Taylor Frigon Capital Management LLC Trims Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Taylor Frigon Capital Management LLC lowered its position in Mobileye Global Inc. (NASDAQ:MBLY) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,354 shares of the company’s stock after selling 6,281 shares during the quarter. Mobileye Global makes up approximately 1.4% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 13th biggest position. Taylor Frigon Capital Management LLC’s holdings in Mobileye Global were worth $2,366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MBLY. Global Retirement Partners LLC lifted its stake in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after buying an additional 932 shares during the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of Mobileye Global during the fourth quarter worth approximately $442,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Mobileye Global during the fourth quarter worth approximately $653,000. Parkside Financial Bank & Trust raised its stake in shares of Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after purchasing an additional 737 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Mobileye Global by 1,795.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,033 shares of the company’s stock worth $60,000 after purchasing an additional 2,873 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Insider Activity

In other news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now owns 107,853 shares of the company’s stock, valued at approximately $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MBLY shares. BNP Paribas upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 price target for the company in a research note on Wednesday, April 23rd. Piper Sandler upped their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on Mobileye Global from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded Mobileye Global to a “sell” rating in a research report on Tuesday, April 29th. Finally, Barclays restated an “equal weight” rating and issued a $14.00 price target (down previously from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.63.

Mobileye Global Price Performance

Mobileye Global stock opened at $18.34 on Monday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $28.73. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of -4.98, a price-to-earnings-growth ratio of 165.57 and a beta of 0.48. The firm’s fifty day moving average price is $15.72 and its 200 day moving average price is $16.05.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The company’s revenue for the quarter was up 83.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. Analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.