Wisconsin Capital Management LLC Raises Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Wisconsin Capital Management LLC raised its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,328 shares of the company’s stock after buying an additional 5,500 shares during the quarter. Wisconsin Capital Management LLC’s holdings in Mobileye Global were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Illinois Municipal Retirement Fund bought a new stake in shares of Mobileye Global in the fourth quarter worth about $672,000. Capital Investment Advisory Services LLC raised its holdings in shares of Mobileye Global by 2.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock worth $637,000 after acquiring an additional 400 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Mobileye Global by 219.9% during the 4th quarter. Handelsbanken Fonder AB now owns 46,605 shares of the company’s stock worth $2,019,000 after acquiring an additional 32,037 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Mobileye Global by 43.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,477 shares of the company’s stock valued at $16,744,000 after acquiring an additional 116,276 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mobileye Global by 344.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,929 shares of the company’s stock worth $170,000 after purchasing an additional 3,045 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MBLY. Raymond James lowered their price objective on shares of Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Bank of America cut Mobileye Global from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $47.00 to $22.00 in a research note on Thursday, January 4th. Robert W. Baird lowered their price objective on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Barclays cut their target price on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Finally, TD Cowen lowered their price target on Mobileye Global from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.62.

Mobileye Global Trading Down 0.7 %

Shares of MBLY traded down $0.22 during midday trading on Thursday, reaching $30.90. 5,435,354 shares of the stock were exchanged, compared to its average volume of 4,599,394. The company has a market capitalization of $24.91 billion, a P/E ratio of -772.31, a PEG ratio of 14.15 and a beta of -0.21. Mobileye Global Inc. has a 52 week low of $23.49 and a 52 week high of $47.41. The company’s 50 day moving average is $29.16 and its two-hundred day moving average is $33.47.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The company had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $637.53 million. During the same period in the prior year, the business earned $0.27 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. On average, sell-side analysts expect that Mobileye Global Inc. will post 0.14 EPS for the current year.

Insider Activity

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 3,600 shares of Mobileye Global stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $27.75 per share, with a total value of $99,900.00. Following the completion of the purchase, the director now directly owns 129,095 shares of the company’s stock, valued at approximately $3,582,386.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.60% of the company’s stock.

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.