Norges Bank Amends Mobileye Global Stake, Signals Continued Confidence

TL;DR

**Norges Bank still holds Mobileye stock, a bullish sign from a big player.**

AI Summary

Norges Bank, Norway's central bank, filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Mobileye Global Inc. Class A Common Stock as of December 31, 2023. This filing updates their previous disclosures, showing their continued significant, but passive, investment in the autonomous driving technology company. This matters to investors because Norges Bank is a major institutional investor, and their sustained position can signal long-term confidence in Mobileye's future, potentially influencing other investors.

Why It Matters

This filing confirms Norges Bank's ongoing substantial investment in Mobileye, providing a vote of confidence from a major institutional player. This can reassure current shareholders and attract new investors, potentially impacting stock stability and future growth prospects.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate negative risks or significant changes in company control.

Analyst Insight

Investors should note Norges Bank's continued passive stake as a sign of institutional confidence, but recognize this is a routine update without new actionable information beyond confirming their position as of December 31, 2023.

Key Players & Entities

• Norges Bank (company) — the institutional investor filing the SC 13G/A
• Mobileye Global Inc. (company) — the subject company whose Class A Common Stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 29, 2024 (date) — the filing date of the SC 13G/A
• Class A Common Stock (other) — the type of securities held by Norges Bank

Forward-Looking Statements

• Norges Bank will maintain a significant, passive stake in Mobileye Global Inc. throughout 2024. (Norges Bank) — high confidence, target: 2024-12-31

FAQ

From the Filing

0001374170-24-000009.txt : 20240129 0001374170-24-000009.hdr.sgml : 20240129 20240129091841 ACCESSION NUMBER: 0001374170-24-000009 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 GROUP MEMBERS: NBIMREGULATORYCOMPLIANCE@NBIM.NO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Mobileye Global Inc. CENTRAL INDEX KEY: 0001910139 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93811 FILM NUMBER: 24570669 BUSINESS ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 BUSINESS PHONE: 972 2 541 7333 MAIL ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Holdings Inc. DATE OF NAME CHANGE: 20220224 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Group Inc. DATE OF NAME CHANGE: 20220209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORGES BANK CENTRAL INDEX KEY: 0001374170 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: Q8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: BANKPLASSEN 2 STREET 2: P.O BOX 1179 SENTRUM CITY: OSLO STATE: Q8 ZIP: 0107 BUSINESS PHONE: 47-24073120 MAIL ADDRESS: STREET 1: BANKPLASSEN 2 STREET 2: P.O BOX 1179 SENTRUM CITY: OSLO STATE: Q8 ZIP: 0107 FORMER COMPANY: FORMER CONFORMED NAME: Norges Bank DATE OF NAME CHANGE: 20060829 SC 13G/A 1 efc23-1231_formsc13ga.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------------------------------------------------------- SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Mobileye Global Inc. ---------------------------------------------- (Name of Issuer) Class A Common Stock ----------------------------------------------------- (Title of Class of Securities) 60741F104 --------------------- (CUSIP Number) December 31, 2023 ---------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Continued on following pages Page 1 of 5 Pages SCHEDULE 13G CUSIP No.: 60741F104 Page 2 of 5 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). NORGES BANK (THE CENTRAL BANK OF NORWAY) ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] N/A ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization NORWAY ................................................................................. Number of 5. Sole Voting Power 10,107,149 Shares Beneficially ................................................................ Owned by Each Reporting 6. Shared Voting Power 0 Person With ...............................................