Robocap Asset Management Ltd Raises Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Robocap Asset Management Ltd increased its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 28.2% during the 4th quarter, Holdings Channel reports. The firm owned 124,467 shares of the company’s stock after acquiring an additional 27,416 shares during the period. Mobileye Global comprises 1.7% of Robocap Asset Management Ltd’s investment portfolio, making the stock its 23rd biggest position. Robocap Asset Management Ltd’s holdings in Mobileye Global were worth $2,479,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MBLY. Daymark Wealth Partners LLC purchased a new position in shares of Mobileye Global during the third quarter valued at about $144,000. Guinness Atkinson Asset Management Inc raised its holdings in shares of Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after acquiring an additional 1,257 shares in the last quarter. Polianta Ltd grew its holdings in shares of Mobileye Global by 139.1% in the third quarter. Polianta Ltd now owns 96,100 shares of the company’s stock valued at $1,316,000 after purchasing an additional 55,900 shares in the last quarter. Washington Capital Management Inc. increased its position in Mobileye Global by 178.4% in the third quarter. Washington Capital Management Inc. now owns 34,800 shares of the company’s stock worth $477,000 after purchasing an additional 22,300 shares during the last quarter. Finally, Renaissance Capital LLC raised its stake in Mobileye Global by 20.0% during the third quarter. Renaissance Capital LLC now owns 95,903 shares of the company’s stock valued at $1,314,000 after purchasing an additional 16,013 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MBLY. Mizuho reduced their target price on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Oppenheimer assumed coverage on Mobileye Global in a report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Friday, January 31st. Loop Capital raised their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 target price on shares of Mobileye Global in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.05.

Mobileye Global Price Performance

MBLY stock opened at $16.07 on Friday. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00. The firm has a 50-day simple moving average of $17.58 and a two-hundred day simple moving average of $15.69.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.33% and a negative net margin of 186.82%. Equities research analysts expect that Mobileye Global Inc. will post 0.03 earnings per share 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.