Birch Hill Investment Advisors LLC Sells 270,575 Shares of Mobileye Global Inc. $MBLY

Key Points

• Birch Hill Investment Advisors LLC sold 270,575 shares of Mobileye Global Inc., reducing its stake by 77% to hold 81,045 shares worth approximately $1.46 million.
• Mobileye Global reported a quarterly earnings per share of $0.13, surpassing consensus estimates and posting a year-over-year revenue increase of 15.3% to $506 million.
• Recent price targets for Mobileye Global from analysts vary, with some lowering projections to as low as $16.00 while others have set targets as high as $24.00, reflecting mixed sentiment among investors.

Birch Hill Investment Advisors LLC trimmed its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 77.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,045 shares of the company's stock after selling 270,575 shares during the period. Birch Hill Investment Advisors LLC's holdings in Mobileye Global were worth $1,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its stake in Mobileye Global by 7.6% during the first quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company's stock valued at $34,111,000 after acquiring an additional 167,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Mobileye Global by 32.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,002,257 shares of the company's stock valued at $28,822,000 after acquiring an additional 493,281 shares during the period. Primecap Management Co. CA increased its stake in Mobileye Global by 9.0% during the first quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company's stock valued at $28,303,000 after acquiring an additional 161,800 shares during the period. Vanguard Group Inc. boosted its holdings in Mobileye Global by 3.7% during the first quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company's stock valued at $25,611,000 after purchasing an additional 63,261 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Mobileye Global by 433.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company's stock valued at $12,837,000 after purchasing an additional 724,695 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Price Performance

MBLY stock opened at $15.02 on Wednesday. The company has a 50 day moving average price of $14.34 and a 200 day moving average price of $15.06. Mobileye Global Inc. has a fifty-two week low of $11.58 and a fifty-two week high of $22.51. The stock has a market capitalization of $12.24 billion, a PE ratio of -4.12, a price-to-earnings-growth ratio of 9.02 and a beta of 0.52.

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

Analysts Set New Price Targets

MBLY has been the topic of a number of recent research reports. Robert W. Baird decreased their price objective on Mobileye Global from $22.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, September 3rd. Wells Fargo & Company lifted their price objective on Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Royal Bank Of Canada lifted their price objective on Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a report on Tuesday, July 29th. Bank of America decreased their price objective on Mobileye Global from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, September 10th. Finally, TD Cowen reduced their target price on Mobileye Global from $22.00 to $20.00 and set a "buy" 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 given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.94.

Mobileye Global Company 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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