BSW Wealth Partners Purchases 100,000 Shares of MicroVision, Inc. (NASDAQ:MVIS)

BSW Wealth Partners lifted its position in MicroVision, Inc. (NASDAQ:MVIS) by 33.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,000 shares of the electronics maker’s stock after purchasing an additional 100,000 shares during the quarter. BSW Wealth Partners owned about 0.19% of MicroVision worth $456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in MicroVision by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 14,474,551 shares of the electronics maker’s stock worth $26,633,000 after purchasing an additional 741,913 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in MicroVision by 63.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,463,069 shares of the electronics maker’s stock valued at $6,372,000 after buying an additional 1,344,239 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in MicroVision by 17.9% during the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock worth $818,000 after purchasing an additional 117,035 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of MicroVision by 16.8% during the second quarter. Rhumbline Advisers now owns 296,302 shares of the electronics maker’s stock worth $314,000 after purchasing an additional 42,704 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of MicroVision by 19.1% during the first quarter. BNP Paribas Financial Markets now owns 194,777 shares of the electronics maker’s stock worth $358,000 after acquiring an additional 31,211 shares during the last quarter. 30.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Westpark Capital reissued a “hold” rating on shares of MicroVision in a report on Wednesday, August 7th. Cantor Fitzgerald restated a “neutral” rating and set a $3.00 target price on shares of MicroVision in a research report on Monday, July 22nd.

MicroVision Stock Up 1.0 %

Shares of MicroVision stock opened at $1.02 on Monday. MicroVision, Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $2.98. The business has a 50-day moving average price of $1.09 and a 200 day moving average price of $1.13. The firm has a market cap of $221.27 million, a P/E ratio of -2.22 and a beta of 3.04.

MicroVision (NASDAQ:MVIS) last released its earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share for the quarter. MicroVision had a negative return on equity of 101.97% and a negative net margin of 1,037.86%. The firm had revenue of $1.90 million during the quarter. As a group, equities research analysts anticipate that MicroVision, Inc. will post -0.49 earnings per share for the current year.

About MicroVision

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.