Taylor Frigon Capital Management LLC Has $3.40 Million Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Taylor Frigon Capital Management LLC reduced its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 9.4% in the 4th quarter, HoldingsChannel reports. The fund owned 170,635 shares of the company’s stock after selling 17,788 shares during the period. Mobileye Global comprises approximately 1.7% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 11th biggest position. Taylor Frigon Capital Management LLC’s holdings in Mobileye Global were worth $3,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MBLY. The Manufacturers Life Insurance Company boosted its stake in shares of Mobileye Global by 49.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after purchasing an additional 4,517,217 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after purchasing an additional 768,169 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after purchasing an additional 279,082 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Mobileye Global in the 4th quarter valued at $12,202,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MBLY has been the topic of a number of analyst reports. Robert W. Baird upped their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a research note on Friday, January 31st. Canaccord Genuity Group cut their target price on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen increased their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mobileye Global has an average rating of “Hold” and an average target price of $22.95.

Mobileye Global Price Performance

Shares of MBLY stock opened at $16.42 on Thursday. The firm has a 50-day moving average of $17.52 and a 200-day moving average of $15.56. The company has a market cap of $13.32 billion, a P/E ratio of -4.30, a P/E/G ratio of 69.54 and a beta of 0.26. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. As a group, research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Mobileye Global Profile

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.