Perigon Wealth Management LLC Purchases New Shares in Mobileye Global Inc. (NASDAQ:MBLY)

Perigon Wealth Management LLC acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,978 shares of the company's stock, valued at approximately $398,000.

Several other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. raised its stake in shares of Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after buying an additional 1,061 shares during the period. Versant Capital Management Inc raised its position 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 valued at $26,000 after buying an additional 1,131 shares during the period. Daymark Wealth Partners LLC grew its holdings in shares of Mobileye Global by 10.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after purchasing an additional 1,147 shares during the period. Guinness Atkinson Asset Management Inc increased its position in shares of Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock valued at $119,000 after acquiring an additional 1,257 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Mobileye Global during the fourth quarter worth $30,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Trading Up 1.4 %

NASDAQ:MBLY traded up $0.23 during mid-day trading on Wednesday, hitting $16.15. 5,713,741 shares of the company's stock traded hands, compared to its average volume of 7,914,418. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $34.00. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of -4.23, a price-to-earnings-growth ratio of 11.32 and a beta of 0.26. The firm has a 50 day moving average of $17.65 and a two-hundred day moving average of $15.74.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.33% and a negative net margin of 186.82%. As a group, equities research analysts expect that Mobileye Global Inc. will post 0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MBLY shares. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a report on Friday, January 31st. Barclays upped their price objective on Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Oppenheimer initiated coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 target price on the stock. Loop Capital raised their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, Evercore ISI reduced their target price on Mobileye Global from $35.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $23.05.

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.