Jupiter Asset Management Ltd. Purchases Shares of 324,870 Mobileye Global Inc. $MBLY

Jupiter Asset Management Ltd. purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 324,870 shares of the company’s stock, valued at approximately $3,392,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Mobileye Global in the 2nd quarter valued at $31,000. IFP Advisors Inc increased its holdings in Mobileye Global by 465.7% in the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after buying an additional 1,495 shares during the period. Rhumbline Advisers bought a new stake in Mobileye Global in the 1st quarter valued at $27,000. Financial Management Professionals Inc. bought a new stake in Mobileye Global in the 4th quarter valued at $32,000. Finally, Leonteq Securities AG bought a new stake in Mobileye Global in the 4th quarter valued at $33,000. Institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MBLY shares. Mizuho boosted their target price on shares of Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Mobileye Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Jefferies Financial Group started coverage on shares of Mobileye Global in a research note on Monday, May 18th. They issued an “underperform” rating and a $8.00 target price on the stock. Berenberg Bank downgraded shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 target price on the stock. in a research note on Thursday, May 21st. Finally, Canaccord Genuity Group reduced their target price on shares of Mobileye Global from $24.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Mobileye Global currently has an average rating of “Hold” and a consensus target price of $13.77.

Mobileye Global Stock Down 0.7%

Shares of NASDAQ MBLY opened at $10.34 on Friday. The firm’s 50-day simple moving average is $8.48 and its 200 day simple moving average is $9.57. The company has a market cap of $8.70 billion, a price-to-earnings ratio of -2.05 and a beta of 1.06. Mobileye Global Inc. has a 12-month low of $6.47 and a 12-month high of $20.18.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $558.00 million for the quarter, compared to the consensus estimate of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, equities analysts expect that Mobileye Global Inc. will post -0.07 earnings per share for the current year.

Mobileye Global declared that its Board of Directors has initiated a stock buyback program on Thursday, April 23rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

About Mobileye Global

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.