Maxi Investments CY Ltd Buys New Shares in Mobileye Global Inc. $MBLY

Maxi Investments CY Ltd purchased a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 93,000 shares of the company’s stock, valued at approximately $971,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Intel Corp purchased a new position in shares of Mobileye Global during the 3rd quarter valued at about $706,000,000. Burkehill Global Management LP bought a new position in Mobileye Global during the third quarter valued at approximately $42,360,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Mobileye Global during the third quarter valued at approximately $40,670,000. DNB Asset Management AS purchased a new position in shares of Mobileye Global during the third quarter worth approximately $40,212,000. Finally, Two Sigma Investments LP raised its stake in shares of Mobileye Global by 131.9% during the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock worth $61,898,000 after acquiring an additional 2,493,181 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MBLY. Zacks Research raised shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. The Goldman Sachs Group boosted their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research report on Monday, April 27th. Needham & Company LLC reduced their price objective on Mobileye Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Finally, TD Cowen boosted their target price on Mobileye Global from $8.50 to $10.00 and gave the company a “buy” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.98.

Mobileye Global Trading Down 2.2%

Shares of NASDAQ MBLY opened at $8.87 on Friday. Mobileye Global Inc. has a 12 month low of $6.47 and a 12 month high of $20.18. The firm has a market capitalization of $7.46 billion, a PE ratio of -1.76 and a beta of 1.06. The firm has a fifty day simple moving average of $7.89 and a two-hundred day simple moving average of $9.94.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Mobileye Global had a positive return on equity of 0.33% and a negative net margin of 203.97%.The firm had revenue of $558.00 million for the quarter, compared to the consensus estimate of $519.34 million. During the same quarter in the prior year, the business earned $0.08 EPS. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, sell-side analysts predict that Mobileye Global Inc. will post -0.07 earnings per share for the current year.

Mobileye Global declared that its Board of Directors has initiated a share buyback program on Thursday, April 23rd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.