Menora Mivtachim Holdings LTD Decreased Its Mellanox Technologies LTD (MLNX) Stake by $6.67 Million as Shares Rose

June 29, 2018 - By Mark Williams

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Corporate LogoBig Money Sentiment increased to 2.09 in Q1 2018. It has change of 1.01, from 2017Q4’s 1.08. The ratio is positive due to MLNX positioning: 8 sold and 39 reduced. 51 funds bought holdings and 47 increased holdings. Investors holded 31.57 million in 2017Q4 but now own 35.98 million shares or 13.98% more. Jericho Asset Limited Partnership invested 2.82% of its capital in Mellanox Technologies, Ltd. (NASDAQ:MLNX). First Interstate Savings Bank has invested 0.08% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Citigroup has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Canada Pension Plan Board accumulated 213,600 shs. Legal General Public Limited Co, United Kingdom-based fund reported 9,080 shs. Starboard Value LP reported 5.47M shs stake. Strategic Global Limited Liability Company stated it has 0.2% of its capital in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Group One Trading LP has invested 0.03% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). First Mercantile Tru Company has 2,590 shs. Invesco owns 353,999 shs. Tradewinds Capital Mgmt Limited Liability Company reported 400 shs. Morgan Stanley holds 161,882 shs or 0% of its capital. Envestnet Asset invested in 773 shs or 0% of the stock. Employees Retirement Association Of Colorado invested in 2,571 shs. Israel-based Comml Bank Hapoalim Bm has invested 0.22% in Mellanox Technologies, Ltd. (NASDAQ:MLNX).

MLNX registered $6.47 million net activity with 7 insider buys and 11 insider sales since January 2, 2018. 2,500 shs were sold by Kagan Michael, worth $168,750 on Thursday, January 25. Sultzbaugh Marc sold $143,550 worth of stock. 500 Mellanox Technologies, Ltd. (NASDAQ:MLNX) shs with value of $32,741 were bought by Olson Jon A. On Monday, January 22 223 shs were bought by CRANSTON MARY B, worth $15,053. 1,450 shs were bought by LACEY THOMAS A, worth $96,135 on Tuesday, January 23. On Monday, January 22 Shares for $166,593 were bought by WATERS GREGORY L.

According to 2018Q1 SEC filling the Menora Mivtachim Holdings Ltd reduced its holdings in Mellanox Technologies Ltd (MLNX) by 4.34%. By selling 92,600 shares Menora Mivtachim Holdings Ltd made the stock popped up with 24.89%. At the end of 2018Q1, the institutional investor held 2.04M shares of the technology company, priced at $148.72 million, down from 2.13M at the end of the previous reported quarter. $4.46B is the market cap of Mellanox Technologies Ltd. Ticker’s shares touched $84.2 during the last trading session after 0.18% change.Currently Mellanox Technologies, Ltd. is uptrending after 80.17% change in last June 29, 2017. MLNX has also 41,670 shares volume. MLNX outperformed the S&P 500 by 67.60%.

Menora Mivtachim Holdings Ltd operates about $3.16B US Long portfolio. It upped its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 180,895 shares to 302,200 shares, valued at $18.45M in 2018Q1, according to the filing. Menora Mivtachim Holdings Ltd has risen its stake in Orbotech Ltd (NASDAQ:ORBK) and also increased its holding in Bluebird Bio Inc (NASDAQ:BLUE) by 49,700 shares in the quarter, for a total of 141,700 shares.

Earnings report for Mellanox Technologies, Ltd. (NASDAQ:MLNX) is awaited on July, 25., as reported by RTT. Analysts predict 690.00 % diference or $0.79 from the $0.1 EPS from 2017. MLNX’s profit could be $41.82M if the current EPS of $0.79 is accurate. 12.86 % EPS growth is what analysts predict. $0.70 EPS was announced for last quarter.

For more Mellanox Technologies, Ltd. (NASDAQ:MLNX) news brought out briefly go to: Investorplace.com, Nasdaq.com, Seekingalpha.com, Globes.Co.Il or Seekingalpha.com. The titles are as follows: “5 Top Liquid Stocks for a Winning Portfolio” brought out on June 18, 2018, “Market Trends Toward New Normal in NEXEO SOLUTIONS, Mimecast, Mellanox Technologies, YY, Enerplus, and …” on June 04, 2018, “Mellanox reaches board member agreement with Starboard” with a publish date: June 19, 2018, “Mellanox CEO: We employ over 100 Palestinians” and the last “Reuters: Mellanox close to board member deal with Starboard” with publication date: June 18, 2018.

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

A total of 10 analysts rate Mellanox (NASDAQ:MLNX) as follows: 7 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 70% are bullish. (NASDAQ:MLNX) has 15 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Wednesday, April 18 Credit Suisse maintained the shares of MLNX in report with “Neutral” rating. On Friday, January 19 Piper Jaffray maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating. Piper Jaffray has “Hold” rating and $73.0 target. On Tuesday, April 17 the firm earned “Hold” rating by Piper Jaffray. On Tuesday, April 17 Susquehanna maintained the shares of MLNX in report with “Positive” rating. On Wednesday, February 21 the rating was maintained by Summit Redstone Partners with “Buy”. In Friday, January 19 report CFRA upgraded it to “Buy” rating and $80.0 target. In Tuesday, April 17 report Rosenblatt maintained the stock with “Hold” rating. On Friday, January 19 the firm has “Buy” rating by Susquehanna given. On Thursday, February 22 the firm has “Buy” rating given by Stifel Nicolaus. On Thursday, January 18 the rating was maintained by Stifel Nicolaus with “Buy”.

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

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