Mellanox Technologies, Ltd. (MLNX) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas cut its stake in shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 24.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,000 shares of the semiconductor producer’s stock after selling 22,000 shares during the period. Employees Retirement System of Texas owned about 0.14% of Mellanox Technologies worth $2,944,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MLNX. FMR LLC increased its holdings in shares of Mellanox Technologies by 24.7% during the first quarter. FMR LLC now owns 3,298,585 shares of the semiconductor producer’s stock worth $168,064,000 after buying an additional 654,046 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Mellanox Technologies during the first quarter worth $22,861,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Mellanox Technologies by 43.8% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,029,646 shares of the semiconductor producer’s stock worth $44,584,000 after buying an additional 313,573 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Mellanox Technologies by 72.9% during the first quarter. Bank of America Corp DE now owns 567,479 shares of the semiconductor producer’s stock worth $28,913,000 after buying an additional 239,237 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Mellanox Technologies by 1,914.3% during the first quarter. Parametric Portfolio Associates LLC now owns 137,515 shares of the semiconductor producer’s stock worth $7,006,000 after buying an additional 130,688 shares in the last quarter. Institutional investors own 61.58% of the company’s stock.

Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) opened at 45.70 on Tuesday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 6528.57 and a beta of 0.69. The company has a 50-day moving average price of $46.41 and a 200-day moving average price of $46.66. Mellanox Technologies, Ltd. has a 12-month low of $38.75 and a 12-month high of $52.80.

Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor producer reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $212.00 million during the quarter, compared to the consensus estimate of $209.62 million. Mellanox Technologies had a return on equity of 5.93% and a net margin of 0.09%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. Equities analysts predict that Mellanox Technologies, Ltd. will post $2.14 EPS for the current year.

Several research analysts have recently issued reports on the stock. Barclays PLC downgraded shares of Mellanox Technologies from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $48.00 in a report on Monday. Zacks Investment Research downgraded Mellanox Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Jefferies Group LLC restated a “sell” rating and issued a $38.00 price objective on shares of Mellanox Technologies in a report on Sunday, September 10th. KeyCorp restated a “hold” rating on shares of Mellanox Technologies in a report on Friday, September 1st. Finally, Benchmark Co. initiated coverage on Mellanox Technologies in a report on Tuesday, August 29th. They issued a “buy” rating and a $60.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $50.88.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://ledgergazette.com/2017/10/10/mellanox-technologies-ltd-mlnx-shares-sold-by-employees-retirement-system-of-texas.html.

In other Mellanox Technologies news, Director Shai Cohen sold 12,546 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $47.00, for a total value of $589,662.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yakov (Jacob) Shulman sold 2,407 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.00, for a total transaction of $113,129.00. The disclosure for this sale can be found here

Several other large investors also recently made changes to their positions in MLNX. FMR LLC increased its holdings in shares of Mellanox Technologies by 24.7% during the first quarter. FMR LLC now owns 3,298,585 shares of the semiconductor producer’s stock worth $168,064,000 after buying an additional 654,046 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Mellanox Technologies during the first quarter worth $22,861,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Mellanox Technologies by 43.8% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,029,646 shares of the semiconductor producer’s stock worth $44,584,000 after buying an additional 313,573 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Mellanox Technologies by 72.9% during the first quarter. Bank of America Corp DE now owns 567,479 shares of the semiconductor producer’s stock worth $28,913,000 after buying an additional 239,237 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Mellanox Technologies by 1,914.3% during the first quarter. Parametric Portfolio Associates LLC now owns 137,515 shares of the semiconductor producer’s stock worth $7,006,000 after buying an additional 130,688 shares in the last quarter. Institutional investors own 61.58% of the company’s stock.

Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) opened at 45.70 on Tuesday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 6528.57 and a beta of 0.69. The company has a 50-day moving average price of $46.41 and a 200-day moving average price of $46.66. Mellanox Technologies, Ltd. has a 12-month low of $38.75 and a 12-month high of $52.80.

Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor producer reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $212.00 million during the quarter, compared to the consensus estimate of $209.62 million. Mellanox Technologies had a return on equity of 5.93% and a net margin of 0.09%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. Equities analysts predict that Mellanox Technologies, Ltd. will post $2.14 EPS for the current year.

Several research analysts have recently issued reports on the stock. Barclays PLC downgraded shares of Mellanox Technologies from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $48.00 in a report on Monday. Zacks Investment Research downgraded Mellanox Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Jefferies Group LLC restated a “sell” rating and issued a $38.00 price objective on shares of Mellanox Technologies in a report on Sunday, September 10th. KeyCorp restated a “hold” rating on shares of Mellanox Technologies in a report on Friday, September 1st. Finally, Benchmark Co. initiated coverage on Mellanox Technologies in a report on Tuesday, August 29th. They issued a “buy” rating and a $60.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $50.88.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://ledgergazette.com/2017/10/10/mellanox-technologies-ltd-mlnx-shares-sold-by-employees-retirement-system-of-texas.html.

In other Mellanox Technologies news, Director Shai Cohen sold 12,546 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $47.00, for a total value of $589,662.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yakov (Jacob) Shulman sold 2,407 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.00, for a total transaction of $113,129.00. The disclosure for this sale can be found here. Insiders sold 72,453 shares of company stock valued at $3,402,241 over the last three months. 6.05% of the stock is currently owned by insiders.

Mellanox Technologies Company Profile

Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems.

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

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