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.

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Institutional Ownership by Quarter for MicroVision (NASDAQ:MVIS)

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