Rhumbline Advisers Buys 42,704 Shares of MicroVision, Inc. (NASDAQ:MVIS)

Rhumbline Advisers increased its holdings in shares of MicroVision, Inc. (NASDAQ:MVIS) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 296,302 shares of the electronics maker’s stock after purchasing an additional 42,704 shares during the quarter. Rhumbline Advisers owned 0.14% of MicroVision worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MVIS. Farmers Trust Co. increased its position in MicroVision by 14.7% in the first quarter. Farmers Trust Co. now owns 155,800 shares of the electronics maker’s stock worth $287,000 after buying an additional 20,000 shares in the last quarter. Alpine Global Management LLC bought a new stake in MicroVision during the 1st quarter valued at approximately $39,000. Thoroughbred Financial Services LLC raised its stake in MicroVision by 74.4% during the 1st quarter. Thoroughbred Financial Services LLC now owns 68,670 shares of the electronics maker’s stock valued at $126,000 after purchasing an additional 29,285 shares during the period. BNP Paribas Financial Markets raised its stake in MicroVision by 19.1% during the 1st quarter. BNP Paribas Financial Markets now owns 194,777 shares of the electronics maker’s stock valued at $358,000 after purchasing an additional 31,211 shares during the period. Finally, SG Americas Securities LLC raised its stake in MicroVision by 89.2% during the 2nd quarter. SG Americas Securities LLC now owns 75,159 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 35,442 shares during the period. 30.90% of the stock is owned by institutional investors.

MicroVision Stock Down 3.3 %

MVIS opened at $1.16 on Friday. The business has a fifty day moving average of $1.00 and a 200 day moving average of $1.25. The stock has a market cap of $239.73 million, a P/E ratio of -2.47 and a beta of 3.02. MicroVision, Inc. has a 52-week low of $0.83 and a 52-week high of $2.98.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Westpark Capital reaffirmed a “hold” rating on shares of MicroVision in a research note on Wednesday, August 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3.00 price objective on shares of MicroVision in a research note on Monday, July 22nd.

MicroVision Company 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.