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

August 12, 2018 - By Darrel Chase

Mellanox Technologies, Ltd. (NASDAQ:MLNX) LogoInvestors sentiment increased to 2.09 in Q1 2018. Its up 1.01, from 1.08 in 2017Q4. It improved, 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. Parametric Portfolio Associates Ltd Liability Company holds 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 26,944 shares. Envestnet Asset Mngmt owns 773 shares for 0% of their portfolio. Mariner Wealth Advisors accumulated 278,942 shares. Strategic Glob Lc, a California-based fund reported 7,920 shares. Credit Suisse Ag has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Hbk Investments Limited Partnership holds 0.03% in Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 37,378 shares. Cibc Markets Inc accumulated 0% or 3,381 shares. 10,142 were accumulated by Teacher Retirement Of Texas. Neuberger Berman Ltd Liability reported 854,120 shares or 0.07% of all its holdings. Natl Bank Of Montreal Can reported 0% stake. Seabridge Investment Advisors Ltd Liability Corporation has invested 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Nwq Inv Ltd Limited Liability Company invested 1.7% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Ubs Asset Americas reported 23,819 shares or 0% of all its holdings. Koch Inc invested 0.06% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Price T Rowe Md invested in 0% or 399,758 shares.

Since March 7, 2018, it had 0 buys, and 10 sales for $63.48 million activity. $143,550 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) was sold by Sultzbaugh Marc on Thursday, May 3. Dorchak Glenda also sold $830,849 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Monday, July 23. Shares for $355,000 were sold by Kagan Michael. Shulman Yakov (Jacob) also sold $324,767 worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Tuesday, May 1. Shares for $29.31 million were sold by Starboard Value LP. Another trade for 4,617 shares valued at $387,366 was sold by WEATHERFORD CLIFTON THOMAS.

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 $27.34M, 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 $4.28 billion 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 $846.93B US Long portfolio, upped its stake in Cardiovascular Sys Inc Del (NASDAQ:CSII) by 336,300 shares to 516,100 shares, valued at $16.69M in 2018Q2, according to the filing. It also increased its holding in Ishares Tr (IVV) by 1.45M shares in the quarter, for a total of 8.85 million shares, and has risen its stake in Orion Engineered Carbons S A (NYSE:OEC).

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. Susquehanna maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Tuesday, April 17. Susquehanna has “Positive” rating and $90 target. The firm has “Overweight” rating by Barclays Capital given on Thursday, April 12. Stifel Nicolaus maintained the shares of MLNX in report on Tuesday, April 17 with “Buy” rating. Susquehanna maintained the shares of MLNX in report on Thursday, May 17 with “Buy” rating. Stifel Nicolaus maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Thursday, February 22 with “Buy” rating. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Overweight” rating given on Wednesday, July 18 by Barclays Capital. As per Tuesday, April 17, the company rating was maintained by Piper Jaffray. Credit Suisse maintained it with “Neutral” rating and $75 target in Wednesday, April 18 report. The company was upgraded on Friday, May 18 by PiperJaffray. The company was maintained on Wednesday, February 21 by Summit Redstone Partners.

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: Seekingalpha.com which released: “Mellanox Continues To Crush Estimates” on July 18, 2018, also Fool.com published article titled: “Mellanox Technologies (MLNX) Q2 2018 Earnings Conference Call Transcript”, Businesswire.com published: “Mellanox Introduces World’s Fastest Ethernet Storage Fabric Controller” on August 06, 2018. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) was released by: Benzinga.com and their article: “Mellanox Technologies Earnings Preview” with publication date: July 17, 2018.

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

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