Leonteq Securities AG Grows Position in Mobileye Global Inc. $MBLY

Leonteq Securities AG raised its position in Mobileye Global Inc. (NASDAQ:MBLY) by 1,946.2% in the first quarter, Holdings Channel reports. The fund owned 64,986 shares of the company’s stock after buying 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 SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keybank National Association OH acquired a new stake in shares of Mobileye Global in the 1st quarter valued at $136,000. Impact Partnership Wealth LLC purchased a new stake in shares of Mobileye Global during the 1st quarter worth $81,000. Janney Montgomery Scott LLC grew its stake in shares of Mobileye Global by 80.3% during the first quarter. Janney Montgomery Scott LLC now owns 134,026 shares of the company’s stock worth $921,000 after purchasing an additional 59,676 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Mobileye Global by 88.3% in the fourth quarter. Hsbc Holdings PLC now owns 222,753 shares of the company’s stock valued at $2,353,000 after buying an additional 104,455 shares during the last quarter. Finally, Alpine Global Management LLC purchased a new position in Mobileye Global in the fourth quarter valued at $181,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

MBLY has been the subject of a number of recent analyst reports. Mizuho lifted their price target on Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. The Goldman Sachs Group increased their price objective on Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Berenberg Bank lowered Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 target price on the stock. in a research report on Thursday, May 21st. TD Cowen boosted their target price on Mobileye Global from $8.50 to $10.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.77.

Mobileye Global Price Performance

Shares of MBLY opened at $9.57 on Friday. Mobileye Global Inc. has a 1-year low of $6.47 and a 1-year high of $20.18. The stock has a market cap of $8.05 billion, a PE ratio of -1.90 and a beta of 1.16. The firm has a fifty day moving average price of $9.38 and a 200 day moving average price of $9.14.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Mobileye Global had a positive return on equity of 0.33% and a negative net margin of 203.97%.The company had revenue of $558.00 million for the quarter, compared to analyst estimates of $519.34 million. During the same quarter last year, the company posted $0.08 earnings per share. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, equities analysts expect that Mobileye Global Inc. will post -0.09 EPS for the current fiscal year.

Mobileye Global declared that its board has approved a stock repurchase program on Thursday, April 23rd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Mobileye Global Company Profile

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.