Triumph Capital Management Increases Position in Mobileye Global Inc. (NASDAQ:MBLY)

Triumph Capital Management increased its position in Mobileye Global Inc. (NASDAQ:MBLY) by 16.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,184 shares of the company’s stock after acquiring an additional 9,527 shares during the period. Triumph Capital Management’s holdings in Mobileye Global were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MBLY. ARK Investment Management LLC grew its position in Mobileye Global by 89.4% during the 4th quarter. ARK Investment Management LLC now owns 141,812 shares of the company’s stock worth $2,825,000 after purchasing an additional 66,934 shares during the period. Versant Capital Management Inc grew its holdings in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares during the period. Handelsbanken Fonder AB purchased a new position in Mobileye Global during the fourth quarter valued at approximately $442,000. Yiheng Capital Management L.P. acquired a new position in Mobileye Global in the fourth quarter valued at approximately $14,940,000. Finally, Slow Capital Inc. boosted its position in Mobileye Global by 440.7% in the 4th quarter. Slow Capital Inc. now owns 246,314 shares of the company’s stock worth $4,907,000 after purchasing an additional 200,757 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $14.92 on Wednesday. The stock has a 50 day moving average price of $14.46 and a 200 day moving average price of $15.92. The stock has a market cap of $12.10 billion, a PE ratio of -3.91, a P/E/G ratio of 69.54 and a beta of 0.39. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $33.26.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The company’s revenue for the quarter was up 83.3% on a year-over-year basis. During the same period last year, the company earned ($0.07) EPS. As a group, analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of Mobileye Global to a “sell” rating in a report on Tuesday. UBS Group cut their price objective on shares of Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Mizuho dropped their target price on Mobileye Global from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their price target on Mobileye Global from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Thursday, April 17th. Finally, BNP Paribas raised Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 price objective on the stock in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.63.

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.