Is Mellanox (NASDAQ:MLNX) Now a Buy? How Analysts Rate it and Why Piper Jaffray Upgraded The Stock

May 18, 2018 - By Marguerite Chambers

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 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.

Invesco Ltd reported 425,994 shares. Moreover, Bancshares Of Ny Mellon Corporation has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Citadel Advsr Limited Liability Com accumulated 539,795 shares. Eagle Limited Liability reported 9,500 shares or 0.02% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 2,955 shares or 0% of the stock. Parametric Associates Lc reported 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Bamco Inc Ny owns 108,059 shares for 0.03% of their portfolio. Monetary Gp owns 200 shares for 0.01% of their portfolio. Virginia Retirement Et Al stated it has 0.01% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). 202,013 were accumulated by Royal Bank Of Canada. Tower Research Ltd (Trc) reported 477 shares. Moreover, Pub Employees Retirement Association Of Colorado has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 2,571 shares. Riverpoint Cap Management Ltd Liability Corp reported 1.09% stake. Fmr Limited Liability accumulated 0% or 488,698 shares. Foundry Limited Com stated it has 0.07% in Mellanox Technologies, Ltd. (NASDAQ:MLNX).

Since January 2, 2018, it had 7 insider purchases, and 10 sales for $4.75 million activity. $32,741 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was bought by Olson Jon A. On Thursday, February 1 Waldman Eyal sold $128,825 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 1,975 shares. 1,450 shares were bought by LACEY THOMAS A, worth $96,135 on Tuesday, January 23. Another trade for 223 shares valued at $15,053 was made by CRANSTON MARY B on Monday, January 22. Shares for $827,730 were sold by Shulman Yakov (Jacob). Khazam Jonathan bought 400 shares worth $26,600.

Mellanox (NASDAQ:MLNX) Stock Upgrade

Piper Jaffray has boosted shares of Mellanox (NASDAQ:MLNX) to a solid “Buy” in an analyst report revealed to investors on today.

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. The firm has “Hold” rating given on Tuesday, April 17 by Piper Jaffray. The rating was upgraded by Barclays Capital to “Equal-Weight” on Tuesday, November 28. The stock has “Overweight” rating by Barclays Capital on Thursday, April 12. The firm earned “Buy” rating on Thursday, February 22 by Stifel Nicolaus. The firm has “Buy” rating by Longbow given on Friday, December 1. The firm has “Hold” rating by Rosenblatt given on Tuesday, April 17. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, December 6 report. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Buy” rating by CFRA on Friday, January 19. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Buy” rating given on Thursday, May 17 by Susquehanna. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Hold” rating by Piper Jaffray on Thursday, December 7.

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 EPS, 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 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 $4.55 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: Investorplace.com which released: “6 Best-Ranked Liquid Stocks for Impressive Returns” on May 16, 2018, also Businesswire.com with their article: “Mellanox Sends Letter to Shareholders” published on May 07, 2018, Streetinsider.com published: “Starboard’s 13F Shows New Stake in Newell Rubbermaid (NWL), Increase in Forest City (FCE-A), Macerich (MAC …” on May 15, 2018. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) were released by: Benzinga.com and their article: “The Market In 5 Minutes: Ebola, Icahn, NAFTA, Semis And More” published on May 18, 2018 as well as Nasdaq.com‘s news article titled: “5 Potential Winners as US-China Trade Conflict Lingers” with publication date: May 16, 2018.

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

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