Latest news with #MBLY
Yahoo
15-07-2025
- Business
- Yahoo
Intel Offloads $1 Billion Mobileye Shares Amid Valuation Wobbles
July 15 - Intel (NASDAQ:INTC) has sold a sizable portion of its stake in Mobileye (NASDAQ:MBLY), offloading 63.7 million Class A shares worth approximately $1.02 billion, according to a Friday regulatory filing. The transaction was priced at $16.05 per share. Warning! GuruFocus has detected 7 Warning Signs with INTC. The deal comes after Mobileye shares declined about 11% over the past week. Despite that drop, analysts have issued mixed reactions to recent developments, including the company's secondary offering and buyback plans. Intel's ownership structure shifted after converting 113.7 million Class B shares into Class A stock, retaining 50 million Class A shares through its subsidiary, Intel Overseas Funding Corporation. Mobileye recently priced a secondary offering of 50 million shares at $16.50, all sold by Intel's unit. The company will repurchase around 6.2 million shares directly from the seller. Market watchers are divided. Loop Capital raised its price target to $24, citing Mobileye's long-term potential, while BofA Securities and BNP Paribas maintained neutral ratings, pointing to near-term earnings pressures. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-07-2025
- Business
- Yahoo
Mobileye (MBLY) Slashes 15.5% on Intel Corp. Unloads $900-Million Stake
Mobileye Global Inc. (NASDAQ:MBLY) is one of the Mobileye Global declined by 15.5 percent week-on-week as investors turned sour on Intel Corp.'s disposition of $900 million stake in the company, as the latter embarks on a corporate restructuring initiative to claw back to profitability. In a statement, Mobileye Global Inc. (NASDAQ:MBLY) said that Intel Corp.'s subsidiary, Intel Overseas Funding Corporation, planned to sell 50 million MBLY Class A common shares at a price of $16.5 apiece for a total of $825 million. It granted its underwriters an option to purchase an additional 7.5 million shares for a total of $123.75 million. If fully subscribed, the transaction would be worth a total of $948.75 million. Meanwhile, Mobileye Global Inc. (NASDAQ:MBLY) said that it would buy back more than 6.2 million shares upon the conclusion of the share sale at a price equal to the purchase price to be paid by the underwriters in the offering. A driverless vehicle navigating city traffic, equipped with ADAS and safety features. Additionally, Intel expressed its intention to convert 50 million of its MBLY Common B shares to Common A shares, which it said it would hold at this time. While we acknowledge the potential of MBLY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
Mobileye Global (MBLY) Dives as Intel Unloads $900-Million Stake
Mobileye Global Inc. (NASDAQ:MBLY) is one of the . Mobileye Global dropped its share prices by 7.08 percent on Wednesday to end at $17.32 apiece as investor sentiment was dampened by Intel Corp.'s unloading of shares worth $900 million in the company. In a statement, Mobileye Global Inc. (NASDAQ:MBLY) said that Intel Corp.'s subsidiary, Intel Overseas Funding Corporation, plans to sell 50 million MBLY Class A common shares at a price of $16.5 apiece for a total of $825 million. It also granted its underwriters an option to purchase an additional 7.5 million shares for a total of $123.75 million. If fully subscribed, the transaction would be worth a total of $948.75 million. Meanwhile, Mobileye Global Inc. (NASDAQ:MBLY) said that it would buy back more than 6.2 million shares upon the conclusion of the share sale at a price per share equal to the per share purchase price to be paid by the underwriters in the offering. A driverless vehicle navigating city traffic, equipped with ADAS and safety features. Additionally, Intel expressed its intention to convert 50 million of its MBLY Common B shares to Common A shares, which it would hold at this time. While we acknowledge the potential of MBLY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Mobileye (MBLY) Rebounds 11.55% on Israel-Iran Ceasefire
