Microvision (NASDAQ:MVIS) Given "Buy" Rating at D. Boral Capital

Key Points

• Microvision's stock received a "buy" rating from D. Boral Capital, with a target price set at $2.50, indicating a potential upside of 127.27% from its current price.
• Despite the positive rating from D. Boral Capital, Wall Street Zen recently downgraded Microvision to a "sell" rating.
• In the second quarter, various institutional investors significantly increased their stakes in Microvision, including a notable 312.1% boost from Mitsubishi UFJ Asset Management Co. Ltd.

D. Boral Capital reissued their buy rating on shares of Microvision (NASDAQ:MVIS - Free Report) in a research note published on Monday morning,Benzinga reports. The firm currently has a $2.50 price target on the electronics maker's stock.

Separately, Wall Street Zen raised shares of Microvision to a "sell" rating in a report on Wednesday, May 21st.

Microvision Stock Performance

Shares of MVIS stock traded down $0.02 during mid-day trading on Monday, reaching $1.13. The company's stock had a trading volume of 1,870,738 shares, compared to its average volume of 6,506,706. Microvision has a 1-year low of $0.80 and a 1-year high of $1.95. The company has a market cap of $338.58 million, a P/E ratio of -2.88 and a beta of 1.43. The firm's 50-day moving average is $1.20 and its two-hundred day moving average is $1.24.

Microvision (NASDAQ:MVIS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.06). The company had revenue of $0.20 million during the quarter, compared to analysts' expectations of $0.60 million. Microvision had a negative net margin of 3,470.59% and a negative return on equity of 146.46%.

Hedge Funds Weigh In On Microvision

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Microvision by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 16,743,519 shares of the electronics maker's stock valued at $20,762,000 after purchasing an additional 842,858 shares during the last quarter. Geode Capital Management LLC increased its position in Microvision by 7.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,994,533 shares of the electronics maker's stock valued at $6,835,000 after acquiring an additional 431,046 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Microvision by 312.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker's stock valued at $4,287,000 after acquiring an additional 2,848,292 shares in the last quarter. MCF Advisors LLC increased its position in Microvision by 0.8% in the 2nd quarter. MCF Advisors LLC now owns 1,866,419 shares of the electronics maker's stock valued at $2,128,000 after acquiring an additional 14,759 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Microvision by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,854,528 shares of the electronics maker's stock valued at $2,300,000 after acquiring an additional 22,462 shares in the last quarter. 30.90% of the stock is owned by institutional investors.

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.