Cibc World Markets Corp Acquires New Position in MicroVision, Inc. (NASDAQ:MVIS)

Cibc World Markets Corp bought a new position in shares of MicroVision, Inc. (NASDAQ:MVIS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,688 shares of the electronics maker’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new stake in shares of MicroVision during the 4th quarter worth approximately $26,000. Warwick Investment Management Inc. acquired a new position in MicroVision during the fourth quarter worth $37,000. Synergy Asset Management LLC boosted its position in MicroVision by 140.4% during the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 17,669 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of MicroVision in the third quarter valued at $56,000. Finally, SRS Capital Advisors Inc. purchased a new position in shares of MicroVision in the fourth quarter valued at $66,000. 30.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on MVIS shares. D. Boral Capital reissued a “buy” rating and issued a $3.00 price objective on shares of MicroVision in a research note on Tuesday. StockNews.com raised shares of MicroVision to a “sell” rating in a research note on Monday, March 10th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of MicroVision in a research note on Tuesday.

MicroVision Price Performance

MicroVision stock opened at $1.21 on Friday. The stock has a market capitalization of $265.01 million, a P/E ratio of -2.95 and a beta of 2.63. MicroVision, Inc. has a 12-month low of $0.80 and a 12-month high of $1.95. The firm’s 50-day moving average is $1.41 and its two-hundred day moving average is $1.20.

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

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.