Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in shares of MicroVision, Inc. (NASDAQ:MVIS - Free Report) by 75.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 975,232 shares of the electronics maker's stock after selling 2,963,913 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.45% of MicroVision worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Caitlin John LLC acquired a new stake in shares of MicroVision during the 4th quarter worth approximately $26,000. Cibc World Markets Corp acquired a new stake in MicroVision during the 4th quarter worth $26,000. Warwick Investment Management Inc. bought a new stake in shares of MicroVision during the 4th quarter valued at $37,000. Synergy Asset Management LLC lifted its stake in shares of MicroVision by 140.4% in the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker's stock valued at $38,000 after purchasing an additional 17,669 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of MicroVision in the 3rd quarter valued at $56,000. 30.90% of the stock is currently owned by institutional investors and hedge funds.
MicroVision Stock Performance
NASDAQ:MVIS traded up $0.01 on Monday, reaching $1.18. The company's stock had a trading volume of 4,567,630 shares, compared to its average volume of 3,858,229. The firm has a market cap of $289.11 million, a PE ratio of -2.88 and a beta of 2.60. The business's 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.21. MicroVision, Inc. has a 1-year low of $0.80 and a 1-year high of $1.95.
MicroVision (NASDAQ:MVIS - Get Free Report) last posted its earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.04). MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The business had revenue of $1.65 million for the quarter, compared to the consensus estimate of $3.25 million.
Analyst Ratings Changes
MVIS has been the subject of a number of recent analyst reports. StockNews.com upgraded MicroVision to a "sell" rating in a report on Monday, March 10th. D. Boral Capital reiterated a "buy" rating and issued a $3.00 price target on shares of MicroVision in a research report on Tuesday, March 25th. Finally, Westpark Capital reissued a "buy" rating and set a $2.00 price objective on shares of MicroVision in a research note on Tuesday, March 25th.
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MicroVision Company 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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