Charles Schwab Investment Management Inc. Has $2.40 Million Stake in MicroVision, Inc. (NASDAQ:MVIS)

Charles Schwab Investment Management Inc. increased its holdings in shares of MicroVision, Inc. (NASDAQ:MVIS) by 7.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,832,066 shares of the electronics maker’s stock after purchasing an additional 134,479 shares during the period. Charles Schwab Investment Management Inc.’s holdings in MicroVision were worth $2,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its position in MicroVision by 7.8% in the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after purchasing an additional 363,292 shares in the last quarter. Barclays PLC boosted its stake in shares of MicroVision by 302.0% in the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock valued at $322,000 after purchasing an additional 212,365 shares during the last quarter. Bard Financial Services Inc. bought a new position in shares of MicroVision in the 4th quarter worth $166,000. XTX Topco Ltd grew its holdings in MicroVision by 319.0% during the third quarter. XTX Topco Ltd now owns 125,579 shares of the electronics maker’s stock valued at $143,000 after purchasing an additional 95,605 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of MicroVision in the third quarter worth about $72,000. Institutional investors own 30.90% of the company’s stock.

MicroVision Trading Down 6.9 %

MVIS opened at $1.21 on Friday. The company has a market cap of $265.01 million, a P/E ratio of -2.95 and a beta of 2.63. The company’s 50 day moving average is $1.41 and its 200-day moving average is $1.20. MicroVision, Inc. has a 1-year low of $0.80 and a 1-year high of $1.95.

MicroVision (NASDAQ:MVIS) last announced its quarterly earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.04). MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The company had revenue of $1.65 million for the quarter, compared to analyst estimates of $3.25 million.

Analyst Ratings Changes

Several research analysts have recently weighed in on MVIS shares. D. Boral Capital reaffirmed a “buy” rating and set a $3.00 price objective on shares of MicroVision in a research report on Tuesday. StockNews.com upgraded MicroVision to a “sell” rating in a report on Monday, March 10th. Finally, Westpark Capital reiterated a “buy” rating and issued a $2.00 price target on shares of MicroVision in a research report on Tuesday.

MicroVision Profile

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.