Guinness Atkinson Asset Management Inc Lowers Position in Mobileye Global Inc. $MBLY

Guinness Atkinson Asset Management Inc lowered its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 14.3% during the second quarter, HoldingsChannel.com reports. The firm owned 5,220 shares of the company’s stock after selling 870 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Mobileye Global were worth $94,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the 1st quarter worth $27,000. PNC Financial Services Group Inc. grew its position in 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 valued at $84,000 after acquiring an additional 5,543 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in 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 acquiring an additional 3,149 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Mobileye Global in the 1st quarter worth about $158,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of Mobileye Global in the 1st quarter valued at about $159,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Canaccord Genuity Group increased their target price on shares of Mobileye Global from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. UBS Group increased their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Robert W. Baird cut their target price on shares of Mobileye Global from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Mobileye Global in a research report on Friday, July 25th. Finally, Barclays increased their price target on Mobileye Global from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.59.

Mobileye Global Trading Down 4.6%

Shares of MBLY stock opened at $13.44 on Monday. The firm has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $15.08. The company has a market capitalization of $10.95 billion, a PE ratio of -32.00, a price-to-earnings-growth ratio of 8.24 and a beta of 0.52. Mobileye Global Inc. has a twelve month low of $11.58 and a twelve month high of $22.51.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm 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 firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. Mobileye Global has set its FY 2025 guidance at EPS. Equities research analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current 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.