20,700 Shares in Mobileye Global Inc. $MBLY Purchased by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS acquired 20,700 shares of Mobileye Global Inc., valued at approximately $372,000, marking a new investment in the company.
• A number of analysts have upgraded their ratings on Mobileye Global, with Deutsche Bank raising it to a "buy" and a target price of $19.00, while Canaccord Genuity increased their target from $25.00 to $30.00.
• The stock is currently trading at around $14.03, having a market cap of $11.44 billion, with a 12-month price range of $11.58 to $22.51.

KLP Kapitalforvaltning AS purchased a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,700 shares of the company's stock, valued at approximately $372,000.

A number of other hedge funds have also bought and sold shares of MBLY. Rhumbline Advisers acquired a new position in Mobileye Global in the first quarter worth about $27,000. Janney Montgomery Scott LLC acquired a new position in Mobileye Global in the first quarter worth about $2,207,000. Econ Financial Services Corp acquired a new position in Mobileye Global in the first quarter worth about $1,054,000. Perigon Wealth Management LLC lifted its holdings in Mobileye Global by 4.6% in the first quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company's stock worth $301,000 after acquiring an additional 914 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Mobileye Global by 41.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,704 shares of the company's stock worth $570,000 after acquiring an additional 11,084 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on MBLY shares. Deutsche Bank Aktiengesellschaft raised shares of Mobileye Global from a "hold" rating to a "buy" rating and set a $19.00 target price on the stock in a report on Monday, October 6th. Canaccord Genuity Group raised their target price on shares of Mobileye Global from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, July 25th. UBS Group raised their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. TD Cowen cut their target price on shares of Mobileye Global from $22.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Finally, Mizuho cut their target price on shares of Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $18.94.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $14.03 on Monday. Mobileye Global Inc. has a 12 month low of $11.58 and a 12 month high of $22.51. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of -3.84, a PEG ratio of 8.61 and a beta of 0.52. The stock's 50 day moving average price is $14.30 and its 200 day moving average price is $15.05.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The firm had revenue of $506.00 million for the quarter, compared to analysts' expectations of $466.42 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm's quarterly revenue was up 15.3% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

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.

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