Today Credit Suisse Keeps a “Neutral” Rating on Mellanox Technologies (NASDAQ:MLNX) and a $75 Target Price

April 19, 2018 - By Clifton Ray

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.

Clal Insurance Enterprise Ltd invested in 2.08% or 1.22M shares. Moreover, Jefferies Group Limited Liability Corporation has 0.02% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Virtu Ltd Limited Liability Company holds 3,970 shares. First Mercantile Tru Com reported 2,830 shares or 0.04% of all its holdings. Moreover, Tower Research Capital Lc (Trc) has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 477 shares. The Massachusetts-based Geode Cap Management Ltd Liability Co has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Teacher Retirement Systems Of Texas holds 0.01% or 15,224 shares. Goldman Sachs Gru reported 57,984 shares. Sandy Spring Financial Bank holds 0% or 74 shares in its portfolio. Endurance Wealth Mngmt Inc stated it has 51,559 shares or 0.54% of all its holdings. Moreover, Lenox Wealth Mgmt has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Harber Asset Management Limited Liability stated it has 1.22% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Cap Rech Glob Investors holds 3.81M shares or 0.07% of its portfolio. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Deutsche Savings Bank Ag holds 0% or 1,256 shares.

Since January 2, 2018, it had 7 buys, and 8 insider sales for $4.28 million activity. On Wednesday, January 24 Cohen Shai sold $2.31 million worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 35,000 shares. Shulman Yakov (Jacob) sold $157,340 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, February 1. WATERS GREGORY L also bought $166,593 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares. On Tuesday, January 23 the insider Sultzbaugh Marc sold $335,000. Khazam Jonathan had bought 400 shares worth $26,600. 1,450 shares were bought by LACEY THOMAS A, worth $96,135.

Mellanox Technologies (NASDAQ:MLNX) Rating Reaffirmed

Mellanox Technologies (NASDAQ:MLNX) just had their share rating of a ‘”Neutral”‘ issued by research analysts at Credit Suisse, who now has a $75 PT on the $3.98B market cap company or a -1.70 % downside potential. This key information was disclosed to clients in a research note on Wednesday, 18 April.

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.

Clal Insurance Enterprise Ltd invested in 2.08% or 1.22M shares. Moreover, Jefferies Group Limited Liability Corporation has 0.02% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Virtu Ltd Limited Liability Company holds 3,970 shares. First Mercantile Tru Com reported 2,830 shares or 0.04% of all its holdings. Moreover, Tower Research Capital Lc (Trc) has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 477 shares. The Massachusetts-based Geode Cap Management Ltd Liability Co has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Teacher Retirement Systems Of Texas holds 0.01% or 15,224 shares. Goldman Sachs Gru reported 57,984 shares. Sandy Spring Financial Bank holds 0% or 74 shares in its portfolio. Endurance Wealth Mngmt Inc stated it has 51,559 shares or 0.54% of all its holdings. Moreover, Lenox Wealth Mgmt has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Harber Asset Management Limited Liability stated it has 1.22% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Cap Rech Glob Investors holds 3.81M shares or 0.07% of its portfolio. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Deutsche Savings Bank Ag holds 0% or 1,256 shares.

Since January 2, 2018, it had 7 buys, and 8 insider sales for $4.28 million activity. On Wednesday, January 24 Cohen Shai sold $2.31 million worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 35,000 shares. Shulman Yakov (Jacob) sold $157,340 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, February 1. WATERS GREGORY L also bought $166,593 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares. On Tuesday, January 23 the insider Sultzbaugh Marc sold $335,000. Khazam Jonathan had bought 400 shares worth $26,600. 1,450 shares were bought by LACEY THOMAS A, worth $96,135.

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

Among 12 analysts covering Mellanox (NASDAQ:MLNX), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Mellanox has $94 highest and $47 lowest target. $72.11’s average target is -5.49% below currents $76.3 stock price. Mellanox had 19 analyst reports since October 24, 2017 according to SRatingsIntel. The rating was downgraded by JP Morgan on Thursday, October 26 to “Neutral”. As per Wednesday, February 21, the company rating was maintained by Summit Redstone Partners. The stock has “Buy” rating by Longbow on Friday, December 1. The firm has “Underweight” rating by Barclays Capital given on Thursday, October 26. The rating was maintained by Susquehanna on Friday, January 19 with “Buy”. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Buy” rating given on Thursday, February 22 by Stifel Nicolaus. On Thursday, April 12 the stock rating was upgraded by Barclays Capital to “Overweight”. Piper Jaffray maintained the stock with “Hold” rating in Thursday, December 7 report. Barclays Capital upgraded the stock to “Equal-Weight” rating in Tuesday, November 28 report. CFRA upgraded it to “Buy” rating and $80.0 target in Friday, January 19 report.

The stock decreased 2.12% or $1.65 during the last trading session, reaching $76.3. About 186,128 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 40.78% since April 19, 2017 and is uptrending. It has outperformed by 29.23% the S&P500.

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, makes, and sells interconnect products and solutions. The company has market cap of $3.98 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.

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

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