Deutsche Bank AG Increases Stake in MicroVision, Inc. (NASDAQ:MVIS)

Deutsche Bank AG boosted its stake in shares of MicroVision, Inc. (NASDAQ:MVIS) by 35.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,576 shares of the electronics maker’s stock after acquiring an additional 40,142 shares during the quarter. Deutsche Bank AG owned 0.07% of MicroVision worth $202,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. raised its position in MicroVision by 8.7% during the fourth quarter. Invesco Ltd. now owns 110,457 shares of the electronics maker’s stock valued at $145,000 after acquiring an additional 8,813 shares in the last quarter. Lakeside Advisors INC. raised its position in MicroVision by 19.4% during the fourth quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker’s stock valued at $81,000 after acquiring an additional 10,000 shares in the last quarter. Tower Research Capital LLC TRC raised its position in MicroVision by 226.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 15,861 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in MicroVision by 4.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 451,837 shares of the electronics maker’s stock valued at $592,000 after acquiring an additional 18,130 shares in the last quarter. Finally, Virtu Financial LLC raised its position in MicroVision by 30.5% during the fourth quarter. Virtu Financial LLC now owns 82,524 shares of the electronics maker’s stock valued at $108,000 after acquiring an additional 19,278 shares in the last quarter. 30.90% of the stock is currently owned by hedge funds and other institutional investors.

MicroVision Trading Up 0.9%

Shares of MVIS opened at $1.11 on Tuesday. The stock’s 50 day moving average is $1.16 and its two-hundred day moving average is $1.22. The firm has a market cap of $276.68 million, a P/E ratio of -2.71 and a beta of 2.04. MicroVision, Inc. has a 12 month low of $0.80 and a 12 month high of $1.95.

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 firm had revenue of $0.59 million for the quarter, compared to analysts’ expectations of $2.25 million.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MVIS. Wall Street Zen raised MicroVision to a “sell” rating in a report on Wednesday, May 21st. D. Boral Capital reissued a “buy” rating and issued a $2.50 price objective on shares of MicroVision in a report on Wednesday, May 21st. Finally, Westpark Capital reissued a “buy” rating and issued a $2.00 price objective on shares of MicroVision in a report on Tuesday, March 25th.

MicroVision 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.