Skylands Capital LLC Acquires Shares of 29,150 Mobileye Global Inc. (NASDAQ:MBLY)

Skylands Capital LLC acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 29,150 shares of the company's stock, valued at approximately $420,000.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after buying an additional 737 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after acquiring an additional 932 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the 1st quarter worth about $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mobileye Global during the fourth quarter worth approximately $40,000. Finally, Ancora Advisors LLC acquired a new position in Mobileye Global in the fourth quarter valued at approximately $40,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MBLY. JPMorgan Chase & Co. cut their price objective on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Mizuho cut their price target on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Wall Street Zen raised shares of Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Needham & Company LLC dropped their price objective on Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, BNP Paribas upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price on the stock in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $18.63.

Insider Buying and Selling

In related news, EVP Boaz Ouriel sold 67,493 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now owns 107,853 shares of the company's stock, valued at $1,735,354.77. This represents a 38.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

Mobileye Global Price Performance

Shares of NASDAQ MBLY opened at $18.34 on Monday. The stock has a fifty day moving average price of $15.72 and a 200 day moving average price of $16.05. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $28.73. The company has a market cap of $14.89 billion, a PE ratio of -4.98, a P/E/G ratio of 165.57 and a beta of 0.48.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The company had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative net margin of 160.50% and a positive return on equity of 0.54%. Mobileye Global's quarterly revenue was up 83.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) EPS. Analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.

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