Renaissance Technologies LLC Sells 689,724 Shares of Mobileye Global Inc. $MBLY

Posted by Brian Himes on Jul 30th, 2026

Renaissance Technologies LLC lessened its holdings in Mobileye Global Inc. (NASDAQ:MBLY – Free Report) by 16.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,427,946 shares of the company’s stock after selling 689,724 shares during the period. Renaissance Technologies LLC’s holdings in Mobileye Global were worth $23,550,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of Mobileye Global by 35.8% in the first quarter. Sei Investments Co. now owns 61,775 shares of the company’s stock worth $424,000 after purchasing an additional 16,270 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Mobileye Global by 15.3% during the first quarter. Cetera Investment Advisers now owns 17,267 shares of the company’s stock valued at $119,000 after buying an additional 2,286 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Mobileye Global by 27.7% during the first quarter. First Trust Advisors LP now owns 1,152,499 shares of the company’s stock valued at $7,918,000 after buying an additional 249,921 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Mobileye Global by 204.9% during the first quarter. PNC Financial Services Group Inc. now owns 8,686 shares of the company’s stock worth $60,000 after buying an additional 5,837 shares in the last quarter. Finally, KBC Group NV grew its holdings in Mobileye Global by 61.7% during the first quarter. KBC Group NV now owns 199,891 shares of the company’s stock worth $1,373,000 after buying an additional 76,276 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $8.01 on Thursday. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of -1.61, a P/E/G ratio of 2.88 and a beta of 1.16. Mobileye Global Inc. has a 52 week low of $6.47 and a 52 week high of $15.81. The firm’s 50-day simple moving average is $9.27 and its two-hundred day simple moving average is $8.91.

Mobileye Global (NASDAQ:MBLY – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The firm had revenue of $508.00 million during the quarter, compared to the consensus estimate of $480.51 million. During the same period in the prior year, the firm earned ($0.08) EPS. The company’s revenue was up .4% compared to the same quarter last year. Analysts forecast that Mobileye Global Inc. will post 0.11 earnings per share for the current year.

Mobileye Global declared that its Board of Directors has approved a share repurchase plan on Thursday, April 23rd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MBLY shares. Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of Mobileye Global in a research note on Friday, July 24th. JPMorgan Chase & Co. lowered their target price on shares of Mobileye Global from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Berenberg Bank lowered shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 price target on the stock. in a research report on Thursday, May 21st. Mizuho decreased their price objective on shares of Mobileye Global from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Finally, Jefferies Financial Group initiated coverage on shares of Mobileye Global in a research report on Monday, May 18th. They set an “underperform” rating and a $8.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Mobileye Global has a consensus rating of “Hold” and a consensus price target of $12.95.

Read Our Latest Stock Analysis on Mobileye Global

About Mobileye Global

(Free Report)

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.