QSM Asset Management Initiates Stake in Mobileye Amid Valuation Lows

QSM Asset Management Ltd has entered a new position in Mobileye Global Inc. (MBLY), according to a recent SEC filing dated April 15, 2026. The fund acquired 611,003 shares during the first quarter of the year. The transaction had an estimated value of $5.54 million based on quarterly average pricing, though the position was valued at $4.13 million by the end of the quarter. This investment represents approximately 2.02% of QSM's reportable assets under management (AUM), placing it outside the fund's top five holdings. Mobileye, a leader in Advanced Driver Assistance Systems (ADAS) and autonomous driving, has faced significant headwinds, with its stock price declining more than 80% from its all-time high. Despite these losses, the company remains a critical supplier in the automotive chain, leveraging proprietary vision and mapping technologies to enable next-generation vehicle safety. The entry by QSM suggests a bullish outlook on the stock's recovery potential. With a forward P/E ratio estimated at 30, the investment indicates a belief that the company will return to profitability. Mobileye continues to operate in a highly competitive landscape alongside major autonomous driving players such as Tesla and Alphabet’s Waymo.