Voya Investment Management LLC Reduces Stake in Microvision, Inc. $MVIS

Voya Investment Management LLC trimmed its stake in shares of Microvision, Inc. (NASDAQ:MVIS) by 15.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,981 shares of the electronics maker’s stock after selling 10,193 shares during the period. Voya Investment Management LLC’s holdings in Microvision were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth acquired a new stake in Microvision in the first quarter valued at approximately $32,000. NewEdge Advisors LLC acquired a new stake in Microvision in the first quarter valued at approximately $56,000. GMT Capital Corp acquired a new stake in Microvision in the first quarter valued at approximately $1,293,000. MYDA Advisors LLC acquired a new stake in Microvision in the first quarter valued at approximately $296,000. Finally, MetLife Investment Management LLC grew its holdings in Microvision by 31.4% in the first quarter. MetLife Investment Management LLC now owns 103,833 shares of the electronics maker’s stock valued at $129,000 after purchasing an additional 24,835 shares during the period. 30.90% of the stock is owned by institutional investors and hedge funds.

Microvision Stock Performance

Shares of Microvision stock opened at $1.28 on Thursday. Microvision, Inc. has a one year low of $0.80 and a one year high of $1.95. The company has a market cap of $385.23 million, a price-to-earnings ratio of -3.28 and a beta of 1.71. The business’s 50 day moving average price is $1.16 and its 200 day moving average price is $1.19.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, August 7th. The electronics maker reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). Microvision had a negative return on equity of 146.46% and a negative net margin of 3,470.59%.The firm had revenue of $0.20 million for the quarter, compared to the consensus estimate of $0.60 million.

Analyst Upgrades and Downgrades

Several analysts have commented on MVIS shares. Wall Street Zen raised Microvision from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. D. Boral Capital restated a “buy” rating and issued a $3.00 target price on shares of Microvision in a research report on Tuesday, September 2nd. Finally, Westpark Capital restated a “buy” rating and issued a $2.00 target price on shares of Microvision in a research report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $2.50.

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.