Charles Schwab Investment Management Inc. Sells 962,637 Shares of Mobileye Global Inc. $MBLY

Charles Schwab Investment Management Inc. cut its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 62.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 571,937 shares of the company’s stock after selling 962,637 shares during the period. Charles Schwab Investment Management Inc. owned 0.07% of Mobileye Global worth $8,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MBLY. Rhumbline Advisers bought a new stake in shares of Mobileye Global during the first quarter worth approximately $27,000. Ancora Advisors LLC bought a new stake in shares of Mobileye Global during the fourth quarter worth approximately $40,000. PNC Financial Services Group Inc. raised its stake in shares of Mobileye Global by 1,799.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company’s stock worth $84,000 after buying an additional 5,543 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Mobileye Global by 108.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company’s stock worth $87,000 after buying an additional 3,149 shares during the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Mobileye Global during the first quarter worth approximately $158,000. 13.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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 note on Monday, July 14th. Wall Street Zen downgraded shares of Mobileye Global from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. The Goldman Sachs Group downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Monday, June 9th. Mizuho decreased their price objective on shares of Mobileye Global from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mobileye Global from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and a consensus target price of $19.67.

Insider Buying and Selling at Mobileye Global

In other news, major shareholder Corp Intel sold 63,731,985 shares of the company’s 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 transaction, the insider 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 Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $13.81 on Tuesday. The stock has a market cap of $11.26 billion, a P/E ratio of -3.78, a P/E/G ratio of 9.27 and a beta of 0.52. The firm has a 50 day moving average price of $15.68 and a 200 day moving average price of $15.43. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $22.51.

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

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.