What Will The Effects of a PiperJaffray Upgrade Be For Mellanox Technologies (NASDAQ:MLNX) Shares?

May 18, 2018 - By Catherine Nunes

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 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.

Credit Suisse Ag accumulated 18,962 shares. First Mercantile Trust Company holds 0.04% or 2,830 shares. Delta Asset Lc Tn has 300 shares for 0% of their portfolio. Moreover, Fmr Limited Liability Company has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Moreover, Goldman Sachs Gp Inc has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Retail Bank Of Montreal Can has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 326 shares. Rhode Island-based Endurance Wealth Inc has invested 0.54% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Menora Mivtachim Holding holds 5.33% or 2.13 million shares in its portfolio. Cortina Asset Mngmt Lc invested 1.15% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Pinnacle Associates Ltd holds 0.01% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 8,050 shares. Tradewinds Capital Management Lc accumulated 400 shares. Herald Inv Management Ltd stated it has 199,350 shares or 4.04% of all its holdings. Clal Ins Enterp reported 2.08% stake. Royal Savings Bank Of Canada invested 0.01% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Employees Retirement Association Of Colorado has 2,571 shares for 0% of their portfolio.

Since January 2, 2018, it had 7 buys, and 10 insider sales for $4.75 million activity. $12,538 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares were bought by Titinger Jorge. Another trade for 2,500 shares valued at $166,593 was made by WATERS GREGORY L on Monday, January 22. Shulman Yakov (Jacob) sold $324,767 worth of stock. 35,000 shares were sold by Cohen Shai, worth $2.31 million. $15,053 worth of stock was bought by CRANSTON MARY B on Monday, January 22. Waldman Eyal sold 1,975 shares worth $128,825.

Mellanox Technologies (NASDAQ:MLNX) Stock Upgrade

The rating for shares of Mellanox Technologies (NASDAQ:MLNX) were upped by equity analysts at PiperJaffray from a “Neutral” rating to a “Overweight” rating in a report published on Friday, 18 May.

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 -8.23% below currents $87.05 stock price. Mellanox had 20 analyst reports since November 22, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Friday, December 1 by Longbow. The stock has “Buy” rating by Stifel Nicolaus on Thursday, January 18. The firm earned “Buy” rating on Friday, January 19 by Susquehanna. Susquehanna maintained the shares of MLNX in report on Thursday, May 17 with “Buy” rating. Piper Jaffray maintained the stock with “Hold” rating in Friday, January 19 report. The firm has “Buy” rating given on Wednesday, February 21 by Summit Redstone Partners. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, April 17 report. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Hold” rating by Piper Jaffray on Thursday, December 7. Credit Suisse maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Wednesday, April 18. Credit Suisse has “Neutral” rating and $75 target. As per Tuesday, April 17, 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 85.46% 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 EPS, up 650.00 % or $0.65 from last year’s $0.1 per share. MLNX’s profit will be $39.14 million for 29.02 P/E if the $0.75 EPS becomes a reality. After $0.70 actual EPS 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: Investorplace.com which released: “6 Best-Ranked Liquid Stocks for Impressive Returns” on May 16, 2018, also Nasdaq.com with their article: “5 Potential Winners as US-China Trade Conflict Lingers” published on May 16, 2018, Benzinga.com published: “A Peek Into The Markets: US Stock Futures Gain Ahead Of Campbell Soup Earnings” on May 18, 2018. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) were released by: Businesswire.com and their article: “Mellanox Sends Letter to Shareholders” published on May 07, 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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