Sei Investments Co. Makes New Investment in MicroVision, Inc. (NASDAQ:MVIS)

Sei Investments Co. acquired a new position in shares of MicroVision, Inc. (NASDAQ:MVIS) 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.

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

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.

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.