Renaissance Technologies LLC Purchases New Shares in MicroVision, Inc. (NASDAQ:MVIS)

Renaissance Technologies LLC purchased a new position in shares of MicroVision, Inc. (NASDAQ:MVIS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,350,723 shares of the electronics maker's stock, valued at approximately $1,769,000. Renaissance Technologies LLC owned about 0.62% of MicroVision as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cibc World Markets Corp purchased a new position in MicroVision in the 4th quarter worth $26,000. Caitlin John LLC purchased a new position in shares of MicroVision in the fourth quarter worth about $26,000. Warwick Investment Management Inc. bought a new stake in shares of MicroVision in the 4th quarter valued at about $37,000. Synergy Asset Management LLC boosted its holdings in MicroVision by 140.4% during the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker's stock valued at $38,000 after acquiring an additional 17,669 shares during the period. Finally, Headlands Technologies LLC grew its position in MicroVision by 226.6% during the 4th quarter. Headlands Technologies LLC now owns 43,761 shares of the electronics maker's stock worth $57,000 after acquiring an additional 30,362 shares during the last quarter. 30.90% of the stock is currently owned by hedge funds and other institutional investors.

MicroVision Trading Up 4.1 %

Shares of MVIS stock traded up $0.05 during trading hours on Friday, reaching $1.14. The company's stock had a trading volume of 589,130 shares, compared to its average volume of 3,972,064. MicroVision, Inc. has a one year low of $0.80 and a one year high of $1.95. The stock has a market capitalization of $278.98 million, a P/E ratio of -2.77 and a beta of 2.60. The firm's fifty day simple moving average is $1.24 and its 200 day simple moving average is $1.21.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on MVIS shares. Westpark Capital reiterated a "buy" rating and issued a $2.00 price objective on shares of MicroVision in a research report on Tuesday, March 25th. StockNews.com upgraded shares of MicroVision to a "sell" rating in a report on Thursday, April 24th. Finally, D. Boral Capital reissued a "buy" rating and set a $3.00 price target on shares of MicroVision in a research report on Tuesday, March 25th.

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.