Stifel Nicolaus Reconfirms a Buy Rating on Mellanox (MLNX) and $70.0 Target; BSM TECHS (BSMZF) Shorts Raised By 183.33%

December 7, 2017 - By Linda Rogers

BSM TECHS INCORPORATED (OTCMKTS:BSMZF) had an increase of 183.33% in short interest. BSMZF’s SI was 10,200 shares in December as released by FINRA. Its up 183.33% from 3,600 shares previously. With 200 avg volume, 51 days are for BSM TECHS INCORPORATED (OTCMKTS:BSMZF)’s short sellers to cover BSMZF’s short positions. It closed at $0.9604 lastly. It is down 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 17 analysts covering Mellanox Tech (NASDAQ:MLNX), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. Mellanox Tech has $80 highest and $38.0 lowest target. $55.50’s average target is -6.49% below currents $59.35 stock price. Mellanox Tech had 40 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Sell” rating in Friday, June 2 report. On Thursday, October 26 the stock rating was downgraded by J.P. Morgan to “Hold”. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Hold” rating by Topeka Capital Markets on Thursday, January 28. The firm has “Outperform” rating given on Thursday, March 24 by Macquarie Research. The firm earned “Buy” rating on Monday, September 25 by Stifel Nicolaus. Topeka Capital Markets maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Thursday, October 22. Topeka Capital Markets has “Hold” rating and $48 target. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Underperform” rating given on Monday, November 21 by Jefferies. The rating was initiated by DA Davidson on Thursday, September 24 with “Buy”. The company was maintained on Monday, October 16 by KeyBanc Capital Markets. The stock has “Underweight” rating by Barclays Capital on Thursday, October 26.

BSM Technologies Inc., through its subsidiaries, provides real-time GPS fleet and asset management solutions in Canada, the United States, and internationally. The company has market cap of $81.59 million. The firm offers Sentinel fleet management solutions, including fleet and asset tracking, actionable report, machine to machine, interactive mapping, routing, landmark and geozone, fuel and maintenance, workflow management, real-time alert, safety and compliance, and reefer monitoring services; and electronic logging device solutions that include electronic on-board recorder, in-cab mobile data terminal, graphical logs, Web reports, customization, and driver identification. It has a 16.01 P/E ratio. It also provides Webtech Fleet Center that enables fleet managers to track and communicate with their fleets and receive localized services, such as navigation; and AutoVision fleet management solutions comprising real-time location tracking, engine diagnostics, driver identification, driver behavior analysis, idling time reduction, and equipment utilization optimization.

Analysts await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings on February, 7. They expect $0.35 EPS, down 28.57% or $0.14 from last year’s $0.49 per share. MLNX’s profit will be $17.83 million for 42.39 P/E if the $0.35 EPS becomes a reality. After $0.35 actual EPS reported by Mellanox Technologies, Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, makes, and sells interconnect products and solutions. The company has market cap of $3.02 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.

Investors sentiment decreased to 0.93 in Q2 2017. Its down 0.16, from 1.09 in 2017Q1. It is negative, as 20 investors sold Mellanox Technologies, Ltd. shares while 53 reduced holdings. 31 funds opened positions while 37 raised stakes. 29.75 million shares or 9.85% less from 32.99 million shares in 2017Q1 were reported. Nuveen Asset Mgmt Lc holds 27,575 shares or 0.01% of its portfolio. 2.70M are held by Massachusetts Services Ma. 189,900 were reported by Herald Investment Mgmt Limited. Loomis Sayles & Lp owns 340,762 shares or 0.03% of their US portfolio. Clearline Capital L P invested 1.55% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Quantbot Technology Lp owns 229 shares for 0% of their portfolio. Utd Automobile Association has 69,650 shares for 0.01% of their portfolio. Rothschild Corporation Il accumulated 0.17% or 33,795 shares. Northern Tru Corp invested in 44,450 shares or 0% of the stock. Snow Capital Mgmt Limited Partnership accumulated 823,103 shares or 1.77% of the stock. 350 are owned by Reilly Advisors Limited Liability. Citadel Advsr Limited Liability invested in 0% or 99,068 shares. Eagle Ltd Liability Corp accumulated 0.01% or 7,500 shares. Credit Agricole S A holds 0% or 29,300 shares. Geode Capital Ltd has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX).

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