Mobileye Global Inc. (NASDAQ:MBLY) is one of the . Mobileye Global jumped by 11.55 percent on Monday following President Donald Trump's announcement that Israel and Iran have agreed on a ceasefire. The announcement boosted Mobileye Global Inc.'s (NASDAQ:MBLY) share prices, as a company based in Israel that is heavily affected by the conflict. 'It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED,' Trump wrote on social media. A driverless vehicle navigating city traffic, equipped with ADAS and safety features. As a form of support to its employees, Mobileye Global Inc. (NASDAQ:MBLY) said it has offered financial aid for babysitting services, and food and equipment deliveries, specifically for reservists, their spouses, and spouses of essential workers affected in Israel. While we acknowledge the potential of MBLY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Automotive
- Yahoo
Here's Why You Should Retain Mobileye Stock in Your Portfolio Now
Mobileye Global Inc. MBLY, a leader in autonomous driving and driver-assistance technologies, is likely to benefit from increasing demand for ADAS (advanced driver assistance systems) and autonomous driving features amid rising operating expenses. Let us see why you should retain this Zacks Rank #3 (Hold) stock in your portfolio. The rising demand for ADAS and autonomous driving features is fueling Mobileye's prospects. Its cutting-edge technology enhances automotive safety, productivity and vehicle utilization. As the auto industry accelerates toward self-driving vehicles, the company's innovative solutions like Supervision, Chauffeur, Drive and EyeQ strengthen its portfolio. MBLY is still securing new ADAS deals with its main customers and also finding promising opportunities with new clients. A major tailwind for Mobileye is the growing adoption of multi-camera setups, driven by stricter safety regulations and the push for hands-free highway driving in mass-market expects revenues and adjusted operating income to rise year over year in 2025. It estimates revenues in the range of $1.69-$1.81 billion, up from $1.65 billion recorded in 2024. The revenue forecast is based on EyeQ unit sales ranging from 32-34 million units. For the second quarter of 2025, it expects revenues to be up about 7% year over partnerships and significant design wins are pivotal to Mobileye's robust growth. With ZEEKR as its launch partner and design wins with automakers like Porsche, FAW, Mahindra and other major OEMs in 2023, Mobileye's prospects are soaring. In March 2024, Volkswagen deepened its partnership with Mobileye to integrate SuperVision and Chauffeur technologies for partially and highly automated driving into series production. In March 2025, Volkswagen announced a collaboration with Mobileye to enhance safety and driving comfort in the former's upcoming MQB-based vehicle strong balance sheet, with $1.51 billion of cash/cash equivalents and zero debt as of March 25, 2025, also instills investors' confidence. This financial flexibility allows MBLY to tap into growth opportunities. Mobileye expects production volume from its top 10 customers to be down 3-7% year over year in 2025. Its shipments of assisted driving technology to China are under pressure due to stiff competition from local players offering similar self-driving software at lower costs. High operating expenses, caused by rising employee compensation and increased military reserve investments, will likely clip operating income. Even though there will be savings from winding down the LIDAR unit, headcount-related cost pressures will keep overall operating expenses elevated, hindering potential income growth. MBLY expects 7% year-over-year growth in adjusted operating expenses in 2025. Some better-ranked stocks in the auto space are Hesai Group HSAI, Ferrari N.V. RACE and Standard Motor Products, Inc. SMP. HSAI & RACE sport a Zacks Rank #1 (Strong Buy) each, while SMP carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for HSAI's 2025 earnings indicates year-over-year growth of 336.36%. EPS estimates for 2026 have improved 12 cents in the past 30 Zacks Consensus Estimate for RACE's 2025 sales and earnings implies year-over-year growth of 12.37% and 4.8%, respectively. EPS estimates for 2025 and 2026 have improved 30 cents and 36 cents, respectively, in the past seven Zacks Consensus Estimate for SMP's 2025 sales and earnings implies year-over-year growth of 17.1% and 12.62%, respectively. EPS estimates for 2025 and 2026 have improved 6 cents and 2 cents, respectively, in the past 30 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Standard Motor Products, Inc. (SMP) : Free Stock Analysis Report Mobileye Global Inc. (MBLY) : Free Stock Analysis Report Ferrari N.V. (RACE) : Free Stock Analysis Report Hesai Group Sponsored ADR (HSAI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
