Mercer Global Advisors Inc. ADV acquired a new stake in MicroVision, Inc. (NASDAQ:MVIS - Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 73,142 shares of the electronics maker's stock, valued at approximately $172,000.
A number of other institutional investors have also modified their holdings of MVIS. JPMorgan Chase & Co. grew its stake in shares of MicroVision by 173.5% in the first quarter. JPMorgan Chase & Co. now owns 754,113 shares of the electronics maker's stock valued at $3,521,000 after buying an additional 478,420 shares in the last quarter. Raymond James & Associates acquired a new position in MicroVision during the 1st quarter worth $56,000. Cetera Advisor Networks LLC grew its stake in MicroVision by 145.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 38,763 shares of the electronics maker's stock worth $181,000 after purchasing an additional 23,000 shares in the last quarter. Private Advisor Group LLC grew its stake in MicroVision by 82.4% during the 1st quarter. Private Advisor Group LLC now owns 46,464 shares of the electronics maker's stock worth $217,000 after purchasing an additional 20,984 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in MicroVision by 83.1% during the 1st quarter. MetLife Investment Management LLC now owns 78,610 shares of the electronics maker's stock worth $367,000 after purchasing an additional 35,677 shares in the last quarter. 29.12% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Cantor Fitzgerald lowered their target price on MicroVision from $5.00 to $4.00 in a research note on Thursday, May 11th.
MicroVision Price Performance
Shares of NASDAQ MVIS opened at $4.05 on Friday. The company has a market capitalization of $714.91 million, a price-to-earnings ratio of -11.57 and a beta of 3.20. The business has a 50-day moving average of $2.51 and a two-hundred day moving average of $2.62. MicroVision, Inc. has a 1 year low of $1.82 and a 1 year high of $5.96.
MicroVision (NASDAQ:MVIS - Get Rating) last announced its quarterly earnings results on Tuesday, May 9th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.11). The business had revenue of $0.78 million for the quarter. During the same period last year, the business earned ($0.08) earnings per share. As a group, equities research analysts expect that MicroVision, Inc. will post -0.37 earnings per share for the current year.
MicroVision, Inc engages in the development of laser beam scanning technology. It integrates micro-electrical mechanical systems (MEMS), lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. It uses its technology to develop automotive lidar sensors and provide solutions for advanced driver-assisted systems (ADAS).
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