SG Americas Securities LLC Boosts Holdings in MicroVision, Inc. (NASDAQ:MVIS)

SG Americas Securities LLC boosted its position in MicroVision, Inc. (NASDAQ:MVIS) by 38.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 104,005 shares of the electronics maker’s stock after purchasing an additional 28,846 shares during the quarter. SG Americas Securities LLC’s holdings in MicroVision were worth $119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MVIS. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 worth $6,372,000 after purchasing an additional 1,344,239 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in MicroVision by 19.1% in the 1st quarter. BNP Paribas Financial Markets now owns 194,777 shares of the electronics maker’s stock worth $358,000 after purchasing an additional 31,211 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in MicroVision by 74.4% in the 1st quarter. Thoroughbred Financial Services LLC now owns 68,670 shares of the electronics maker’s stock worth $126,000 after purchasing an additional 29,285 shares in the last quarter. Vanguard Group Inc. lifted its stake in MicroVision by 5.4% in 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 in the last quarter. Finally, Alpine Global Management LLC purchased a new stake in MicroVision in the 1st quarter worth approximately $39,000. 30.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $3.00 price target on shares of MicroVision in a report on Monday, July 22nd. Westpark Capital reissued a “hold” rating on shares of MicroVision in a report on Wednesday, August 7th.

MicroVision Stock Performance

MVIS stock opened at $1.07 on Friday. MicroVision, Inc. has a 52 week low of $0.83 and a 52 week high of $2.98. The firm’s fifty day moving average is $1.08 and its 200 day moving average is $1.15. The firm has a market cap of $227.64 million, a P/E ratio of -2.33 and a beta of 3.03.

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

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.