Intech Investment Management LLC Invests $56,000 in MicroVision, Inc. (NASDAQ:MVIS)

Intech Investment Management LLC acquired a new stake in MicroVision, Inc. (NASDAQ:MVIS) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 48,772 shares of the electronics maker’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MVIS. SG Americas Securities LLC grew its position in shares of MicroVision by 89.2% during the 2nd quarter. SG Americas Securities LLC now owns 75,159 shares of the electronics maker’s stock worth $80,000 after buying an additional 35,442 shares during the period. Sei Investments Co. acquired a new position in MicroVision in the second quarter valued at about $27,000. Bank of New York Mellon Corp increased its holdings in shares of MicroVision by 17.9% in the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock worth $818,000 after acquiring an additional 117,035 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in shares of MicroVision by 29.1% during the second quarter. Thoroughbred Financial Services LLC now owns 88,670 shares of the electronics maker’s stock worth $93,000 after purchasing an additional 20,000 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of MicroVision by 133.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 64,436 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 36,834 shares in the last quarter. 30.90% of the stock is currently owned by institutional investors and hedge funds.

MicroVision Stock Performance

Shares of MVIS stock opened at $0.89 on Monday. MicroVision, Inc. has a 52 week low of $0.82 and a 52 week high of $2.98. The company’s 50 day moving average price is $1.05 and its two-hundred day moving average price is $1.05. The company has a market capitalization of $196.00 million, a P/E ratio of -2.18 and a beta of 2.96.

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.