Goldman Sachs Group Inc. Has $817,000 Stake in Microvision, Inc. $MVIS

Goldman Sachs Group Inc. lowered its holdings in Microvision, Inc. (NASDAQ:MVIS) by 11.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 659,010 shares of the electronics maker’s stock after selling 85,874 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Microvision were worth $817,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MVIS. Millennium Management LLC boosted its holdings in Microvision by 10,387.0% during the 4th quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker’s stock worth $1,475,000 after acquiring an additional 1,114,936 shares during the last quarter. GMT Capital Corp bought a new stake in shares of Microvision during the 1st quarter worth $1,293,000. MCF Advisors LLC raised its stake in shares of Microvision by 88.2% during the 1st quarter. MCF Advisors LLC now owns 1,851,660 shares of the electronics maker’s stock worth $2,296,000 after purchasing an additional 868,000 shares during the period. Vanguard Group Inc. raised its stake in Microvision by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 16,743,519 shares of the electronics maker’s stock valued at $20,762,000 after acquiring an additional 842,858 shares during the period. Finally, Nuveen LLC bought a new stake in Microvision in the 1st quarter valued at about $605,000. Institutional investors and hedge funds own 30.90% of the company’s stock.

Analyst Upgrades and Downgrades

MVIS has been the topic of a number of research reports. D. Boral Capital restated a “buy” rating and issued a $3.00 price objective on shares of Microvision in a research note on Tuesday, September 2nd. Westpark Capital reissued a “buy” rating and set a $2.00 price objective on shares of Microvision in a report on Friday, September 5th. Finally, Wall Street Zen raised Microvision from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $2.50.

Microvision Stock Performance

NASDAQ:MVIS opened at $1.33 on Wednesday. The stock has a 50-day simple moving average of $1.18 and a 200-day simple moving average of $1.18. The stock has a market cap of $400.28 million, a P/E ratio of -3.41 and a beta of 1.59. Microvision, Inc. has a 1 year low of $0.80 and a 1 year high of $1.95.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings data on Thursday, August 7th. The electronics maker reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). Microvision had a negative return on equity of 146.46% and a negative net margin of 3,470.59%.The company had revenue of $0.20 million during the quarter, compared to analysts’ expectations of $0.60 million.

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.