Mirae Asset Global Investments Co. Ltd. Sells 205,167 Shares of MicroVision, Inc. (NASDAQ:MVIS)

Mirae Asset Global Investments Co. Ltd. cut its holdings in MicroVision, Inc. (NASDAQ:MVIS) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,118,830 shares of the electronics maker’s stock after selling 205,167 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in MicroVision were worth $5,636,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MVIS. Renaissance Technologies LLC bought a new position in MicroVision in the first quarter worth approximately $7,079,000. Norges Bank bought a new position in MicroVision in the fourth quarter worth approximately $3,002,000. BlackRock Inc. raised its position in MicroVision by 9.3% in the second quarter. BlackRock Inc. now owns 14,518,499 shares of the electronics maker’s stock worth $66,495,000 after acquiring an additional 1,240,618 shares during the period. State Street Corp increased its stake in shares of MicroVision by 19.3% in the second quarter. State Street Corp now owns 5,906,096 shares of the electronics maker’s stock worth $27,050,000 after purchasing an additional 953,735 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new stake in shares of MicroVision in the second quarter worth $3,288,000. 30.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reissued a “neutral” rating and issued a $3.00 price objective on shares of MicroVision in a research note on Friday, March 1st.

MicroVision Price Performance

Shares of NASDAQ MVIS opened at $1.60 on Monday. The firm has a fifty day moving average price of $2.06 and a 200-day moving average price of $2.24. The stock has a market cap of $312.43 million, a PE ratio of -3.56 and a beta of 3.00. MicroVision, Inc. has a 1 year low of $1.60 and a 1 year high of $8.20.

MicroVision (NASDAQ:MVIS) last announced its quarterly earnings data on Wednesday, February 28th. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $5.10 million during the quarter. MicroVision had a negative return on equity of 84.29% and a negative net margin of 1,141.23%. On average, research analysts expect that MicroVision, Inc. will post -0.49 EPS for the current year.

MicroVision Company Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.