Mellanox rises to 6th largest TASE company

The huge jump in the share price today gives the company the sixth largest market cap on the Tel Aviv Stock Exchange.

The 52.3% jump in the share price of Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) by mid-afternoon today to NIS 386, giving a market cap NIS 15.3 billion, has turned it into the sixth biggest company on the Tel Aviv Stock Exchange (TASE) in terms of market cap, behind only Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA), Israel Chemicals Ltd. (TASE: ICL), Israel Corporation (TASE: ILCO), Perrigo Company (Nasdaq:PRGO; TASE:PRGO) and Bank Hapoalim (TASE: POLI).

Mellanox has shot ahead of all the other banks, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ), Delek Group Ltd. (TASE: DLEKG), and Azrieli Group Ltd. (TASE: AZRG).

Mellanox's float is 71.3%. Mellanox chairman, president and CEO Eyal Waldman owns 4.04% of the company; his stake is now worth NIS 600 million. Oracle Corporation (Nasdaq: ORCL) owns 9.52% of the company, a stake now worth NIS 1.42 billion, and Fidelity Management & Research Company owns 14.85%, a stake now worth NIS 2.22 billion. No Israeli institutional investor owns more than 5% of the company.

Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) chairman Dov Baharav owns 0.01% of Mellanox, worth NIS 150 million.

Published by Globes [online], Israel business news - - on July 19, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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