Millennium Management LLC Boosts Stake in MicroVision, Inc. (NASDAQ:MVIS)

Millennium Management LLC grew its position in shares of MicroVision, Inc. (NASDAQ:MVIS - Free Report) by 10,387.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125,670 shares of the electronics maker's stock after purchasing an additional 1,114,936 shares during the period. Millennium Management LLC owned approximately 0.51% of MicroVision worth $1,475,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. grew its position in shares of MicroVision by 8.7% during the 4th quarter. Invesco Ltd. now owns 110,457 shares of the electronics maker's stock valued at $145,000 after purchasing an additional 8,813 shares in the last quarter. Lakeside Advisors INC. grew its position in MicroVision by 19.4% in the fourth quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker's stock worth $81,000 after acquiring an additional 10,000 shares in the last quarter. Tower Research Capital LLC TRC grew its position in MicroVision by 226.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker's stock worth $30,000 after acquiring an additional 15,861 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in MicroVision by 4.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 451,837 shares of the electronics maker's stock worth $592,000 after acquiring an additional 18,130 shares in the last quarter. Finally, Virtu Financial LLC grew its position in MicroVision by 30.5% in the fourth quarter. Virtu Financial LLC now owns 82,524 shares of the electronics maker's stock worth $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.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MVIS shares. Westpark Capital reiterated a "buy" rating and issued a $2.00 target price on shares of MicroVision in a research report on Tuesday, March 25th. D. Boral Capital reiterated a "buy" rating and issued a $2.50 target price on shares of MicroVision in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of MicroVision to a "sell" rating in a research report on Wednesday, May 21st.

MicroVision Price Performance

MicroVision stock traded up $0.04 during mid-day trading on Friday, hitting $1.14. The company's stock had a trading volume of 3,780,790 shares, compared to its average volume of 4,129,842. The stock has a market cap of $284.16 million, a price-to-earnings ratio of -2.78 and a beta of 1.60. The business has a 50 day moving average price of $1.15 and a 200-day moving average price of $1.22. MicroVision, Inc. has a 12 month low of $0.80 and a 12 month high of $1.95.

MicroVision (NASDAQ:MVIS - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The electronics maker reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $0.59 million during the quarter, compared to the consensus estimate of $2.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

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.