Geode Capital Management LLC raised its position in MicroVision, Inc. (NASDAQ:MVIS - Free Report) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,999,592 shares of the electronics maker's stock after buying an additional 363,292 shares during the quarter. Geode Capital Management LLC owned 2.28% of MicroVision worth $5,700,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new stake in shares of MicroVision in the 2nd quarter valued at approximately $27,000. Aaron Wealth Advisors LLC bought a new position in MicroVision in the 3rd quarter valued at approximately $31,000. XTX Topco Ltd acquired a new stake in MicroVision in the second quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC bought a new stake in shares of MicroVision during the third quarter worth $40,000. Finally, Hsbc Holdings PLC increased its holdings in shares of MicroVision by 158.3% during the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker's stock worth $41,000 after buying an additional 24,006 shares in the last quarter. Institutional investors own 30.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on MVIS shares. StockNews.com upgraded MicroVision to a "sell" rating in a research report on Friday, December 20th. Westpark Capital began coverage on MicroVision in a research note on Thursday, December 19th. They set a "buy" rating and a $1.30 price target on the stock.
Check Out Our Latest Analysis on MVIS
MicroVision Stock Up 10.3 %
Shares of MVIS stock traded up $0.14 during trading hours on Friday, hitting $1.50. 8,198,065 shares of the company's stock traded hands, compared to its average volume of 8,081,883. The stock has a market cap of $328.53 million, a PE ratio of -3.66 and a beta of 2.87. The stock's 50 day simple moving average is $1.02 and its 200 day simple moving average is $1.05. MicroVision, Inc. has a 12 month low of $0.80 and a 12 month high of $2.80.
MicroVision Profile
(
Free Report)
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.
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