MicroVision, Inc. (NASDAQ:MVIS) Shares Sold by MCF Advisors LLC

MCF Advisors LLC lessened its holdings in MicroVision, Inc. (NASDAQ:MVIS) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 983,660 shares of the electronics maker’s stock after selling 19,988 shares during the quarter. MCF Advisors LLC’s holdings in MicroVision were worth $1,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of MicroVision by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock valued at $5,700,000 after purchasing an additional 363,292 shares during the period. Barclays PLC increased its holdings in shares of MicroVision by 302.0% during the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock valued at $322,000 after acquiring an additional 212,365 shares during the last quarter. State Street Corp grew its position in shares of MicroVision by 0.7% in the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after purchasing an additional 37,126 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in MicroVision by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after purchasing an additional 65,712 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of MicroVision during the 3rd quarter worth about $56,000. 30.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MVIS shares. StockNews.com raised shares of MicroVision to a “sell” rating in a research note on Friday, December 20th. Westpark Capital assumed coverage on shares of MicroVision in a research note on Thursday, December 19th. They issued a “buy” rating and a $1.30 price target on the stock.

MicroVision Price Performance

Shares of MicroVision stock opened at $1.61 on Wednesday. The business has a 50 day moving average price of $1.08 and a 200-day moving average price of $1.07. MicroVision, Inc. has a 52 week low of $0.80 and a 52 week high of $2.70.

MicroVision (NASDAQ:MVIS) last announced its quarterly earnings results on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. The company had revenue of $0.19 million during the quarter. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. During the same period in the previous year, the business posted ($0.12) EPS. As a group, equities research analysts expect that MicroVision, Inc. will post -0.49 EPS for the current year.

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.