MicroVision, Inc. (NASDAQ:MVIS) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of MicroVision, Inc. (NASDAQ:MVIS) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,832,066 shares of the electronics maker’s stock after acquiring an additional 134,479 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.84% of MicroVision worth $2,400,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Lakeside Advisors INC. increased its holdings in shares of MicroVision by 19.4% during the fourth quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker’s stock valued at $81,000 after purchasing an additional 10,000 shares during the period. Synergy Asset Management LLC grew its position in MicroVision by 140.4% in the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after buying an additional 17,669 shares in the last quarter. Caitlin John LLC acquired a new position in MicroVision during the 4th quarter valued at about $26,000. Coldstream Capital Management Inc. raised its position in shares of MicroVision by 7.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker’s stock worth $348,000 after buying an additional 20,113 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of MicroVision by 0.7% in the 3rd quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock worth $5,809,000 after acquiring an additional 37,126 shares during the period. Institutional investors own 30.90% of the company’s stock.

MicroVision Trading Down 6.9 %

Shares of MVIS opened at $1.21 on Friday. The business’s 50-day moving average price is $1.41 and its 200 day moving average price is $1.20. The stock has a market capitalization of $265.01 million, a P/E ratio of -2.95 and a beta of 2.63. MicroVision, Inc. has a 1-year low of $0.80 and a 1-year high of $1.95.

MicroVision (NASDAQ:MVIS) last released its earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.04). The firm had revenue of $1.65 million during the quarter, compared to analysts’ expectations of $3.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MVIS. Westpark Capital reissued a “buy” rating and set a $2.00 target price on shares of MicroVision in a report on Tuesday. StockNews.com upgraded shares of MicroVision to a “sell” rating in a research report on Monday, March 10th. Finally, D. Boral Capital reissued a “buy” rating and set a $3.00 target price on shares of MicroVision in a research note on Tuesday.

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.