Taylor Frigon Capital Management LLC Buys 45,542 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Taylor Frigon Capital Management LLC raised its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 31.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 188,423 shares of the company’s stock after buying an additional 45,542 shares during the period. Mobileye Global comprises 1.3% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 26th largest position. Taylor Frigon Capital Management LLC’s holdings in Mobileye Global were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of Mobileye Global by 807.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock valued at $254,832,000 after acquiring an additional 8,073,552 shares during the period. Baillie Gifford & Co. raised its holdings in Mobileye Global by 89.8% in the first quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock worth $513,925,000 after purchasing an additional 7,560,929 shares during the period. Janus Henderson Group PLC bought a new position in shares of Mobileye Global during the first quarter worth $69,638,000. 1832 Asset Management L.P. increased its position in shares of Mobileye Global by 5,308.1% in the 1st quarter. 1832 Asset Management L.P. now owns 2,206,500 shares of the company’s stock valued at $70,939,000 after buying an additional 2,165,700 shares in the last quarter. Finally, M&G Plc acquired a new stake in Mobileye Global during the 1st quarter worth $39,709,000. Institutional investors own 13.25% of the company’s stock.

Insider Buying and Selling at Mobileye Global

In other news, Director Patrick P. Gelsinger bought 6,400 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the purchase, the director now owns 139,106 shares in the company, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mobileye Global news, CEO Amnon Shashua bought 631,963 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patrick P. Gelsinger purchased 6,400 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $15.48 per share, with a total value of $99,072.00. Following the completion of the transaction, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Mobileye Global Stock Performance

MBLY traded down $0.04 during trading hours on Thursday, reaching $12.53. The company’s stock had a trading volume of 2,188,185 shares, compared to its average volume of 4,832,715. The company’s 50-day moving average is $12.97 and its 200-day moving average is $21.64. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48. The firm has a market cap of $10.14 billion, a PE ratio of -59.86 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts anticipate that Mobileye Global Inc. will post -0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on MBLY. Fox Advisors cut Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.00 target price (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a report on Wednesday, October 2nd. Robert W. Baird reduced their price target on shares of Mobileye Global from $40.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Morgan Stanley upgraded shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $25.00 to $18.00 in a report on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.55.

Mobileye Global Profile

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.