Cramer Rosenthal Mcglynn LLC Boosts Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Cramer Rosenthal Mcglynn LLC boosted its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 464,330 shares of the company's stock after buying an additional 81,126 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.06% of Mobileye Global worth $9,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Mobileye Global in the 4th quarter worth approximately $95,937,000. Primecap Management Co. CA grew its stake in Mobileye Global by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock valued at $35,944,000 after acquiring an additional 40,000 shares during the period. Vanguard Group Inc. lifted its position in Mobileye Global by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after acquiring an additional 45,756 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Mobileye Global by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock valued at $30,569,000 after purchasing an additional 8,340 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Mobileye Global by 21.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,508,976 shares of the company's stock worth $32,745,000 after purchasing an additional 263,758 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Mobileye Global Stock Up 2.4 %

NASDAQ MBLY traded up $0.28 on Tuesday, reaching $12.05. The company had a trading volume of 3,074,528 shares, compared to its average volume of 5,291,107. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $33.26. The stock has a market capitalization of $9.77 billion, a P/E ratio of -3.15, a P/E/G ratio of 69.54 and a beta of 0.39. The company's fifty day moving average is $14.92 and its 200 day moving average is $15.87.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results 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 net margin of 186.82% and a negative return on equity of 0.34%. On average, research analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

MBLY has been the subject of a number of analyst reports. Oppenheimer started coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price objective for the company. Robert W. Baird cut their price objective on shares of Mobileye Global from $25.00 to $17.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Piper Sandler boosted their price target on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. The Goldman Sachs Group reduced their target price on Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global has an average rating of "Hold" and a consensus target price of $20.55.

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.