Perbak Capital Partners LLP Invests $344,000 in Mobileye Global Inc. $MBLY

Key Points

• Perbak Capital Partners LLP has acquired a new stake in Mobileye Global Inc., purchasing 23,927 shares valued at approximately $344,000 in the first quarter of the year.
• Major shareholder Intel Corp sold a significant portion of its stake, offloading over 63 million shares for approximately $1.02 billion, which decreased its ownership by 56.04%.
• Analyst ratings for Mobileye have been mixed, with Goldman Sachs lowering their rating to neutral while other firms, such as Canaccord Genuity, have set a buy rating with target prices ranging from $18.00 to $30.00.

Perbak Capital Partners LLP bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 23,927 shares of the company's stock, valued at approximately $344,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $27,155,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Mobileye Global by 61.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,802 shares of the company's stock worth $714,000 after acquiring an additional 13,600 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $40,000. Bayesian Capital Management LP purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $740,000. Finally, Bamco Inc. NY boosted its stake in shares of Mobileye Global by 1,427.2% during the 4th quarter. Bamco Inc. NY now owns 383,452 shares of the company's stock worth $7,638,000 after acquiring an additional 358,344 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MBLY shares. Mizuho decreased their price target on Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Wall Street Zen lowered Mobileye Global from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. JPMorgan Chase & Co. boosted their price target on Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. 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 research note on Friday, July 25th. Finally, Robert W. Baird reduced their target price on Mobileye Global from $22.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.50.

Mobileye Global Trading Down 1.0%

Shares of Mobileye Global stock traded down $0.15 during trading hours on Friday, reaching $14.70. 3,994,131 shares of the company's stock were exchanged, compared to its average volume of 3,710,945. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $22.51. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of -4.03, a price-to-earnings-growth ratio of 9.63 and a beta of 0.52. The company has a fifty day moving average of $15.23 and a 200-day moving average of $15.20.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly 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. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $466.42 million. During the same quarter in the prior year, the company posted $0.09 EPS. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, major shareholder Corp Intel sold 63,731,985 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the transaction, the insider owned 50,000,000 shares of the company's stock, valued at $802,500,000. This represents a 56.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

Mobileye Global 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.