Mellanox Technologies, Ltd. (MLNX) Position Decreased by GSA Capital Partners LLP

GSA Capital Partners LLP cut its holdings in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 92.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,261 shares of the semiconductor producer’s stock after selling 38,571 shares during the quarter. GSA Capital Partners LLP’s holdings in Mellanox Technologies were worth $301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Senvest Management LLC boosted its position in Mellanox Technologies by 16.3% during the 3rd quarter. Senvest Management LLC now owns 1,986,776 shares of the semiconductor producer’s stock worth $145,929,000 after acquiring an additional 279,057 shares during the period. Vanguard Group Inc. boosted its position in Mellanox Technologies by 38.6% during the 3rd quarter. Vanguard Group Inc. now owns 520,710 shares of the semiconductor producer’s stock worth $38,247,000 after acquiring an additional 145,078 shares during the period. Icon Advisers Inc. Co. boosted its position in Mellanox Technologies by 18.1% during the 4th quarter. Icon Advisers Inc. Co. now owns 11,100 shares of the semiconductor producer’s stock worth $1,025,000 after acquiring an additional 1,700 shares during the period. Gideon Capital Advisors Inc. acquired a new stake in Mellanox Technologies during the 3rd quarter worth about $524,000. Finally, Navellier & Associates Inc boosted its position in Mellanox Technologies by 24.7% during the 4th quarter. Navellier & Associates Inc now owns 29,396 shares of the semiconductor producer’s stock worth $2,716,000 after acquiring an additional 5,814 shares during the period. Hedge funds and other institutional investors own 76.94% of the company’s stock.

In other Mellanox Technologies news, Director Glenda Dorchak sold 4,576 shares of Mellanox Technologies stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $85.00, for a total value of $388,960.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Amal M. Johnson sold 5,714 shares of Mellanox Technologies stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $95.49, for a total value of $545,629.86. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.



A number of brokerages have commented on MLNX. BidaskClub lowered Mellanox Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. DA Davidson raised their price objective on Mellanox Technologies to $124.00 and gave the stock a “buy” rating in a research report on Monday, January 28th. Stifel Nicolaus lowered Mellanox Technologies from a “buy” rating to a “hold” rating and set a $117.95 price objective for the company. in a research report on Thursday, March 14th. Jefferies Financial Group raised their price objective on Mellanox Technologies from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd. Finally, Susquehanna Bancshares lowered Mellanox Technologies from a “positive” rating to a “neutral” rating in a research report on Monday, March 11th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $110.00.

Shares of Mellanox Technologies stock opened at $117.78 on Wednesday. The stock has a market cap of $6.39 billion, a PE ratio of 30.59, a PEG ratio of 1.31 and a beta of 0.29. Mellanox Technologies, Ltd. has a 52-week low of $65.68 and a 52-week high of $119.10.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings results on Wednesday, January 30th. The semiconductor producer reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.12. Mellanox Technologies had a return on equity of 16.53% and a net margin of 12.33%. The business had revenue of $290.07 million during the quarter, compared to analyst estimates of $284.96 million. During the same period in the previous year, the company earned $0.82 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. Sell-side analysts anticipate that Mellanox Technologies, Ltd. will post 4.82 earnings per share for the current year.

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Mellanox Technologies Company Profile

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, and sells interconnect products and solutions worldwide. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; Ethernet solutions, such as Ethernet switch products and Ethernet adapters for use in enterprise data center, high-performance computing, embedded environments, hyperscale, Web 2.0, and cloud data centers.

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Institutional Ownership by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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