Northern Trust Corp Purchases 91,930 Shares of MicroVision, Inc. (NASDAQ:MVIS)

Northern Trust Corp boosted its position in shares of MicroVision, Inc. (NASDAQ:MVIS) by 5.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,829,877 shares of the electronics maker’s stock after purchasing an additional 91,930 shares during the period. Northern Trust Corp owned about 0.84% of MicroVision worth $2,397,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in MicroVision by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 15,900,661 shares of the electronics maker’s stock valued at $20,830,000 after purchasing an additional 297,166 shares during the last quarter. Geode Capital Management LLC lifted its holdings in MicroVision by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,106,576 shares of the electronics maker’s stock valued at $6,691,000 after purchasing an additional 106,984 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in MicroVision by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,832,066 shares of the electronics maker’s stock valued at $2,400,000 after purchasing an additional 134,479 shares during the last quarter. Renaissance Technologies LLC bought a new position in MicroVision during the 4th quarter valued at about $1,769,000. Finally, JPMorgan Chase & Co. lifted its holdings in MicroVision by 686.5% during the 4th quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker’s stock valued at $928,000 after purchasing an additional 618,429 shares during the last quarter. 30.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. D. Boral Capital reaffirmed a “buy” rating and issued a $2.50 target price on shares of MicroVision in a research note on Wednesday. Westpark Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of MicroVision in a research note on Tuesday, March 25th. Finally, Wall Street Zen raised shares of MicroVision to a “sell” rating in a research note on Wednesday.

MicroVision Price Performance

Shares of NASDAQ:MVIS opened at $1.07 on Friday. MicroVision, Inc. has a one year low of $0.80 and a one year high of $1.95. The company has a 50 day moving average of $1.20 and a 200-day moving average of $1.21. The stock has a market cap of $266.71 million, a price-to-earnings ratio of -2.61 and a beta of 2.04.

MicroVision (NASDAQ:MVIS) last issued its quarterly earnings results on Monday, May 12th. The electronics maker reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The business had revenue of $0.59 million for the quarter, compared to analyst estimates of $2.25 million.

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.