Taylor Frigon Capital Management LLC Sells 17,788 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Taylor Frigon Capital Management LLC decreased its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 9.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 170,635 shares of the company’s stock after selling 17,788 shares during the period. Mobileye Global accounts for about 1.7% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 11th largest holding. Taylor Frigon Capital Management LLC’s holdings in Mobileye Global were worth $3,399,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc boosted its holdings in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after buying an additional 1,131 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global during the 4th quarter worth about $30,000. Global Retirement Partners LLC boosted its holdings in shares of Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after buying an additional 932 shares during the period. Rakuten Securities Inc. boosted its holdings in Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares during the period. Finally, Quarry LP bought a new stake in Mobileye Global in the 3rd quarter valued at about $31,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

MBLY stock opened at $16.42 on Thursday. The company has a 50 day simple moving average of $17.52 and a 200 day simple moving average of $15.56. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of -4.30, a P/E/G ratio of 69.54 and a beta of 0.26. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $34.00.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. On average, equities research analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

MBLY has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. UBS Group boosted their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Mizuho cut their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Robert W. Baird boosted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.95.

Mobileye Global Company 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.