Vanguard Group Inc. Raises Position in MicroVision, Inc. (NASDAQ:MVIS)

Vanguard Group Inc. raised its holdings in shares of MicroVision, Inc. (NASDAQ:MVIS - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,900,661 shares of the electronics maker's stock after buying an additional 297,166 shares during the period. Vanguard Group Inc. owned about 7.26% of MicroVision worth $20,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Virtu Financial LLC grew its position in MicroVision by 30.5% in the 4th 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 during the last quarter. Cibc World Markets Corp purchased a new position in MicroVision during the fourth quarter valued at approximately $26,000. Warwick Investment Management Inc. purchased a new stake in shares of MicroVision during the 4th quarter worth $37,000. Raymond James Financial Inc. bought a new stake in shares of MicroVision in the 4th quarter valued at about $229,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in MicroVision by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,832,066 shares of the electronics maker's stock worth $2,400,000 after purchasing an additional 134,479 shares during the last quarter. Institutional investors own 30.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. D. Boral Capital reissued a "buy" rating and issued a $3.00 price target on shares of MicroVision in a report on Tuesday, March 25th. StockNews.com raised shares of MicroVision to a "sell" rating in a research report on Monday, March 10th. Finally, Westpark Capital reiterated a "buy" rating and set a $2.00 price objective on shares of MicroVision in a research note on Tuesday, March 25th.

MicroVision Price Performance

MVIS stock traded down $0.02 during midday trading on Friday, hitting $1.17. 1,829,162 shares of the stock traded hands, compared to its average volume of 3,924,414. MicroVision, Inc. has a 1-year low of $0.80 and a 1-year high of $1.95. The stock's fifty day simple moving average is $1.29 and its 200-day simple moving average is $1.21. The firm has a market cap of $286.66 million, a P/E ratio of -2.85 and a beta of 2.60.

MicroVision (NASDAQ:MVIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.04). The business had revenue of $1.65 million during the quarter, compared to analysts' expectations of $3.25 million. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%.

About MicroVision

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.