JPMorgan Chase & Co. Purchases 618,429 Shares of MicroVision, Inc. (NASDAQ:MVIS)

JPMorgan Chase & Co. lifted its stake in shares of MicroVision, Inc. (NASDAQ:MVIS - Free Report) by 686.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 708,518 shares of the electronics maker's stock after acquiring an additional 618,429 shares during the quarter. JPMorgan Chase & Co. owned 0.32% of MicroVision worth $928,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lakeside Advisors INC. grew its position in MicroVision by 19.4% during the 4th quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker's stock worth $81,000 after purchasing an additional 10,000 shares in the last quarter. Synergy Asset Management LLC grew its holdings in shares of MicroVision by 140.4% during the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker's stock valued at $38,000 after buying an additional 17,669 shares in the last quarter. Virtu Financial LLC raised its position in MicroVision by 30.5% during the fourth quarter. Virtu Financial LLC now owns 82,524 shares of the electronics maker's stock valued at $108,000 after buying an additional 19,278 shares during the period. Cibc World Markets Corp acquired a new position in MicroVision during the fourth quarter valued at $26,000. Finally, Caitlin John LLC purchased a new stake in MicroVision in the 4th quarter worth about $26,000. Institutional investors and hedge funds own 30.90% of the company's stock.

MicroVision Price Performance

MVIS stock traded up $0.01 on Friday, reaching $1.10. 2,137,959 shares of the company were exchanged, compared to its average volume of 3,997,027. MicroVision, Inc. has a 12 month low of $0.80 and a 12 month high of $1.95. The firm has a market capitalization of $270.37 million, a PE ratio of -2.68 and a beta of 2.60. The stock's fifty day moving average price is $1.23 and its 200 day moving average price is $1.21.

MicroVision (NASDAQ:MVIS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) earnings per share 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 analyst estimates of $3.25 million.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MVIS. StockNews.com raised shares of MicroVision to a "sell" rating in a research report on Thursday, April 24th. Westpark Capital reissued a "buy" rating and set a $2.00 target price on shares of MicroVision in a research report on Tuesday, March 25th. Finally, D. Boral Capital reaffirmed a "buy" rating and issued a $3.00 price target on shares of MicroVision in a research report on Tuesday, March 25th.

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.