Leonteq Securities AG Boosts Stake in Mobileye Global Inc. $MBLY

Leonteq Securities AG grew its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 1,946.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,986 shares of the company’s stock after purchasing an additional 61,810 shares during the period. Leonteq Securities AG’s holdings in Mobileye Global were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Burkehill Global Management LP purchased a new stake in Mobileye Global in the 3rd quarter valued at about $42,360,000. Two Sigma Investments LP boosted its stake in Mobileye Global by 131.9% during the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock worth $61,898,000 after buying an additional 2,493,181 shares during the period. Engineers Gate Manager LP boosted its stake in Mobileye Global by 140.9% during the fourth quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock worth $37,348,000 after buying an additional 2,092,250 shares during the period. BNP Paribas Financial Markets increased its position in shares of Mobileye Global by 436.0% during the third quarter. BNP Paribas Financial Markets now owns 2,489,803 shares of the company’s stock valued at $35,156,000 after acquiring an additional 2,025,257 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter valued at about $15,290,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MBLY. Wall Street Zen upgraded shares of Mobileye Global from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. BNP Paribas Exane dropped their target price on shares of Mobileye Global from $11.50 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Mizuho boosted their target price on Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Canaccord Genuity Group decreased their price target on Mobileye Global from $24.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on Mobileye Global from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and a consensus target price of $13.77.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $9.57 on Friday. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of -1.90 and a beta of 1.16. The firm has a 50 day simple moving average of $9.38 and a 200-day simple moving average of $9.14. Mobileye Global Inc. has a one year low of $6.47 and a one year high of $20.18.

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

Mobileye Global declared that its board has initiated a share buyback plan on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is 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.