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.

MLNX has been the topic of a number of recent analyst reports. DA Davidson lifted their target price on Mellanox Technologies to $124.00 and gave the company a “buy” rating in a research report on Monday, January 28th. BidaskClub upgraded Mellanox Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Jefferies Financial Group boosted their price target on Mellanox Technologies from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. Barclays cut Mellanox Technologies from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $108.00 to $125.00 in a report on Tuesday. Finally, Zacks Investment Research cut Mellanox Technologies from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $110.00.

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.

ILLEGAL ACTIVITY WARNING: This article was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2019/03/16/gideon-capital-advisors-inc-sells-4407-shares-of-mellanox-technologies-ltd-mlnx.html.

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.

See Also: How to trade on quiet period expirations

Want to see what other hedge funds are holding MLNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mellanox Technologies, Ltd. (NASDAQ:MLNX).

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

Receive News & Ratings for Mellanox Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mellanox Technologies and related companies with MarketBeat.com's FREE daily email newsletter.