KLP Kapitalforvaltning AS Makes New $372,000 Investment in Mobileye Global Inc. $MBLY

KLP Kapitalforvaltning AS purchased a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 20,700 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds have also recently added to or reduced their stakes in MBLY. Rhumbline Advisers acquired a new position in Mobileye Global in the first quarter worth approximately $27,000. PNC Financial Services Group Inc. grew its position in Mobileye Global by 1,799.7% in 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. grew its position in Mobileye Global by 108.4% in 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. Kestra Private Wealth Services LLC acquired a new position in Mobileye Global in the first quarter worth approximately $158,000. Finally, Apollon Wealth Management LLC acquired a new position in Mobileye Global in the first quarter worth approximately $159,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analyst Ratings Changes

MBLY has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on shares of Mobileye Global from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Mobileye Global from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Mobileye Global in a research report on Friday, July 25th. Zacks Research upgraded shares of Mobileye Global from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Finally, Barclays lifted their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and a consensus target price of $18.94.

Mobileye Global Stock Down 3.2%

Shares of NASDAQ:MBLY opened at $14.03 on Monday. The firm has a fifty day moving average of $14.30 and a two-hundred day moving average of $15.05. The firm has a market capitalization of $11.44 billion, a P/E ratio of -3.84, a price-to-earnings-growth ratio of 8.61 and a beta of 0.52. Mobileye Global Inc. has a 12-month low of $11.58 and a 12-month high of $22.51.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) 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 analyst estimates of $466.42 million. During the same quarter in the previous year, the business earned $0.09 EPS. Mobileye Global’s quarterly revenue was up 15.3% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. Equities research analysts expect 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.