Fox Run Management L.L.C. Invests $296,000 in Mobileye Global Inc. $MBLY

Fox Run Management L.L.C. acquired a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 16,476 shares of the company’s stock, valued at approximately $296,000.

Other large investors have also added to or reduced their stakes in the company. Bryce Point Capital LLC acquired a new position in Mobileye Global in the second quarter valued at approximately $184,000. Corton Capital Inc. increased its stake in shares of Mobileye Global by 33.4% in the 2nd quarter. Corton Capital Inc. now owns 27,849 shares of the company’s stock valued at $501,000 after acquiring an additional 6,979 shares in the last quarter. BCGM Wealth Management LLC lifted its position in shares of Mobileye Global by 3.4% during the 2nd quarter. BCGM Wealth Management LLC now owns 221,264 shares of the company’s stock valued at $3,978,000 after acquiring an additional 7,311 shares during the period. Teacher Retirement System of Texas bought a new position in Mobileye Global during the second quarter worth $274,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Mobileye Global during the second quarter worth $3,226,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Performance

MBLY stock opened at $12.46 on Friday. The business has a 50-day simple moving average of $14.01 and a two-hundred day simple moving average of $15.05. The company has a market capitalization of $10.16 billion, a P/E ratio of -29.67, a price-to-earnings-growth ratio of 7.79 and a beta of 0.51. Mobileye Global Inc. has a 52-week low of $11.58 and a 52-week high of $22.51.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. Mobileye Global has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MBLY. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobileye Global in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their target price on Mobileye Global from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, July 17th. Wall Street Zen lowered Mobileye Global from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Tigress Financial raised their price objective on Mobileye Global from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, TD Cowen lowered their target price on Mobileye Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.94.

About Mobileye Global

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.