D.A. Davidson & CO. Decreases Position in Mobileye Global Inc. $MBLY

D.A. Davidson & CO. lessened its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,320 shares of the company’s stock after selling 2,400 shares during the period. D.A. Davidson & CO.’s holdings in Mobileye Global were worth $347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its holdings in shares of Mobileye Global by 27.5% during the 1st quarter. LPL Financial LLC now owns 188,698 shares of the company’s stock valued at $2,716,000 after purchasing an additional 40,724 shares during the last quarter. Raymond James Financial Inc. raised its stake in Mobileye Global by 16.2% in the 1st quarter. Raymond James Financial Inc. now owns 803,852 shares of the company’s stock worth $11,571,000 after acquiring an additional 111,785 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Mobileye Global in the 1st quarter worth $405,000. Vanguard Group Inc. raised its stake in Mobileye Global by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company’s stock worth $25,611,000 after acquiring an additional 63,261 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in Mobileye Global by 9.0% in the 1st quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company’s stock worth $28,303,000 after acquiring an additional 161,800 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

MBLY opened at $12.85 on Friday. The company’s 50 day simple moving average is $14.27 and its two-hundred day simple moving average is $15.05. Mobileye Global Inc. has a 1-year low of $11.58 and a 1-year high of $22.51. The firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of -30.60, a price-to-earnings-growth ratio of 8.19 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $504.00 million for the quarter, compared to analyst estimates of $479.93 million. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Mobileye Global has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Tigress Financial raised their target price on Mobileye Global from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen downgraded Mobileye Global from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Zacks Research upgraded Mobileye Global from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Robert W. Baird dropped their target price on Mobileye Global from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.94.

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.