25,404 Shares in MicroVision, Inc. (NASDAQ:MVIS) Bought by Sei Investments Co.

Sei Investments Co. bought a new position in shares of MicroVision, Inc. (NASDAQ:MVIS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,404 shares of the electronics maker’s stock, valued at approximately $27,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Farmers Trust Co. increased its holdings in MicroVision by 14.7% during 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 during the last quarter. Thoroughbred Financial Services LLC boosted its position in MicroVision by 29.1% during the second quarter. Thoroughbred Financial Services LLC now owns 88,670 shares of the electronics maker’s stock worth $93,000 after purchasing an additional 20,000 shares during the period. Alpine Global Management LLC acquired a new position in shares of MicroVision in the first quarter valued at $39,000. Hsbc Holdings PLC increased its holdings in shares of MicroVision by 158.3% in the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock valued at $41,000 after purchasing an additional 24,006 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of MicroVision in the second quarter valued at $32,000. 30.90% of the stock is currently owned by institutional investors and hedge funds.

MicroVision Stock Performance

MVIS stock opened at $1.29 on Friday. The company’s 50-day simple moving average is $1.03 and its 200 day simple moving average is $1.19. MicroVision, Inc. has a 52 week low of $0.83 and a 52 week high of $2.98. The company has a market capitalization of $266.59 million, a PE ratio of -2.74 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) EPS for the quarter. MicroVision had a negative net margin of 1,037.86% and a negative return on equity of 101.97%. The business had revenue of $1.90 million during the quarter. On average, analysts forecast that MicroVision, Inc. will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.