Mobileye Global Inc. $MBLY Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN lessened its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,470 shares of the company’s stock after selling 2,140 shares during the period. Patten & Patten Inc. TN’s holdings in Mobileye Global were worth $1,339,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers acquired a new position in shares of Mobileye Global during the 1st quarter worth about $27,000. PNC Financial Services Group Inc. grew its stake in Mobileye Global by 1,799.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company’s stock valued at $84,000 after acquiring an additional 5,543 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Mobileye Global by 108.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company’s stock valued at $87,000 after acquiring an additional 3,149 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Mobileye Global during the 1st quarter valued at about $158,000. Finally, Apollon Wealth Management LLC purchased a new stake in Mobileye Global during the 1st quarter valued at about $159,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Mobileye Global from $18.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Wall Street Zen cut shares of Mobileye Global from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobileye Global in a research note on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Mobileye Global in a research note on Friday, July 25th. Finally, Royal Bank Of Canada upped their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.94.

Mobileye Global Price Performance

Mobileye Global stock opened at $14.50 on Friday. The firm has a 50 day simple moving average of $14.29 and a 200-day simple moving average of $15.05. Mobileye Global Inc. has a 1-year low of $11.58 and a 1-year high of $22.51. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of -3.97, a price-to-earnings-growth ratio of 9.40 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY) last posted 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. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The business had revenue of $506.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. Equities analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.