Wells Fargo & Company MN Boosts Stock Position in MicroVision, Inc. (NASDAQ:MVIS)

Wells Fargo & Company MN increased its holdings in MicroVision, Inc. (NASDAQ:MVIS) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,647 shares of the electronics maker’s stock after purchasing an additional 29,000 shares during the period. Wells Fargo & Company MN’s holdings in MicroVision were worth $167,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MVIS. Caitlin John LLC bought a new stake in shares of MicroVision in the 4th quarter worth about $26,000. Cibc World Markets Corp purchased a new position in MicroVision in the fourth quarter worth about $26,000. Warwick Investment Management Inc. purchased a new position in MicroVision in the fourth quarter worth about $37,000. Synergy Asset Management LLC increased its stake 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 acquiring an additional 17,669 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in MicroVision by 226.6% during the fourth quarter. Headlands Technologies LLC now owns 43,761 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 30,362 shares during the period. Hedge funds and other institutional investors own 30.90% of the company’s stock.

MicroVision Price Performance

Shares of NASDAQ:MVIS opened at $1.21 on Friday. The business has a 50 day simple moving average of $1.21 and a two-hundred day simple moving average of $1.21. MicroVision, Inc. has a 1 year low of $0.80 and a 1 year high of $1.95. The firm has a market capitalization of $296.65 million, a PE ratio of -2.94 and a beta of 2.04.

MicroVision (NASDAQ:MVIS) last posted its quarterly earnings data 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). MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. The business had revenue of $1.65 million for the quarter, compared to analysts’ expectations of $3.25 million.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. D. Boral Capital reiterated a “buy” rating and issued a $3.00 target price on shares of MicroVision in a report on Tuesday, March 25th. Westpark Capital reaffirmed a “buy” rating and set a $2.00 price objective on shares of MicroVision in a research note on Tuesday, March 25th. Finally, StockNews.com upgraded shares of MicroVision to a “sell” rating in a research report on Thursday, April 24th.

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.