Entropy Technologies LP Makes New Investment in Mobileye Global Inc. (NASDAQ:MBLY)

Entropy Technologies LP acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 40,600 shares of the company’s stock, valued at approximately $1,305,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Mobileye Global by 168.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,131,773 shares of the company’s stock worth $47,025,000 after buying an additional 709,982 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Mobileye Global during the third quarter worth $262,000. Vanguard Group Inc. boosted its holdings in shares of Mobileye Global by 2.2% during the third quarter. Vanguard Group Inc. now owns 1,104,828 shares of the company’s stock worth $45,906,000 after purchasing an additional 23,342 shares during the last quarter. TrueMark Investments LLC acquired a new position in Mobileye Global in the fourth quarter valued at $1,662,000. Finally, Ayalon Insurance Comp Ltd. boosted its holdings in Mobileye Global by 1.8% in the fourth quarter. Ayalon Insurance Comp Ltd. now owns 71,947 shares of the company’s stock valued at $3,117,000 after acquiring an additional 1,246 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on MBLY. Morgan Stanley downgraded Mobileye Global from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $26.00 to $25.00 in a research note on Friday, April 26th. HSBC initiated coverage on Mobileye Global in a report on Monday. They set a “buy” rating and a $33.00 target price on the stock. Hsbc Global Res raised Mobileye Global to a “strong-buy” rating in a report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price target on shares of Mobileye Global in a report on Friday, April 26th. Finally, UBS Group cut their target price on shares of Mobileye Global from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.44.

Mobileye Global Price Performance

Mobileye Global stock traded down $0.72 during mid-day trading on Wednesday, reaching $26.27. 3,272,064 shares of the company traded hands, compared to its average volume of 4,139,771. The firm’s 50 day moving average price is $27.45 and its 200 day moving average price is $28.61. The firm has a market capitalization of $21.18 billion, a price-to-earnings ratio of -125.10, a P/E/G ratio of 41.92 and a beta of 0.07. Mobileye Global Inc. has a 52-week low of $23.49 and a 52-week high of $45.10.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $239.00 million for the quarter, compared to analysts’ expectations of $226.60 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. On average, sell-side analysts anticipate that Mobileye Global Inc. will post 0.09 EPS for the current year.

Insider Buying and Selling

In related news, Director Patrick P. Gelsinger acquired 1,611 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of $28.17 per share, with a total value of $45,381.87. Following the acquisition, the director now directly owns 132,706 shares in the company, valued at approximately $3,738,328.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Patrick P. Gelsinger bought 2,000 shares of the stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $27.53 per share, with a total value of $55,060.00. Following the completion of the purchase, the director now owns 131,095 shares of the company’s stock, valued at $3,609,045.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick P. Gelsinger bought 1,611 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $28.17 per share, with a total value of $45,381.87. Following the completion of the purchase, the director now directly owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.

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.