Sei Investments Co. acquired a new position in shares of MicroVision, Inc. (NASDAQ:MVIS – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 25,404 shares of the electronics maker’s stock, valued at approximately $27,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in shares of MicroVision in the second quarter worth about $32,000. Alpine Global Management LLC bought a new position in shares of MicroVision in the first quarter worth about $39,000. Hsbc Holdings PLC lifted 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 worth $41,000 after acquiring an additional 24,006 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of MicroVision by 133.4% in the second quarter. Daiwa Securities Group Inc. now owns 64,436 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 36,834 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings 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 worth $80,000 after acquiring an additional 35,442 shares during the last quarter. Institutional investors own 30.90% of the company’s stock.
MicroVision Price Performance
Shares of NASDAQ MVIS opened at $1.29 on Friday. The company has a 50 day simple moving average of $1.03 and a 200 day simple moving average of $1.19. The firm has a market cap of $266.59 million, a PE ratio of -2.74 and a beta of 3.03. MicroVision, Inc. has a 1 year low of $0.83 and a 1 year high of $2.98.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on MVIS shares. Westpark Capital reissued a “hold” rating on shares of MicroVision in a report on Wednesday, August 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $3.00 target price on shares of MicroVision in a report on Monday, July 22nd.
Get Our Latest Analysis on MicroVision
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.
Featured Articles
- Five stocks we like better than MicroVision
- How to Start Investing in Real Estate
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- Best Aerospace Stocks Investing
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- MarketBeat Week in Review – 10/7 – 10/11
Want to see what other hedge funds are holding MVIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MicroVision, Inc. (NASDAQ:MVIS – Free Report).
Receive News & Ratings for MicroVision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroVision and related companies with MarketBeat.com's FREE daily email newsletter.