Geode Capital Management LLC Buys 363,292 Shares of MicroVision, Inc. (NASDAQ:MVIS)

Geode Capital Management LLC grew its stake in shares of MicroVision, Inc. (NASDAQ:MVIS) by 7.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,999,592 shares of the electronics maker’s stock after acquiring an additional 363,292 shares during the period. Geode Capital Management LLC owned about 2.28% of MicroVision worth $5,700,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Barclays PLC raised its position in MicroVision by 302.0% during the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock valued at $322,000 after purchasing an additional 212,365 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $818,000 after buying an additional 117,035 shares during the period. BSW Wealth Partners raised its holdings in shares of MicroVision by 33.3% in the third quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock valued at $456,000 after acquiring an additional 100,000 shares in the last quarter. XTX Topco Ltd lifted its stake in MicroVision by 319.0% in the third quarter. XTX Topco Ltd now owns 125,579 shares of the electronics maker’s stock worth $143,000 after acquiring an additional 95,605 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in MicroVision by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after acquiring an additional 65,712 shares in the last quarter. Hedge funds and other institutional investors own 30.90% of the company’s stock.

MicroVision Stock Up 10.3 %

NASDAQ MVIS opened at $1.50 on Friday. MicroVision, Inc. has a 52 week low of $0.80 and a 52 week high of $2.80. The company has a 50 day moving average price of $1.02 and a 200 day moving average price of $1.05. The firm has a market cap of $328.53 million, a PE ratio of -3.66 and a beta of 2.87.

Analyst Ratings Changes

Several brokerages have recently weighed in on MVIS. StockNews.com raised shares of MicroVision to a “sell” rating in a research report on Friday, December 20th. Westpark Capital began coverage on MicroVision in a report on Thursday, December 19th. They issued a “buy” rating and a $1.30 price target on the stock.

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.