Mobileye Global Inc. (NASDAQ:MBLY) Stake Lifted by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC grew its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 21.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,330 shares of the company's stock after buying an additional 81,126 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.06% of Mobileye Global worth $9,249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MBLY. Parkside Financial Bank & Trust lifted its stake in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after buying an additional 737 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after acquiring an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Mobileye Global during the 4th quarter worth about $30,000. Global Retirement Partners LLC raised its stake in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after purchasing an additional 932 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mobileye Global during the 4th quarter worth about $40,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

Shares of MBLY stock traded up $0.98 during trading hours on Wednesday, hitting $13.03. 2,340,944 shares of the company were exchanged, compared to its average volume of 5,418,724. The business's 50-day simple moving average is $14.82 and its two-hundred day simple moving average is $15.84. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $33.26. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of -3.41, a P/E/G ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. As a group, analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on MBLY. JPMorgan Chase & Co. reduced their price objective on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Piper Sandler raised their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. BNP Paribas upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price for the company in a research note on Wednesday. Mizuho decreased their price target on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Needham & Company LLC restated a "buy" rating and issued a $20.00 target price on shares of Mobileye Global in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $20.50.

Mobileye Global Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.