Allspring Global Investments Holdings LLC Reduces Position in MicroVision, Inc. (NASDAQ:MVIS)

Allspring Global Investments Holdings LLC decreased its position in MicroVision, Inc. (NASDAQ:MVIS) by 38.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,488 shares of the electronics maker’s stock after selling 13,404 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MicroVision were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitlin John LLC acquired a new stake in MicroVision during the 4th quarter valued at approximately $26,000. Synergy Asset Management LLC raised its holdings in shares of MicroVision by 140.4% during the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 17,669 shares during the last quarter. United Asset Strategies Inc. acquired a new position in MicroVision during the third quarter valued at $46,000. Intech Investment Management LLC purchased a new stake in MicroVision in the third quarter valued at $56,000. Finally, Virtu Financial LLC purchased a new stake in MicroVision in the third quarter valued at $72,000. Institutional investors and hedge funds own 30.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Westpark Capital boosted their price objective on MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. D. Boral Capital assumed coverage on MicroVision in a report on Monday, February 10th. They issued a “buy” rating and a $3.00 price target for the company. Finally, StockNews.com raised shares of MicroVision to a “sell” rating in a research note on Friday, December 20th.

MicroVision Stock Up 9.5 %

NASDAQ:MVIS opened at $1.44 on Thursday. MicroVision, Inc. has a 52 week low of $0.80 and a 52 week high of $2.70. The stock’s 50-day moving average price is $1.40 and its 200-day moving average price is $1.15. The stock has a market capitalization of $314.29 million, a PE ratio of -3.50 and a beta of 2.87.

MicroVision 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.