Analysts at Piper Jaffray Give Mellanox (NASDAQ:MLNX) an Upgrade

May 18, 2018 - By Sophie Menendez

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Logo

Investors sentiment increased to 1.08 in Q4 2017. Its up 0.13, from 0.95 in 2017Q3. It increased, 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.

Teacher Retirement Systems Of Texas stated it has 0.01% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Hotchkis & Wiley Capital Mngmt Ltd Llc holds 0% or 16,284 shares in its portfolio. Vanguard Gru Inc holds 0% or 164,934 shares. Spark Invest Mngmt Lc accumulated 33,300 shares. Loomis Sayles And Lp holds 0.05% or 338,164 shares. Citadel Limited Liability Co reported 539,795 shares. The Israel-based Menora Mivtachim Ltd has invested 5.33% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Taylor Frigon Cap Mgmt Limited Com accumulated 2.99% or 57,005 shares. Comml Bank Of Montreal Can reported 326 shares or 0% of all its holdings. Brinker Inc owns 6,703 shares. Alliancebernstein L P owns 1.08M shares. 268,641 are owned by Snow Cap Mgmt L P. The Missouri-based Benjamin F Edwards And has invested 0.01% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Tradewinds Capital Mgmt Llc holds 0.01% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 400 shares. D E Shaw And Company Inc holds 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 48,786 shares.

Since January 2, 2018, it had 7 insider purchases, and 10 selling transactions for $4.75 million activity. 500 shares were bought by Olson Jon A, worth $32,741. Shares for $15,053 were bought by CRANSTON MARY B on Monday, January 22. On Monday, January 22 WATERS GREGORY L bought $166,593 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 2,500 shares. $26,600 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was bought by Khazam Jonathan. $157,340 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was sold by Shulman Yakov (Jacob) on Thursday, February 1. Shares for $168,750 were sold by Kagan Michael.

Mellanox (NASDAQ:MLNX) Stock Upgrade

In a note issued on 18 May, Piper Jaffray increased their rating for shares of Mellanox (NASDAQ:MLNX) to a Buy.

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 $10500 highest and $61.0 lowest target. $79.89’s average target is -8.38% below currents $87.2 stock price. Mellanox had 20 analyst reports since November 22, 2017 according to SRatingsIntel. As per Thursday, February 22, the company rating was maintained by Stifel Nicolaus. On Wednesday, April 18 the stock rating was maintained by Credit Suisse with “Neutral”. Susquehanna maintained it with “Buy” rating and $80.0 target in Friday, January 19 report. Piper Jaffray maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, December 7 with “Hold” rating. Rosenblatt maintained the shares of MLNX in report on Tuesday, April 17 with “Hold” rating. The company was maintained on Thursday, January 18 by Stifel Nicolaus. On Wednesday, December 6 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Buy” rating given on Friday, December 1 by Longbow. Piper Jaffray maintained the shares of MLNX in report on Tuesday, April 17 with “Hold” rating. Summit Redstone Partners maintained the shares of MLNX in report on Wednesday, February 21 with “Buy” rating.

The stock increased 0.17% or $0.15 during the last trading session, reaching $87.2. About 49,591 shares traded. 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 29.07 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 $4.55 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: Businesswire.com which released: “Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders Vote “FOR” Both of Mellanox’s Best …” on May 14, 2018, also Streetinsider.com with their article: “Starboard’s 13F Shows New Stake in Newell Rubbermaid (NWL), Increase in Forest City (FCE-A), Macerich (MAC …” published on May 15, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) were released by: Investorplace.com and their article: “6 Best-Ranked Liquid Stocks for Impressive Returns” published on May 16, 2018 as well as Businesswire.com‘s news article titled: “Mellanox Sends Letter to Shareholders” with publication date: May 07, 2018.

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

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