T. Rowe Price Boosts Mobileye Stake to 9.4%

TL;DR

**T. Rowe Price now owns 9.4% of Mobileye, a significant institutional stake.**

AI Summary

T. Rowe Price Investment Management, Inc. filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in Mobileye Global Inc. (MBLY) as of December 31, 2023. The filing shows T. Rowe Price beneficially owns 8,928,746 shares of Mobileye's common stock, representing 9.4% of the class. This is an update to their previous holdings and indicates a significant institutional stake in the autonomous driving technology company, which could influence stock stability and investor confidence.

Why It Matters

This filing reveals a major institutional investor's updated position, signaling their continued confidence (or lack thereof) in Mobileye's future, which can influence other investors' perceptions and the stock's performance.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investor's position, which generally adds stability rather than risk.

Analyst Insight

Investors should note T. Rowe Price's substantial 9.4% stake in Mobileye, as large institutional holdings can indicate long-term confidence and potentially reduce stock volatility. Monitor future filings for changes in this position.

Key Numbers

• 8,928,746 — Shares Beneficially Owned (This is the total number of Mobileye shares T. Rowe Price can control.)
• 9.4% — Percent of Class (This represents a significant portion of Mobileye's outstanding shares held by one institution.)

Key Players & Entities

• T. Rowe Price Investment Management, Inc. (company) — the reporting person and institutional investor
• Mobileye Global Inc. (company) — the issuer whose shares are being reported
• 8,928,746 (dollar_amount) — aggregate shares beneficially owned by T. Rowe Price
• 9.4% (dollar_amount) — percentage of Mobileye's class of securities owned by T. Rowe Price
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• T. Rowe Price will maintain a significant stake in Mobileye Global Inc. throughout 2024. (T. Rowe Price Investment Management, Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0001897612-24-001117.txt : 20240212 0001897612-24-001117.hdr.sgml : 20240212 20240212095739 ACCESSION NUMBER: 0001897612-24-001117 CONFORMED SUBMISSION TYPE: SC 13G/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 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 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: T. Rowe Price Investment Management, Inc. CENTRAL INDEX KEY: 0001897612 ORGANIZATION NAME: IRS NUMBER: 854328500 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 000-000-0000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 SC 13G/A 1 mbly13gadec23.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) MOBILEYE GLOBAL INC-A (Name of Issuer) COMMON STOCK (Title of Class of Securities) 60741F104 (CUSIP NUMBER) December 31, 2023 (Date of Event which Requires Filing of 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) 1. Name of Reporting Person T. Rowe Price Investment Management, Inc. 85-4328500 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 2,543,679 6. Shared Voting Power* 0 7. Sole Dispositive Power* 8,928,746 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 8,928,746 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 9.4% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: MOBILEYE GLOBAL INC-A Item 1(b) Address of Issuer's Principal Executive Offices: HAR HOTZVIM, 13 HARTOM STREET, P.O. BOX 45157, JERUSALEM, ISRAEL 97775 Item 2(a) Name of Person(s) Filing: (1) T. Rowe Price Investment Management, Inc. (Price Investment Management) Item 2(b) Address of Principal Business Office: 101 E. Pratt Street, Baltimore, MD 21201 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 60741F104 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class Not Applicable Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Investment Management does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the