Patten & Patten Inc. TN Has $1.41 Million Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Patten & Patten Inc. TN boosted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,150 shares of the company’s stock after buying an additional 5,620 shares during the period. Patten & Patten Inc. TN’s holdings in Mobileye Global were worth $1,413,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cranbrook Wealth Management LLC bought a new position in Mobileye Global in the second quarter valued at $84,000. Natixis Investment Managers International acquired a new stake in shares of Mobileye Global in the 1st quarter valued at approximately $99,000. EverSource Wealth Advisors LLC raised its position in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after acquiring an additional 3,478 shares in the last quarter. Guinness Atkinson Asset Management Inc grew its holdings in Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after purchasing an additional 1,257 shares during the period. Finally, Avitas Wealth Management LLC bought a new stake in Mobileye Global in the third quarter valued at approximately $137,000. Institutional investors own 13.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MBLY shares. Daiwa Capital Markets lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. HSBC assumed coverage on shares of Mobileye Global in a research note on Monday, July 15th. They issued a “buy” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Finally, Daiwa America cut Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.20.

Mobileye Global Trading Up 1.2 %

Shares of NASDAQ:MBLY opened at $16.64 on Tuesday. The stock’s fifty day simple moving average is $12.99 and its two-hundred day simple moving average is $20.06. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $44.48. The stock has a market cap of $13.47 billion, a PE ratio of -4.56 and a beta of 0.07.

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.