Fmr Llc Decreased Mellanox Technologies Ltd (NASDAQ:MLNX) Stake By $19.52 Million

August 12, 2018 - By Tamara Reed

Mellanox Technologies, Ltd. (NASDAQ:MLNX) LogoInvestors sentiment increased to 2.09 in Q1 2018. Its up 1.01, from 1.08 in 2017Q4. It is positive, as 8 investors sold MLNX shares while 39 reduced holdings. 51 funds opened positions while 47 raised stakes. 35.98 million shares or 13.98% more from 31.57 million shares in 2017Q4 were reported. Lpl Limited Com reported 6,017 shares. Massmutual Company Fsb Adv owns 104 shares or 0% of their US portfolio. Hotchkis Wiley Capital Ltd Liability has invested 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Envestnet Asset Mgmt stated it has 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Teacher Retirement Systems Of Texas, a Texas-based fund reported 10,142 shares. Tower Rech Cap Ltd Liability Corp (Trc) accumulated 0% or 476 shares. Natixis Advsr Lp owns 39,337 shares or 0.03% of their US portfolio. Strategic Glob Advsr Ltd Liability Corp holds 0.2% or 7,920 shares. California Employees Retirement stated it has 98,853 shares. Commercial Bank Hapoalim Bm holds 11,402 shares or 0.22% of its portfolio. Ubs Asset Management Americas, Illinois-based fund reported 23,819 shares. Tokio Marine Asset Mngmt has invested 0.25% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). 723 are owned by Pnc Fincl Service Group. Moreover, D E Shaw And has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 7,653 shares. Spark Inv Mngmt Limited Com stated it has 0.15% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX).

Since March 7, 2018, it had 0 insider buys, and 10 sales for $63.48 million activity. The insider STARBOARD LEADERS FUND LP sold 344,677 shares worth $29.31M. Kagan Michael also sold $241,500 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Monday, July 30. Sultzbaugh Marc had sold 20,000 shares worth $1.72 million on Thursday, May 31. WEATHERFORD CLIFTON THOMAS had sold 4,617 shares worth $387,366. Shares for $830,849 were sold by Dorchak Glenda on Monday, July 23. Another trade for 344,677 shares valued at $29.31 million was sold by Starboard Value LP.

Fmr Llc decreased its stake in Mellanox Technologies Ltd (NASDAQ:MLNX) by 41.74% based on its latest 2018Q2 regulatory filing with the SEC. Fmr Llc sold 232,379 shares as the company’s stock rose 24.89% while stock markets declined. The institutional investor held 324,349 shares of the technology company at the end of 2018Q2, valued at $27.34 million, down from 556,728 at the end of the previous reported quarter. Fmr Llc who had been investing in Mellanox Technologies Ltd for a number of months, seems to be less bullish one the $4.28B market cap company. The stock decreased 1.46% or $1.2 during the last trading session, reaching $80.8. About 195,768 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 80.17% since August 13, 2017 and is uptrending. It has outperformed by 67.60% the S&P500.

Fmr Llc, which manages about $846.93 billion US Long portfolio, upped its stake in Pjt Partners Inc () by 816,714 shares to 1.85 million shares, valued at $98.86M in 2018Q2, according to the filing. It also increased its holding in Borgwarner Inc (NYSE:BWA) by 458,280 shares in the quarter, for a total of 1.16 million shares, and has risen its stake in Ppg Inds Inc (NYSE:PPG).

Fmr Llc is a Massachusetts-based institutional investor with more than $867.00 billion AUM in December, 2014. Fmr Llc is the 2th largest institutional investor in our database. Taken from Fmr latest Adv, the fund reported to have 356 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had more than 300 clients.

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

Among 8 analysts covering Mellanox Technologies (NASDAQ:MLNX), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Mellanox Technologies had 11 analyst reports since February 22, 2018 according to SRatingsIntel. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Hold” rating given on Tuesday, April 17 by Piper Jaffray. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, April 18 report. On Thursday, February 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Tuesday, April 17 by Stifel Nicolaus. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Overweight” rating given on Thursday, April 12 by Barclays Capital. Rosenblatt maintained the shares of MLNX in report on Tuesday, April 17 with “Hold” rating. As per Thursday, May 17, the company rating was maintained by Susquehanna. The company was maintained on Wednesday, February 21 by Summit Redstone Partners. Barclays Capital maintained the shares of MLNX in report on Wednesday, July 18 with “Overweight” rating. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Positive” rating by Susquehanna on Tuesday, April 17.

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, makes, and sells interconnect products and solutions. The company has market cap of $4.28 billion. The Company’s products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. It has a 77.32 P/E ratio. 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.

More important recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Businesswire.com which released: “Mellanox Introduces World’s Fastest Ethernet Storage Fabric Controller” on August 06, 2018, also Benzinga.com published article titled: “Mellanox Technologies Earnings Preview”, Fool.com published: “Mellanox Technologies (MLNX) Q2 2018 Earnings Conference Call Transcript” on July 20, 2018. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) was released by: Seekingalpha.com and their article: “Mellanox Continues To Crush Estimates” with publication date: July 18, 2018.

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

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