Princeton Capital Management LLC Lowers Stock Position in MicroVision, Inc. (NASDAQ:MVIS)

Princeton Capital Management LLC reduced its stake in shares of MicroVision, Inc. (NASDAQ:MVIS) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,896 shares of the electronics maker’s stock after selling 3,290 shares during the period. Princeton Capital Management LLC’s holdings in MicroVision were worth $814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. RMR Wealth Builders bought a new stake in MicroVision during the 4th quarter valued at approximately $27,000. Compagnie Lombard Odier SCmA bought a new stake in MicroVision during the 1st quarter valued at approximately $93,000. Financial Advocates Investment Management bought a new stake in MicroVision during the 1st quarter valued at approximately $921,000. Jacobi Capital Management LLC bought a new stake in MicroVision during the 4th quarter valued at approximately $36,000. Finally, Advisory Services Network LLC raised its stake in MicroVision by 16.7% during the 4th quarter. Advisory Services Network LLC now owns 7,000 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 1,000 shares during the period. 18.48% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on MVIS. HC Wainwright reaffirmed a “neutral” rating on shares of MicroVision in a research note on Monday, March 15th. Zacks Investment Research downgraded MicroVision from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 18th.

NASDAQ:MVIS traded down $1.20 during trading hours on Friday, reaching $21.38. The stock had a trading volume of 197,384 shares, compared to its average volume of 22,736,680. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.51 and a quick ratio of 7.51. MicroVision, Inc. has a 52 week low of $1.00 and a 52 week high of $28.00. The company’s 50 day moving average price is $15.67. The company has a market capitalization of $3.38 billion, a PE ratio of -211.00 and a beta of 3.95.

MicroVision (NASDAQ:MVIS) last announced its earnings results on Thursday, April 29th. The electronics maker reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). The company had revenue of $0.48 million during the quarter, compared to analysts’ expectations of $0.75 million. MicroVision had a negative return on equity of 85.01% and a negative net margin of 711.00%. Sell-side analysts anticipate that MicroVision, Inc. will post -0.17 EPS for the current fiscal year.

About MicroVision

MicroVision, Inc develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems.

Featured Article: How accurate is the Rule of 72?

Want to see what other hedge funds are holding MVIS? Visit to get the latest 13F filings and insider trades for MicroVision, Inc. (NASDAQ:MVIS).

Institutional Ownership by Quarter for MicroVision (NASDAQ:MVIS)

Receive News & Ratings for MicroVision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroVision and related companies with's FREE daily email newsletter.