Nishkama Capital LLC Takes Position in Mobileye Global Inc. $MBLY

Key Points

• Nishkama Capital LLC has acquired a new position in Mobileye Global Inc., purchasing 453,307 shares valued at approximately $6.5 million, making it the firm's 19th largest holding.
• Institutional investors collectively own 13.25% of Mobileye Global, with several firms, including AlphaQuest LLC and Raymond James Financial Inc., significantly increasing their stakes during the first quarter.
• Mobileye Global recently reported a 15.3% year-over-year revenue increase, with earnings per share of $0.13, exceeding the estimated $0.11.

Nishkama Capital LLC bought a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 453,307 shares of the company's stock, valued at approximately $6,525,000. Mobileye Global accounts for about 0.7% of Nishkama Capital LLC's portfolio, making the stock its 19th biggest holding. Nishkama Capital LLC owned about 0.06% of Mobileye Global as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers bought a new stake in Mobileye Global during the 1st quarter valued at $27,000. Ancora Advisors LLC bought a new stake in Mobileye Global during the 4th quarter valued at $40,000. PNC Financial Services Group Inc. raised its holdings in Mobileye Global by 1,799.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock valued at $84,000 after acquiring an additional 5,543 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Mobileye Global by 108.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company's stock valued at $87,000 after acquiring an additional 3,149 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in Mobileye Global during the 1st quarter valued at $158,000. Institutional investors own 13.25% of the company's stock.

Insider Buying and Selling

In other 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 transaction of $1,022,898,359.25. Following the completion of the transaction, the insider directly owned 50,000,000 shares in the company, valued at approximately $802,500,000. This trade represents a 56.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is owned by company insiders.

Mobileye Global Trading Down 0.3%

Shares of NASDAQ:MBLY traded down $0.04 on Friday, reaching $14.01. 3,126,292 shares of the company traded hands, compared to its average volume of 4,033,771. The business's 50-day simple moving average is $15.59 and its 200 day simple moving average is $15.36. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $22.51. The stock has a market capitalization of $11.42 billion, a P/E ratio of -3.84, a price-to-earnings-growth ratio of 9.20 and a beta of 0.52.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MBLY. Royal Bank Of Canada boosted their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a report on Tuesday, July 29th. Wells Fargo & Company increased their price objective on Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price objective on shares of Mobileye Global in a research report on Friday, July 25th. Finally, Canaccord Genuity Group increased their price objective on Mobileye Global from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.67.

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.