MicroVision (NASDAQ:MVIS) Price Target Raised to $2.00 at Westpark Capital

MicroVision (NASDAQ:MVIS) had its price target upped by Westpark Capital from $1.30 to $2.00 in a report issued on Wednesday,Benzinga reports. Westpark Capital currently has a buy rating on the electronics maker’s stock.

Separately, StockNews.com raised MicroVision to a “sell” rating in a research note on Friday, December 20th.

MicroVision Price Performance

NASDAQ:MVIS opened at $1.72 on Wednesday. The firm has a market cap of $376.71 million, a PE ratio of -4.20 and a beta of 2.87. The firm has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $1.09. MicroVision has a 1-year low of $0.80 and a 1-year high of $2.70.

MicroVision (NASDAQ:MVIS) last issued its quarterly earnings results on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The business had revenue of $0.19 million for the quarter. During the same quarter in the previous year, the company posted ($0.12) earnings per share. As a group, sell-side analysts expect that MicroVision will post -0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MicroVision

A number of hedge funds have recently made changes to their positions in MVIS. Geode Capital Management LLC raised its position in shares of MicroVision by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after buying an additional 363,292 shares during the period. Barclays PLC raised its holdings in shares of MicroVision by 302.0% in the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after purchasing an additional 212,365 shares during the period. State Street Corp lifted its stake in shares of MicroVision by 0.7% in the 3rd quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after purchasing an additional 37,126 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MicroVision by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after purchasing an additional 65,712 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in MicroVision during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 30.90% of the company’s stock.

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.