Nishkama Capital LLC Purchases New 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 purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 453,307 shares of the company's stock, valued at approximately $6,525,000. Mobileye Global comprises 0.7% of Nishkama Capital LLC's holdings, making the stock its 19th largest position. Nishkama Capital LLC owned approximately 0.06% of Mobileye Global as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AlphaQuest LLC grew its stake in Mobileye Global by 69.2% in the 1st quarter. AlphaQuest LLC now owns 26,102 shares of the company's stock valued at $376,000 after buying an additional 10,679 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Mobileye Global in the 1st quarter valued at about $405,000. Quantbot Technologies LP acquired a new position in Mobileye Global in the 1st quarter valued at about $4,376,000. Northwest & Ethical Investments L.P. grew its stake in Mobileye Global by 11.6% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 67,360 shares of the company's stock valued at $970,000 after buying an additional 6,975 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Mobileye Global by 16.2% during the 1st quarter. Raymond James Financial Inc. now owns 803,852 shares of the company's stock worth $11,571,000 after purchasing an additional 111,785 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Insider Buying and Selling at Mobileye Global

In other news, major shareholder Corp Intel sold 63,731,985 shares of the stock in a transaction 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 sale, the insider directly owned 50,000,000 shares in the company, valued at $802,500,000. This represents a 56.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $14.15 on Monday. The firm has a 50 day simple moving average of $15.71 and a 200 day simple moving average of $15.45. The company has a market cap of $11.53 billion, a price-to-earnings ratio of -3.88, a PEG ratio of 9.27 and a beta of 0.52. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $22.51.

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

Analyst Ratings Changes

A number of brokerages have issued reports on MBLY. Mizuho decreased their target price on shares of Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. increased 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. TD Cowen reduced their price target on shares of Mobileye Global from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Canaccord Genuity Group increased their price target on shares of Mobileye Global from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $18.00 price target on shares of Mobileye Global in a research report on Friday, July 25th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average 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.

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