Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in Mobileye Global Inc. $MBLY

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,067,038 shares of the company’s stock after acquiring an additional 110,927 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.25% of Mobileye Global worth $29,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MBLY. Intel Corp purchased a new position in shares of Mobileye Global in the third quarter worth about $706,000,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mobileye Global in the 3rd quarter valued at about $40,670,000. Hillsdale Investment Management Inc. purchased a new position in Mobileye Global in the 3rd quarter worth approximately $2,470,000. SG Americas Securities LLC lifted its stake in Mobileye Global by 1,090.2% in the 2nd quarter. SG Americas Securities LLC now owns 115,321 shares of the company’s stock worth $2,073,000 after purchasing an additional 105,632 shares in the last quarter. Finally, Skylands Capital LLC boosted its holdings in shares of Mobileye Global by 861.0% during the 3rd quarter. Skylands Capital LLC now owns 233,050 shares of the company’s stock worth $3,291,000 after purchasing an additional 208,800 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MBLY shares. JPMorgan Chase & Co. raised Mobileye Global from an “underweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $13.00 in a report on Tuesday, January 6th. HSBC downgraded Mobileye Global from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research note on Friday, January 23rd. Piper Sandler lowered their price target on shares of Mobileye Global from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. UBS Group dropped their price objective on shares of Mobileye Global from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. Finally, Zacks Research downgraded shares of Mobileye Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.89.

Mobileye Global Trading Down 3.3%

Shares of NASDAQ:MBLY opened at $8.46 on Monday. The business has a 50-day moving average price of $9.96 and a 200 day moving average price of $12.09. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of -17.26 and a beta of 0.59. Mobileye Global Inc. has a 12-month low of $8.32 and a 12-month high of $20.18.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The company had revenue of $446.00 million for the quarter, compared to analysts’ expectations of $430.69 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Mobileye Global’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, equities research analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Mobileye Global Profile

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.