ProShare Advisors LLC Boosts Stock Holdings in MicroVision, Inc. (NASDAQ:MVIS)

ProShare Advisors LLC grew its stake in shares of MicroVision, Inc. (NASDAQ:MVIS) by 62.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 155,267 shares of the electronics maker’s stock after buying an additional 59,977 shares during the period. ProShare Advisors LLC owned 0.08% of MicroVision worth $165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farmers Trust Co. grew its position in MicroVision by 14.7% during the first quarter. Farmers Trust Co. now owns 155,800 shares of the electronics maker’s stock valued at $287,000 after acquiring an additional 20,000 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of MicroVision by 63.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,463,069 shares of the electronics maker’s stock worth $6,372,000 after purchasing an additional 1,344,239 shares during the period. Vanguard Group Inc. increased its position in MicroVision by 5.4% during 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. BNP Paribas Financial Markets raised its holdings in MicroVision by 19.1% in the first quarter. BNP Paribas Financial Markets now owns 194,777 shares of the electronics maker’s stock valued at $358,000 after buying an additional 31,211 shares during the period. Finally, SG Americas Securities LLC lifted its position in MicroVision by 89.2% during the second quarter. SG Americas Securities LLC now owns 75,159 shares of the electronics maker’s stock valued at $80,000 after buying an additional 35,442 shares in the last quarter. 30.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MVIS. Cantor Fitzgerald reissued a “neutral” rating and issued a $3.00 price objective on shares of MicroVision in a research report on Monday, July 22nd. Westpark Capital reiterated a “hold” rating on shares of MicroVision in a report on Wednesday, August 7th.

MicroVision Stock Up 4.3 %

NASDAQ MVIS opened at $1.20 on Friday. 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 $1.00 and a two-hundred day moving average price of $1.20. The stock has a market cap of $247.99 million, a PE ratio of -2.55 and a beta of 3.03.

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

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.