Cramer Rosenthal Mcglynn LLC Has $4.23 Million Stock Position in Mobileye Global Inc. $MBLY

Key Points

• Cramer Rosenthal Mcglynn LLC sold 170,320 shares of Mobileye Global Inc. (NASDAQ:MBLY), reducing its holdings by 36.7% to 294,010 shares valued at approximately $4.23 million.
• Insider Corp Intel significantly reduced its stake, selling 63,731,985 shares for over $1 billion, which represents a 56.04% decrease in their position.
• Wall Street analysts have mixed ratings on Mobileye Global, with recent changes including UBS raising the price target from $15 to $18, while several firms downgraded their ratings to "hold."

Cramer Rosenthal Mcglynn LLC lowered its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 36.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 294,010 shares of the company's stock after selling 170,320 shares during the period. Cramer Rosenthal Mcglynn LLC's holdings in Mobileye Global were worth $4,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Mobileye Global by 4.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock worth $283,101,000 after purchasing an additional 621,062 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Mobileye Global by 7.6% in the 1st quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company's stock worth $34,111,000 after buying an additional 167,333 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Mobileye Global by 32.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,002,257 shares of the company's stock worth $28,822,000 after buying an additional 493,281 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Mobileye Global by 9.0% in the 1st quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company's stock worth $28,303,000 after buying an additional 161,800 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Mobileye Global by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company's stock worth $25,611,000 after buying an additional 63,261 shares during the last quarter. Institutional investors own 13.25% of the company's stock.

Insider Transactions at Mobileye Global

In other Mobileye Global news, major shareholder Corp Intel sold 63,731,985 shares of Mobileye Global stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the completion of the sale, the insider directly owned 50,000,000 shares in the company, valued at $802,500,000. The trade was a 56.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by company insiders.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY traded down $0.04 during mid-day trading on Friday, hitting $14.01. The stock had a trading volume of 3,126,292 shares, compared to its average volume of 4,033,771. The company has a market cap of $11.42 billion, a PE ratio of -3.84, a P/E/G ratio of 9.20 and a beta of 0.52. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $22.51. The company's 50 day moving average is $15.59 and its 200-day moving average is $15.36.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $466.42 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm's revenue was up 15.3% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MBLY. Barclays lifted their price objective on shares of Mobileye Global from $14.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Robert W. Baird dropped their price target on shares of Mobileye Global from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. UBS Group boosted their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Needham & Company LLC restated a "buy" rating and set a $18.00 price target on shares of Mobileye Global in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mobileye Global has a consensus rating of "Hold" and a consensus price target of $19.67.

About Mobileye Global

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.