Gideon Capital Advisors Inc. Sells 4,407 Shares of Mellanox Technologies, Ltd. (MLNX)
Gideon Capital Advisors Inc. lowered its stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 61.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,728 shares of the semiconductor producer’s stock after selling 4,407 shares during the period. Gideon Capital Advisors Inc.’s holdings in Mellanox Technologies were worth $252,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. bought a new position in Mellanox Technologies in the third quarter valued at about $13,630,000. Victory Capital Management Inc. grew its position in Mellanox Technologies by 85.2% in the third quarter. Victory Capital Management Inc. now owns 55,542 shares of the semiconductor producer’s stock valued at $4,079,000 after acquiring an additional 25,552 shares during the last quarter. WINTON GROUP Ltd bought a new position in Mellanox Technologies in the third quarter valued at about $300,000. JPMorgan Chase & Co. grew its position in Mellanox Technologies by 37.1% in the third quarter. JPMorgan Chase & Co. now owns 63,762 shares of the semiconductor producer’s stock valued at $4,683,000 after acquiring an additional 17,244 shares during the last quarter. Finally, MML Investors Services LLC grew its position in Mellanox Technologies by 57.8% in the third quarter. MML Investors Services LLC now owns 4,739 shares of the semiconductor producer’s stock valued at $348,000 after acquiring an additional 1,736 shares during the last quarter. Institutional investors and hedge funds own 78.36% of the company’s stock.
In related news, Director Amal M. Johnson sold 5,714 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Glenda Dorchak sold 4,576 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $85.00, for a total value of $388,960.00. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.
NASDAQ:MLNX opened at $117.97 on Friday. The stock has a market cap of $6.40 billion, a PE ratio of 30.64, a PEG ratio of 1.32 and a beta of 0.29. Mellanox Technologies, Ltd. has a 1-year low of $65.68 and a 1-year high of $119.10.
Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings results on Wednesday, January 30th. The semiconductor producer reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.12. The company had revenue of $290.07 million for the quarter, compared to analysts’ expectations of $284.96 million. Mellanox Technologies had a return on equity of 16.53% and a net margin of 12.33%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. On average, research analysts anticipate that Mellanox Technologies, Ltd. will post 4.82 EPS 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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