Vanguard Group Inc. Increases Stock Holdings in MicroVision, Inc. (NASDAQ:MVIS)

Vanguard Group Inc. boosted its stake in shares of MicroVision, Inc. (NASDAQ:MVIS) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,900,661 shares of the electronics maker’s stock after buying an additional 297,166 shares during the period. Vanguard Group Inc. owned approximately 7.26% of MicroVision worth $20,830,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Caitlin John LLC bought a new stake in shares of MicroVision during the fourth quarter worth $26,000. Cibc World Markets Corp bought a new stake in MicroVision during the 4th quarter valued at about $26,000. Warwick Investment Management Inc. purchased a new stake in MicroVision in the 4th quarter valued at about $37,000. Synergy Asset Management LLC grew its stake in MicroVision by 140.4% in the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 17,669 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in shares of MicroVision during the fourth quarter worth approximately $66,000. 30.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MVIS has been the subject of several research reports. Westpark Capital reaffirmed a “buy” rating and issued a $2.00 price target on shares of MicroVision in a research report on Tuesday, March 25th. D. Boral Capital reiterated a “buy” rating and set a $3.00 price objective on shares of MicroVision in a research note on Tuesday, March 25th. Finally, StockNews.com raised shares of MicroVision to a “sell” rating in a research report on Monday, March 10th.

MicroVision Stock Down 3.3 %

Shares of NASDAQ MVIS opened at $1.19 on Wednesday. The firm has a market cap of $291.56 million, a price-to-earnings ratio of -2.90 and a beta of 2.60. The company’s 50-day simple moving average is $1.31 and its 200-day simple moving average is $1.21. MicroVision, Inc. has a 52-week low of $0.80 and a 52-week high of $1.95.

MicroVision (NASDAQ:MVIS) last issued its earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04). The business had revenue of $1.65 million during the quarter, compared to analyst estimates of $3.25 million. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%.

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.