Assenagon Asset Management S.A. Invests $23.42 Million in Mobileye Global Inc. $MBLY

Assenagon Asset Management S.A. acquired a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,419,739 shares of the company's stock, valued at approximately $23,423,000. Assenagon Asset Management S.A. owned 0.29% of Mobileye Global at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in Mobileye Global by 10.7% in the 1st quarter. NewEdge Advisors LLC now owns 31,228 shares of the company's stock valued at $450,000 after acquiring an additional 3,019 shares during the period. Rhumbline Advisers bought a new position in Mobileye Global during the 1st quarter worth $27,000. Creative Planning lifted its holdings in Mobileye Global by 10.2% during the 2nd quarter. Creative Planning now owns 18,316 shares of the company's stock worth $329,000 after buying an additional 1,693 shares during the period. Cetera Investment Advisers acquired a new position in Mobileye Global during the 2nd quarter worth about $351,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Mobileye Global in the 2nd quarter valued at about $31,000. Institutional investors own 13.25% of the company's stock.

Insiders Place Their Bets

In related news, Director Frank D. Yeary acquired 12,360 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were purchased at an average price of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the acquisition, the director owned 12,360 shares of the company's stock, valued at approximately $98,632.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MBLY shares. BNP Paribas Exane lowered their price objective on Mobileye Global from $11.50 to $8.50 and set a "neutral" rating for the company in a research report on Wednesday, April 22nd. The Goldman Sachs Group raised their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Zacks Research upgraded shares of Mobileye Global from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. JPMorgan Chase & Co. decreased their price objective on shares of Mobileye Global from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Finally, TD Cowen decreased their price objective on shares of Mobileye Global from $11.50 to $9.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $12.64.

Mobileye Global Stock Performance

Shares of MBLY opened at $8.73 on Monday. The firm has a market cap of $7.33 billion, a PE ratio of -1.75, a price-to-earnings-growth ratio of 2.98 and a beta of 1.20. Mobileye Global Inc. has a 52-week low of $6.47 and a 52-week high of $15.81. The business's 50 day moving average price is $9.01 and its two-hundred day moving average price is $8.78.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.06 by $0.13. The company had revenue of $508.00 million during the quarter, compared to the consensus estimate of $480.51 million. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. Research analysts predict that Mobileye Global Inc. will post 0.11 EPS for the current fiscal year.

Mobileye Global announced that its Board of Directors has approved a share repurchase plan on Thursday, April 23rd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Mobileye Global Profile

Mobileye Global Inc NASDAQ: MBLY is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye's core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.

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