Bank of New York Mellon Corp Grows Position in MicroVision, Inc. (NASDAQ:MVIS)

Bank of New York Mellon Corp raised its holdings in shares of MicroVision, Inc. (NASDAQ:MVIS) by 17.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 771,359 shares of the electronics maker’s stock after acquiring an additional 117,035 shares during the period. Bank of New York Mellon Corp’s holdings in MicroVision were worth $818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MVIS. Vanguard Group Inc. raised its position in shares of 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in MicroVision by 63.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,463,069 shares of the electronics maker’s stock valued at $6,372,000 after buying an additional 1,344,239 shares during the period. BNP Paribas Financial Markets increased its holdings in MicroVision by 19.1% in the 1st quarter. BNP Paribas Financial Markets now owns 194,777 shares of the electronics maker’s stock valued at $358,000 after purchasing an additional 31,211 shares during the last quarter. Farmers Trust Co. increased its stake 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 purchasing an additional 20,000 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of MicroVision by 89.2% in the second quarter. SG Americas Securities LLC now owns 75,159 shares of the electronics maker’s stock valued at $80,000 after acquiring an additional 35,442 shares in the last quarter. 30.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

MicroVision Price Performance

Shares of MVIS stock opened at $1.13 on Monday. MicroVision, Inc. has a 1-year low of $0.83 and a 1-year high of $2.98. The firm has a market capitalization of $233.53 million, a PE ratio of -2.40 and a beta of 3.02. The business’s fifty day moving average price is $1.01 and its 200 day moving average price is $1.27.

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

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.