Raymond James Financial Inc. Buys New Shares in MicroVision, Inc. (NASDAQ:MVIS)

Raymond James Financial Inc. bought a new stake in shares of MicroVision, Inc. (NASDAQ:MVIS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 174,462 shares of the electronics maker’s stock, valued at approximately $229,000.

A number of other institutional investors also recently modified their holdings of the stock. Caitlin John LLC acquired a new position in MicroVision during the fourth quarter worth $26,000. Cibc World Markets Corp purchased a new stake in shares of MicroVision in the fourth quarter worth about $26,000. Warwick Investment Management Inc. purchased a new stake in MicroVision in the fourth quarter valued at approximately $37,000. Synergy Asset Management LLC raised its stake in MicroVision by 140.4% in the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 17,669 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of MicroVision by 226.6% during the fourth quarter. Headlands Technologies LLC now owns 43,761 shares of the electronics maker’s stock worth $57,000 after acquiring an additional 30,362 shares in the last quarter. Institutional investors and hedge funds own 30.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Westpark Capital restated a “buy” rating and issued a $2.00 target price on shares of MicroVision in a report on Tuesday, March 25th. D. Boral Capital reiterated a “buy” rating and issued a $3.00 price target 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 note on Thursday, April 24th.

MicroVision Stock Up 0.8%

NASDAQ MVIS opened at $1.21 on Tuesday. MicroVision, Inc. has a 52 week low of $0.80 and a 52 week high of $1.95. The firm has a market capitalization of $297.41 million, a P/E ratio of -2.95 and a beta of 2.04. The company has a 50-day moving average price of $1.21 and a 200-day moving average price of $1.21.

MicroVision (NASDAQ:MVIS) last released its earnings results on Monday, May 12th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $0.59 million during the quarter, compared to analysts’ expectations of $2.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

MicroVision Company 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.