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

A number of analysts have recently issued reports on MLNX shares. JPMorgan Chase & Co. upgraded shares of Mellanox Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $98.00 to $100.00 in a research note on Thursday, October 25th. BidaskClub upgraded shares of Mellanox Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Mellanox Technologies from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 3rd. Zacks Investment Research lowered shares of Mellanox Technologies from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Finally, DA Davidson lifted their price objective on shares of Mellanox Technologies to $124.00 and gave the company a “buy” rating in a research note on Monday, January 28th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $103.77.

Shares of NASDAQ:MLNX opened at $100.57 on Thursday. The firm has a market capitalization of $5.44 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.08 and a beta of 0.21. Mellanox Technologies, Ltd. has a 12-month low of $59.75 and a 12-month high of $102.63.

Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings data on Wednesday, January 30th. The semiconductor producer reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. Mellanox Technologies had a net margin of 12.33% and a return on equity of 16.98%. The firm had revenue of $290.07 million during the quarter, compared to the consensus estimate of $284.96 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. On average, analysts expect that Mellanox Technologies, Ltd. will post 4.82 EPS for the current year.

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Mellanox Technologies Company 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.

Further Reading: Leveraged Buyout (LBO) Explained

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

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