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

Mellanox Technologies, Ltd. (NASDAQ:MLNX) LogoInvestors sentiment decreased to 1.46 in 2018 Q3. Its down 0.05, from 1.51 in 2018Q2. It worsened, as 22 investors sold Mellanox Technologies, Ltd. shares while 60 reduced holdings. 50 funds opened positions while 70 raised stakes. 35.69 million shares or 2.52% less from 36.61 million shares in 2018Q2 were reported.
National Bank Of Mellon holds 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 73,765 shares. Granahan Investment Mngmt Ma stated it has 0.28% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Hbk Investments Ltd Partnership accumulated 54,900 shares. Starboard Value Lp reported 4.44M shares. California Public Employees Retirement Systems owns 108,587 shares. Stifel reported 0.01% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Oberweis Asset Mngmt reported 68,700 shares. 45,762 are held by Natixis Advsr Ltd Partnership. Rafferty Asset Management Ltd Liability Com accumulated 0.04% or 38,061 shares. Franklin Resource holds 8,243 shares or 0% of its portfolio. Quantbot Lp owns 16,454 shares for 0.08% of their portfolio. 276,476 are owned by Fmr Limited Liability Co. Tokio Marine Asset Mgmt Ltd stated it has 0.09% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Pnc Svcs Gru holds 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 60,819 shares. Citadel Advsr Ltd Liability Co reported 346,873 shares stake.

Since July 9, 2018, it had 0 insider purchases, and 11 insider sales for $62.91 million activity. Sultzbaugh Marc sold $761,253 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Friday, September 7. Dorchak Glenda had sold 10,000 shares worth $830,849 on Monday, July 23. 344,677 shares were sold by Starboard Value LP, worth $29.31M on Monday, July 9. $387,366 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was sold by WEATHERFORD CLIFTON THOMAS on Friday, July 20. Johnson Amal M also sold $514,260 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares. STARBOARD LEADERS FUND LP sold $29.31 million worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Monday, July 9.

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

Among 4 analysts covering Mellanox Technologies (NASDAQ:MLNX), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mellanox Technologies had 5 analyst reports since July 18, 2018 according to SRatingsIntel. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Overweight” rating by Barclays Capital on Wednesday, July 18. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Buy” rating by Jefferies on Monday, December 3. As per Thursday, October 25, the company rating was upgraded by JP Morgan. Below is a list of Mellanox Technologies, Ltd. (NASDAQ:MLNX) latest ratings and price target changes.

03/12/2018 Broker: Jefferies Old Rating: Buy New Rating: Buy Old Target: $110 New Target: $130 Maintain
25/10/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Old Target: $98 New Target: $100 Upgrade
10/10/2018 Broker: Bank of America Rating: Buy New Target: $105 Initiates Coverage On
02/10/2018 Broker: Jefferies Rating: Buy New Target: $110 Initiates Coverage On
18/07/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $103 New Target: $107 Maintain

The stock decreased 0.28% or $0.26 during the last trading session, reaching $93.15. About 277,500 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 52.13% since December 11, 2017 and is uptrending. It has outperformed by 52.13% the S&P500.

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, makes, and sells interconnect products and solutions. The company has market cap of $4.99 billion. The Company’s products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. It has a 56.25 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 notable recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Nasdaq.com which released: “Mellanox working with adviser on potential sale – Nasdaq” on October 25, 2018, also Nasdaq.com with their article: “Mellanox (MLNX) Launches Ethernet-Based Mellanox Onyx – Nasdaq” published on March 07, 2018, Nasdaq.com published: “Mellanox Technologies Ltd. (MLNX) Is Climbing On Reports Of Possible Sale – Nasdaq” on October 26, 2018. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) were released by: Nasdaq.com and their article: “Mid-Day Market Update: Dow Up 1.5%; Align Technology Shares Drop After Downbeat Forecast – Nasdaq” published on October 25, 2018 as well as Businesswire.com‘s news article titled: “Mellanox InfiniBand and Ethernet Solutions Accelerate the Majority of TOP500 Platforms on the November TOP500 Supercomputers List – Business Wire” with publication date: November 12, 2018.

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

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