Miller Wealth Advisors LLC Has $769,000 Holdings in Mobileye Global Inc. $MBLY

Miller Wealth Advisors LLC lessened its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,756 shares of the company’s stock after selling 2,670 shares during the period. Mobileye Global comprises about 0.4% of Miller Wealth Advisors LLC’s holdings, making the stock its 10th largest holding. Miller Wealth Advisors LLC’s holdings in Mobileye Global were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of MBLY. Rhumbline Advisers bought a new stake in shares of Mobileye Global in the 1st quarter valued at about $27,000. RFG Advisory LLC bought a new stake in shares of Mobileye Global in the 1st quarter valued at about $252,000. Polianta Ltd lifted its stake in shares of Mobileye Global by 20.2% in the 1st quarter. Polianta Ltd now owns 78,600 shares of the company’s stock valued at $1,131,000 after acquiring an additional 13,200 shares during the last quarter. Tobam lifted its stake in shares of Mobileye Global by 632.1% in the 1st quarter. Tobam now owns 26,640 shares of the company’s stock valued at $383,000 after acquiring an additional 23,001 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Mobileye Global in the 1st quarter valued at about $2,207,000. Institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

MBLY has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on Mobileye Global from $18.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Robert W. Baird reduced their target price on Mobileye Global from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, September 3rd. Mizuho reduced their target price on Mobileye Global from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Canaccord Genuity Group upped their target price on Mobileye Global from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Wall Street Zen downgraded Mobileye Global from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Mobileye Global has an average rating of “Hold” and a consensus target price of $19.53.

Mobileye Global Trading Down 0.1%

MBLY stock opened at $14.12 on Wednesday. The stock has a market capitalization of $11.51 billion, a PE ratio of -3.87, a price-to-earnings-growth ratio of 8.89 and a beta of 0.52. Mobileye Global Inc. has a 12-month low of $11.12 and a 12-month high of $22.51. The stock’s 50 day simple moving average is $14.19 and its 200 day simple moving average is $15.06.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $466.42 million. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Mobileye Global has set its FY 2025 guidance at EPS. On average, research analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Insider Transactions at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the transaction, the insider directly owned 50,000,000 shares of the company’s stock, valued at approximately $802,500,000. This represents a 56.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

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.